Rogue’s $2.5 Million Loyalty Dividend Demonstrates Credit Union Difference

February 23, 2016

February 23, 2016

Structured as member-driven cooperatives, credit unions are uniquely positioned to deliver real, tangible value to members.  Whether they do so by offering lower fees, better loan rates, dividends, or a combination of all of those benefits, it results in a positive economic impact in local communities. That’s the credit union difference, and it is borne out in Rogue Credit Union’s communities this month.

The credit union returned $2.5 million to 81,000 of its members last week, a benefit earned as a result of their 2015 participation in the credit union and determined by a mix of deposits, loans, and transactions.

“Our members’ trust and loyalty is what has made Rogue Credit Union successful,” said President/CEO, Gene Pelham. “We’re excited to share that success with our member-owners.”

According to Pelham, the Rogue Rewards Loyalty Dividend was deposited into a new, high-yield Ownership Account, allowing members to earn even more. The average payout was $30 and the top payout was $571. 

Naturally, the announcement of a $2.5 million return to members was an important story in local media.

 “We’re celebrating the opportunity to return $2.5 million dollars back to our loyal members, which will directly impact the communities we serve,” said Pelham.

Questions about this story? Contact Lynn Heider: 503.350.2225, lheider@nwcua.org.

Posted in Economy.