MEDFORD, Ore. – The $3.6-billion Rogue Credit Union here and $341-million Members 1st Credit Union, based in Redding, Calif., intend to merge, RCU reported.
The merger, which is expected to be completed in 2026, has been unanimously approved by the boards of directors of both credit unions, RCU said.
“We are beyond excited to be able to embark on this journey with a trusted partner,” said Matt Stephenson, president/CEO of Rogue Credit Union. “This partnership will allow us to provide a greater opportunity to serve more members, offering expanded resources and enhanced services – all while preserving the local, hometown feel that members value.”
Both credit unions got their start serving state employees and share a longstanding tradition of community support, RCU said.
“We are excited about this opportunity to partner with one of the top-performing credit unions in the nation,” said Ken Reed, board chair of Members 1st Credit Union. “This will give our members more choices and improved benefits of membership. Rogue is deeply committed to the communities they serve and will retain the same level of dedication to the Members 1st communities.”