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EIN 93-0256538

Forrit Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
24
City
Portland
State
Oregon
Year formed
1936
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Forrit Credit Union offers solutions to enhance the financial life of each member through savings, investments, and consumer loan products with favorable rates and minimal fees. We also provide competitive-low fee services and organize education events to promote financial literacy. Our programs entail operating and maintaining a cooperative credit union owned by our members, along with paying interest and dividends on savings, certificate of deposit, and borrowings.
Related structure
Forrit Credit Union is child organization, under the parent exemption from State Chartered Credit Unions in Oregon.
Also known as...
Usagencies Credit Union
Total revenues
$4,552,072
2023
Total expenses
$4,328,101
2023
Total assets
$98,950,614
2023
Num. employees
24
2023

Program areas at Forrit Credit Union

Operations & maintenance of a cooperative credit union owned by its members.
Interest & dividends paid on savings, certificate of deposit and borrowings

Personnel at Forrit Credit Union

NameTitleCompensation
Justin OlsonChief Executive Officer and President$128,058
Kathleen ScholesVice President and Chief Financial Officer / Vice Presidentcfo$40,403
Wendy RussellDirector of Finance$92,900
Andrew AckmanDirector of It$95,176
Cindy PackardDirector of Member Services$93,068
...and 2 more key personnel

Financials for Forrit Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$3,732,737
Investment income and dividends$819,335
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,552,072

Form 990s for Forrit Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-01990View PDF
2022-122023-05-09990View PDF
2021-122022-05-16990View PDF
2020-122021-04-21990View PDF
2018-122019-06-19990View PDF
...and 10 more Form 990s
Data update history
February 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 3, 2023
Updated personnel
Identified 2 new personnel
July 1, 2023
Used new vendors
Identified 1 new vendor, including
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
95 SW Taylor St
Portland, OR 97204
Metro area
Portland-Vancouver-Hillsboro, OR-WA
County
Multnomah County, OR
Phone
(503) 275-0300
IRS details
EIN
93-0256538
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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