Jun, 30, 2024 — FORUM CREDIT UNION is a federally insured state chartered credit union headquartered in FISHERS, IN with 14 branch locations and about $1.96 billion in total assets. Opened 84 years ago in 1941, FORUM CREDIT UNION has about 180,077 members and employs 385 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: | 14 branch locations |
| Members: | 180,077 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,963,536,682 |
| CEO/Manager: | Doug True |
| Chairperson: | Kevin Hunt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 109,115,608 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,870,729 |
| Real Estate Loans | 533,103,051 |
| Unsecured Loans | 135,623,210 |
| Other Loans | 1,097,569,145 |
| TOTAL LOANS | 1,766,295,406 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,157,874 |
| Land And Building | 24,549,035 |
| Other Fixed Assets | 7,526,736 |
| NCUSIF Deposit | 14,304,874 |
| All Other Assets | 108,712 |
| TOTAL ASSETS | 1,963,536,682 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 120,000,000 |
| Accounts Payable & Other Liabilities | 23,221,272 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 493,512,335 |
| Regular shares | 614,457,928 |
| All Other Shares & Deposits | 498,702,015 |
| TOTAL SHARES & DEPOSITS | 1,606,672,278 |
| TOTAL LIABILITIES | 1,749,893,550 |
| Regular Reserve | 0 |
| Other Reserves | -967,094 |
| Undivided Earnings | 214,610,226 |
| TOTAL EQUITY | 213,643,132 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,963,536,682 |
| INCOME & EXPENSE | |
| Loan Income | 49,761,479 |
| Investment Income | 1,521,090 |
| Other Income | 3,951,682 |
| Total Employee Compensation & Benefits | 24,792,356 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,877,947 |
| Non-operating Income & (Expense) | 475,063 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,285,805 |
| Cost of Funds | 5,702,349 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,166,811 |
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