Rogue Credit Union awaits southeast Medford opportunity - News - MailTribune.com - Medford, OR

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2014-10-20

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0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation  |  Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Home News Latest Stories Emergency Services Medford school officials consider costs of full-day kindergarten Family rallies help for Mexican community Preview of pot legalization plays out across Oregon border Since You Asked: County will consider pot tax Crime, Courts and Emergency Services Emergency Services Family rallies help for Mexican community Emergency services Iron Mike loses his rifle ... again Emergency services Politics and Elections Kitzhaber embattled as he seeks fourth term Five compete for three council seats Jville Council Q&A: Brad Bennington Jville Council Q&A: Jim Lewis Jville Council Q&A: Ken Gregg Education Medford school officials consider costs of full-day kindergarten Foundation kicks off ambitious 'Count Me In' fundraising campaign 100 hours and counting SOU students protest university's free-speech zone Boys & Girls Clubs bursting at the seams Environment Work begins on Southern Oregon's first dedicated mountain bike trail Applegate Dam hydroelectric project dead in water Fear of orphaned cubs nixes new spring bear hunt Josephine County ballot measure would ban commercial and government pesticide use Low water exposes Emigrant Lake's past State news Nation - World Obituaries Marylen Agrell Kocks Lillian (Hulinsky) Kamarad Carol Erenst Reynolds Jay P. Greenwade Harriet Sheehan Weather Photo Galleries Since You Asked Videos Web Cams Mail Tribune 100 Sports Latest Stories Impact of a Comet Keselowski keeps title hopes alive at Talladega Tim Lincecum waits his turn, still yet to pitch Denkinger’s miss revisited as Series returns to KC UO’s Dargan sets the tone for improving defense Varsity 541 College Sports UO’s Dargan sets the tone for improving defense Mariota keeps touchdown streak alive Royce Rolls SOU shuts down Beacons for weekend sweep Raiders drop wild game to Carroll, 42-40 Pro Sports Tim Lincecum waits his turn, still yet to pitch Denkinger’s miss revisited as Series returns to KC Vickers wins pole in strange Talladega qualifying Spurs' Popovich jabs Suns owner Sarver Golovkin stops Rubio to defend WBA title Community Sports LOCAL EVENTS LOCAL RESULTS Business Latest Stories Rogue Credit Union awaits southeast Medford opportunity People in Business Blog: Early Holiday Shopping Hundreds look for work at Harry & David hiring fair Frontier Airlines to end Eugene-Denver service Real Estate News Lithia buys Clovis dealership Rental vacancies increase Jackson County real estate sales, prices continue rebound Pallet Wine Co. expands in downtown Medford People In Business People in Business Transportation Frontier Airlines to end Eugene-Denver service Business Resource Fair has answers Erickson's Navy contract extended Lithia buys Clovis dealership Agriculture Hundreds look for work at Harry & David hiring fair Umpqua Holdings more than doubles net earnings Harry & David will hold hiring fair Thursday Ranchers offer livestock exchange 1-800-Flowers CEO: Labor shortage an issue for Harry & David Opinion Latest Letters to the Editor, Oct. 19 Our view: Endorsements include Bates, Talbert, Hoppe Don't overlook importance of Jackson County commissioners race Another view: GOP 'war on women' is a feminist figment Measure 92 misleads rather than enlightens Editorials Our view: Endorsements include Bates, Talbert, Hoppe Reversing course: Hoppe for judge Our view: With respect, our support goes to Bates Our View: Bearnson, Stine, Lane for Medford council Our View: No clear favorite for county commissioner, position 1 Letters to the Editor Letters to the Editor, Oct. 19 Letters to the Editor, Oct. 18 Letters to the Editor, Oct. 17 Letters to the Editor, Oct. 16 Letters to the Editor, Oct. 15 Guest Opinions Don't overlook importance of Jackson County commissioners race Measure 92 misleads rather than enlightens Oregonians have a right to know what's in their food Infill is the answer to growth issues Guest Opinion: Who’s really to blame for 2014 wildfires? Lifestyle Latest stories Scenic byway showcases colors of the Cascades New arrivals Held captive by whimsy How to know when trees and shrubs need to go Community blog: My New Best Selling Book Food Community blog: Southern Oregon Micro and Nano Brewing Scene Fall 2014 Community blog: Eggs make for economical, unconventional curry Mobile meals perfect for autumn forays Community blog: Green beans go global from gleaning garden Kitchen Call: Pumpkin is nothing without the spice Home and Garden How to know when trees and shrubs need to go Dear Monty: Is your real estate agent a secret agent? The best way to store your books A list to help you get ready for winter How to create a fashionable painted floor cloth Health Held captive by whimsy Community blog: My New Best Selling Book Dr. Jeff Hersh: The enterovirus is not new Dr. Murray Feingold: The first successful uterus transplant Health Watch: Skip the energy drink and reenergize naturally Hiking Biking Faith Religion Briefs Religion Briefs Religion Briefs Religion briefs First Church of Nazarene plans cleanup Milestones and Achievements New arrivals Southern Oregon Pride parade celebrates gay marriage ruling New Arrivals Still stifling laughter 40 years after 'Young Frankenstein' New Arrivals Columnist for a Day Rogue Healthy Aging Tempo Latest stories Review: Funny 'Lion in Winter' roars to life at Camelot Theatre Yu's Yummy Yan's offers great take-out A cappella fellas sing for schools Theater's haunted house not for faint of heart Tutunov Piano Series begins at SOU Theater Camelot presents 'The Lion in Winter' 'Carnage' is short, smart, darkly funny Randall Theatre presents 'Blithe Spirit' A tribute to a great lyricist 'Mrs. Mannerly' is a matter of manners Music A cappella fellas sing for schools The Farr Side: Bryan Adams releases album of influential hits Tutunov Piano Series begins at SOU Benefit for Nita Day at The Wild Goose Cafe in Ashland Call for musicians Community Events Review: Funny 'Lion in Winter' roars to life at Camelot Theatre Theater's haunted house not for faint of heart Third Fridays in downtown Medford Works in progress Southern Oregon Pride Festival celebrates diversity Dining Yu's Yummy Yan's offers great take-out Agave offers tasty tacos Asian cuisine for all seasons at Misoya Bistro Spoons Tempo Videos Classifieds Jobs Autos Real Estate FEATURED   » Obituaries Blogs TV Listings Movie Listings Oregon Outdoors Oregon Healthy Living Magazines & Special Sections NEWS NOW   Central Point candidates have similar goals       ...       Family rallies help for Mexican community       ...       Green Party candidate drops from state Senate race       ...       Central Point candidates have similar goals       ...       Family rallies help for Mexican community       ...       Green Party candidate drops from state Senate race       ...           FINANCIAL SERVICES Rogue Credit Union awaits southeast Medford opportunity Zoning change needed to convert former Scottish Rite Temple into branch office By Greg Stiles Mail Tribune MailTribune.com By Greg Stiles Mail Tribune Posted Oct. 17, 2014 @ 2:39 pm Updated Oct 17, 2014 at 7:25 PM By Greg Stiles Mail Tribune Posted Oct. 17, 2014 @ 2:39 pm Updated Oct 17, 2014 at 7:25 PM »  Social News Way back in 2009, Rogue Credit Union aspired to build a new branch office on the southeast corner of East Barnett and North Phoenix roads. Five years later, the credit union is still waiting for city approval of Southeast Plan commercial components so it can begin to transform the former Scottish Rite Temple at the location. Rogue plans to remodel the structure, creating a 1,300-square foot office. In the interim, Rogue Credit Union has built a new north Medford building on East McAndrews Road, begun an addition to its headquarters complex off Highway 99, and acquired Chetco Credit Union, giving the Medford-based financial institution coastal presence from Bandon to the California border. "The whole local market and the whole financial services market continues to change," said President and CEO Gene Pelham. "Since we bought the property, our members have continually asked when we are going to build." Because of its Chetco acquisition, Pelham suggests the credit union's asset growth be an apples-and-oranges comparison. He noted, however, between September 2013 and last month, Rogue assets grew to $914 million, a 7.1 percent gain from $853 million. At the same time, the organization has added more than 8,000 members, pushing the total to 83,577 with checking or savings accounts. Demographically, the credit union matches the area's overall age breakdown, he said. "But we do a little bit better with younger members less than 25." "There is considerable demand for us to be up on that corner," Pelham said. "It's a very convenient location for people working at the medical offices who live in Eagle Point and White City. We are just as anxious and are waiting for the approvals to get done so we can start the process." Before Rogue can roll up its sleeves and go to work across the street from the Larson Creek Shopping Center, it needs zoning switched to community commercial from multifamily residential. The Planning Commission is slated to discuss the Southeast Commercial Core Master Plan in November. Once approved, RCU is hoping the Medford City Council will give its blessing in December or January. After that, the financial institution can seek the zoning change and apply for building permits. Pelham projects the office to be open sometime between next August and January 2016. "Our original plan was to build on that corner," Pelham said. "However, we had the financial crisis and the area didn't build out with as many homes quite as quickly. We have the flexibility to see how consumer needs change by using the existing building. Instead of having a bunch of interior walls, we will have movable walls. It's still set up to provide electronic service options, but our members tell us over and over they still want face-to face personalized service." Reach reporter Greg Stiles at 541-776-4463 or [email protected]. Follow him on Twitter at www.twitter.com/GregMTBusiness, on Facebook at www.facebook.com/greg.stiles.31, and read his blog at www.mailtribune.com/Economic Edge.   By Greg Stiles Mail Tribune MailTribune.com By Greg Stiles Mail Tribune Posted Oct. 17, 2014 @ 2:39 pm Updated Oct 17, 2014 at 7:25 PM » Comment or view comments   Reader Reaction »  STAY INFORMED   Email NewsLetter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Stay Informed   Email newsletter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. 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