Rogue Credit Union President and CEO, Gene Pelham, to Retire in Early 2022
The credit union has named current EVP/COO, Matt Stephenson, as its new President.
Rogue Credit Union has announced its President and CEO, Gene Pelham, is planning to retire in the spring of 2022. Pelham’s retirement will bring a close to a remarkable career and more than 18 years of service to the Medford, Oregon-based credit union.
In light of Pelham’s retirement, the Rogue Credit Union Board of Directors has named current Executive Vice President and Chief Operating Officer, Matt Stephenson, the new President. Pelham will retain the position of CEO until retirement.
With over 40 years of experience in the financial services industry, Pelham spent the majority of his career pursuing his passion for service as part of the not-for-profit Credit Union Movement.
“Under Gene’s leadership, Rogue Credit Union has thrived and become a movement leader,” said Philip Smith, Rogue Credit Union Board Chair. “His strategic vision, dedication to developing leaders, commitment to community and dedication to doing what’s right for the members are lasting legacies.”
Joining the credit union in 2003, Pelham has served as its fourth President and CEO since 2007. Under his leadership, Rogue experienced tremendous success, growing its membership from 39,400 members to over 166,000 members across Oregon.
Pelham propelled the credit union to new heights — successfully leading Rogue through the Great Recession of 2008, the purchase and assumption of Chetco Federal Credit Union, and most recently, the merger with Malheur Federal Credit Union, set to complete this year.
During his tenure, Rogue expanded from seven branches to a network of 27 locations, employing over 550 dedicated employees to better serve its members. The credit union also introduced the Rogue Rewards Program and Ownership Account, which celebrated the cooperative ownership of a not-for-profit member owned financial services provider. In 2016, Rogue shared its first Loyalty Dividend of $2.5 million to members. Since then, members’ Ownership Accounts have earned over $40 million.
Pelham also lead the charge on establishing the Rogue Management School, a two-year in-house leadership development program.
“I have been fortunate to work with a board which always put our members first and a team dedicated to the service of others,” said Pelham. “I am honored to have had the opportunity to serve the members and staff of Rogue Credit Union.”
Pelham has always been a staunch credit union advocate.
He currently serves on the Northwest Credit Union Foundation’s Board of Directors, helping to guide the organization’s strategic vision since 2019. Previously, he served on the Northwest Credit Union Association’s Board of Directors, as well as NWCUA’s Oregon Governmental Affairs Committee.
At NWCUA’s 2017 MAXX conference, he was named an Advocate of the Year for organizing internal and external Governmental Affairs Committees at Rogue and investing in advocacy training for all staff members.
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