Dec, 31, 2023 — FORUM CREDIT UNION is a federally insured state chartered credit union headquartered in FISHERS, IN with 15 branch locations and about $2.06 billion in total assets. Opened 83 years ago in 1941, FORUM CREDIT UNION has about 162,175 members and employs 392 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORUM CREDIT UNION |
|---|---|
| Address: (Main Office) | 11313 USA Pkwy FISHERS, IN 46037-9208 |
| Phone: | (317) 558-6000 |
| Fax: | |
| Website: | https://www.forumcu.com |
| Branches: | 15 branch locations |
| Members: | 162,175 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68248 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,061,308,466 |
| CEO/Manager: | Doug True |
| Chairperson: | Kevin Hunt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 174,580,211 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,534,964 |
| Real Estate Loans | 618,069,667 |
| Unsecured Loans | 147,855,250 |
| Other Loans | 1,042,857,130 |
| TOTAL LOANS | 1,808,782,047 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,354,957 |
| Land And Building | 25,551,106 |
| Other Fixed Assets | 9,168,979 |
| NCUSIF Deposit | 15,210,608 |
| All Other Assets | 311,971 |
| TOTAL ASSETS | 2,061,308,466 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 115,000,000 |
| Accounts Payable & Other Liabilities | 29,527,290 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 455,216,158 |
| Regular shares | 497,326,489 |
| All Other Shares & Deposits | 721,631,595 |
| TOTAL SHARES & DEPOSITS | 1,674,174,242 |
| TOTAL LIABILITIES | 1,820,094,885 |
| Regular Reserve | 0 |
| Other Reserves | -321,368 |
| Undivided Earnings | 241,534,949 |
| TOTAL EQUITY | 241,213,581 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,061,308,466 |
| INCOME & EXPENSE | |
| Loan Income | 93,457,246 |
| Investment Income | 6,529,199 |
| Other Income | 6,254,009 |
| Total Employee Compensation & Benefits | 36,786,791 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 28,337,189 |
| Non-operating Income & (Expense) | 742,373 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,722,285 |
| Cost of Funds | 25,723,984 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,990,669 |
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