Program areas at FORUM Credit Union
Providing low cost Credit for members is the basic function of a Credit Union. The cooperative nature of the Credit Union allows for market lending rates to be offered for mortgage loans, home equity loans and personal loans. In addition, Forum works closely with the fha and other home ownership organizations to help consumers realize the dream of owning a home. Forum originated over $1 billion in loans this year in its efforts to meet the members' lending needs.
Forum provides lending and depository services for small business owners. Forum offers several types of commercial loans including several of the small business administration (sba) loans to help small business owners grow their businesses. Forum currently works with over 4,500 small business owners providing a variety of products and services.
To promote thrift and responsible use of Credit within the membership, Forum provides several financial education opportunities including financial literacy content on the website, financial literacy videos, financial seminars, online budgeting tools, in branch activities and promotions geared to financial education. In addition, Forum provides a variety of innovative savings accounts designed to encourage systematic savings which has generated over $26 million in personal savings.
Grants made by FORUM Credit Union
Personnel at FORUM Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Douglas True | Chief Executive Officer | $633,726 | 2022-12-31 |
| Charles Andrew Mattingly | Chief Operating Officer | $314,567 | 2022-12-31 |
| Jeffry Welch | Chief Financial Officer | $984,532 | 2023-11-06 |
| Cameron Piercefield | Chief Technology and Risk Officer | $323,818 | 2022-12-31 |
| Andrew Spirrison | Senior Vice President - Member Experience | $227,782 | 2022-12-31 |
| ...and 8 more key personnel |
Financials for FORUM Credit Union
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $90,365,155 | $89,438,617 | 1% |
| Investment income and dividends | $2,329,170 | $1,073,732 | 116.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $117,141 | $80,230 | 46% |
| Net gain from sale of non-inventory assets | $711,411 | $394,319 | 80.4% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $2,046,233 | $2,142,157 | -4.5% |
| Total revenues | $95,569,110 | $93,129,055 | 2.6% |
Organizations like FORUM Credit Union
| Organization | Type | Location | Revenue |
|---|
| Metro Credit Union | 501(c)(14) | Chelsea, MA | $114,336,853 |
| Azura Credit Union | 501(c)(14) | Topeka, KS | $38,277,046 |
| ELGA Credit Union | 501(c)(14) | Grand Blanc, MI | $86,734,421 |
| State Employees Credit Union of Maryland (SECU) | 501(c)(14) | Linthicum, MD | $216,273,782 |
| Jeanne D'Arc Credit Union | 501(c)(14) | Lowell, MA | $66,569,870 |
| Educators Credit Union (ECU) | 501(c)(14) | Mount Pleasant, WI | $166,801,060 |
| Fox Communities Credit Union (FOXCU) | 501(c)(14) | Appleton, WI | $104,390,989 |
| Seattle Metropolitan Credit Union Seattle Credit Union (SMCU) | 501(c)(14) | Seattle, WA | $48,414,512 |
| Sikorsky Credit Union | 501(c)(14) | Stratford, CT | $41,268,421 |
| Royal Credit Union (RCU) | 501(c)(14) | Eau Claire, WI | $198,876,123 |
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 23, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
Conservation easementCommunity engagement / volunteering
General information
- Address
- PO Box 50738
- Indianapolis, IN 46250
- Metro area
- Indianapolis-Carmel-Anderson, IN
- County
- Marion County, IN
- Website URL
- forumcu.com/Â
- Phone
- (317) 558-6000
- Facebook page
- ForumCUÂ
- Twitter profile
- @forumtalkÂ
IRS details
- EIN
- 35-0779057
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1941
- 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
- Central organization
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