The New Year will bring charter changes for two large creditunions in Oregon.

The $914 million Rogue Credit Union in Medford and the $885million Oregon State Credit Union in Corvallis will convert fromfederal to state charters on Jan. 1 to positon their cooperativesfor long-term growth.

“Over the last several years, Rogue Credit Union hasstrategically evaluated our field of membership and future growthopportunities,” President/CEO Gene Pelham said. “This analysisshowed that with our considerable deposit and loan market share inthe communities that we currently serve we needed to identifylong-term future market expansion opportunities. Our sincere desirewas to remain a federally chartered credit union, but we found thatthe existing NCUA field of membership rules provided no opportunityfor Rogue Credit Union to expand.”

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