March 13, 2020 3:45 a.m. 
In the KQEN Business Spotlight:
Rogue Credit Union returned $6 million dollars to its member-owners on Monday.
A release said the move was part of the credit union’s third Rogue Rewards Loyalty Dividend. Members earned a dividend as a result of their participation in the credit union, determined by a mix of deposits, loans and transactions. President and CEO Gene Pelham said members loyalty and active participation is what has made Rogue successful. He said they are “excited to return $6 million to our members and the local economy”.
The release said Loyalty Dividends are paid by Rogue when the credit union’s net worth has reached a pre-determined level, allowing it to remain “a strong and stable financial institution”, while returning excess profits to its members.
As part of the program, Rogue has also allocated $300,000 to give back to the community. Funds will go to local organizations that Rogue serves, such as the Rogue Valley Family YMCA, the Azalea Festival in Brookings, and the Douglas County WISH Upon a Star program.
More information about Rogue Credit Union is available at www.rogueccu.org.