2025-11-05T10:12:47-07:00 2024-12-31 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2024-01-01 350779057 FORUM CREDIT UNION FORU 3175586000 PO BOX 50738 INDIANAPOLIS IN 46250 Jeffry Welch Chief Financial Officer 3175586216 2025-11-05 1 1 Michael Summers P00838533 3173833663 2025-11-05 2024 2025-03-06 01:10:19Z Doug True PO Box 50738 Indianapolis IN 46250 145250131 0 X WWW.FORUMCU.COM X 1941 IN FORUM CREDIT UNION'S MISSION IS TO BE AN INNOVATIVE, DYNAMIC, RESPONSIVE FINANCIAL SERVICES ORGANIZATION THAT PROVIDES PRODUCTS AND SERVICES THAT CREATE VALUE FOR ITS MEMBERS. 9 9 460 12 2428860 510125 0 0 112801879 130119879 7049697 11993108 2126084 2555468 121977660 144668455 165000 165000 0 0 36629174 41273415 0 0 0 59348533 78180952 96142707 119619367 25834953 25049088 2061308465 2173451335 1820094884 1907079088 241213581 266372247 FORUM IS A 501(C)(14) EXEMPT ORGANIZATION THAT IS OPERATED FOR MUTUAL PURPOSES AND WITHOUT PROFIT THAT 1)PROMOTES THRIFT AMONG MEMBERS AND 2)PROVIDES LOW COST CREDIT FOR MEMBERS. ITS COLLECTIVE CHARGE IS TO BE AN INNOVATIVE, DYNAMIC, AND RESPONSIVE FINANCIAL SERVICES ORGANIZATION PROVIDING PRODUCTS AND SERVICES THAT CREATE VALUE FOR ITS MEMBERS. 0 0 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 $559 MILLION IN LOANS THIS YEAR IN ITS EFFORTS TO MEET THE MEMBERS' LENDING NEEDS. 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 $27 MILLION IN PERSONAL SAVINGS. 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 5,500 SMALL BUSINESS OWNERS PROVIDING A VARIETY OF PRODUCTS AND SERVICES. 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 1 1 1 1 0 1 127825 0 1 460 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 IN X JULIA CLARK 3175586216 PO BOX 50738 INDIANAPOLIS IN 46250 DOUGLAS TRUE CHIEF EXECUTIVE OFFICER 40 1 X 730163 0 60360 BENJAMEN BANKS FINANCIAL ADVISOR- PCG 40 0 X 410047 0 69562 JEFFRY WELCH CHIEF FINANCIAL OFFICER 40 1 X 406121 0 36768 CHARLES ANDREW MATTINGLY CHIEF OPERATING OFFICER 40 1 X 356358 0 71969 JENNIFER BUDREAU CHIEF OPERATING OFFICER 40 1 X 381857 0 16503 CAMERON PIERCEFIELD CHIEF TECHNOLOGY AND RISK OFFICER 40 1 X 363882 0 31359 JIM CARR SENIOR VICE PRESIDENT - COMMERCIAL & INVESTMENT SERVICES 40 0 X 311259 0 53013 TAMMY MARRS FINANCIAL ADVISOR 40 0 X 308738 0 55147 ANDREW SPIRRISON CHIEF MEMBER EXPERIENCE OFFICER 40 1 X 281039 0 64526 CHRISTOPHER FERGUSON VICE PRESIDENT-CONSUMER LENDING 40 0 X 222091 0 41262 BRIAN CRUM VICE PRESIDENT - REAL ESTATE, SERVICING AND CREDIT 40 0 X 229337 0 31577 MICHELLE BAKER CHIEF PEOPLE OFFICER 40 1 X 211431 0 20274 KRISTI LOWELL CHIEF MARKETING AND COMMUNITY OFFICER 40 1 X 215357 0 11966 KELLY WILSON DIRECTOR 5 0 X 6170 0 0 TRACY MILLS VICE CHAIRMAN 5 0 X X 4943 0 0 JOHN GALLINA DIRECTOR 5 0 X 3875 0 0 JODEE CURTIS DIRECTOR 5 1.00 X 3672 0 0 RICK RAMBO TREASURER 5 0 X X 2446 0 0 LORI WINKLER DIRECTOR 5 0 X 2187 0 0 KEVIN HUNT CHAIRMAN 5 0 X X 1267 0 0 CHRIS HAGENOW SECRETARY 5 0 X X 940 0 0 DONNA WILKINSON DIRECTOR 5 1 X 0 0 0 4453180 0 564286 64 0 1 0 FISERV INC PO BOX 934057 ATLANTA GA 31193 SOFTWARE 2534943 CDW LLC PO BOX 75723 CHICAGO IL 60675 TECHNOLOGY HARDWARE AND SOFTWAE 838500 QSI INC QUALITY SERVICE INSTALLATION 107 SCHULER DR BARDSTOWN KY 40004 TECHNOLOGY & SECURITY FOR CASH SERVICES 720215 TTEC Digital LLC 100 CONGRESS AVE STE 1425 AUSTIN TX 78701 PHONE SYSTEM TECHNOLOGY 559916 CHURCH CHURCH HITTLE & ANTRIM TWO NORTH NINTH STREET NOBLESVILLE IN 46060 ATTORNEY-COLLECTIONS SERVICES 553915 56 0 Interest and Fees on Loans 522130 110233047 110233047 0 0 Service Fees on Share Accounts 522130 5468388 5388111 80277 0 Debit Card and Credit Card Fees 522130 10359406 10359406 0 0 Mortgage Banking 522130 2834530 2834530 0 0 Insurance 522130 1224508 1191467 33041 0 0 0 0 0 130119879 12067276 0 0 12067276 0 0 0 0 0 0 0 0 458482 0 443957 0 14525 0 14525 0 -225401 239926 0 63551 0 137719 0 -74168 -74168 -74168 0 0 Investment Advisory Services 523900 2424612 0 2424612 0 Other Revenue 523900 116331 0 116331 0 0 0 0 0 2540943 144668455 129932393 2428860 12307202 165000 3285441 28975425 1159719 5563162 2289668 0 74803 165609 0 0 0 0 2609826 1373499 5086328 0 3748350 34643 0 702271 38918122 0 3705052 317531 Provision for Loan Losses 9357809 Collections and Loan Expenses 8729793 Correspondent Service Expense 489060 Income Tax 894915 1973341 119619367 0 0 0 6985500 5919103 167594712 246242133 1783748338 1830038764 75133166 44675770 31862085 30457396 19826279 7325939 8853300 8853300 42438251 44614700 2061308465 2173451335 30920642 30280546 115000000 90000000 1674174242 1786798542 1820094884 1907079088 X 0 0 0 0 241213581 266372247 241213581 266372247 2061308465 2173451335 X 25049088 109578 0 0 0 0 X 0 1 X 1 0 7753 0 0 7753 7753 1 Indiana Credit Union League PAC PO Box 50425 Indianapolis IN 46250 237305600 5000 0 Indiana Business for Responsive Government 115 W Washington St Ste 850 Indianapolis IN 46204 351789566 1250 0 Indianapolis Chamber of Commerce 111 Monument Circle Ste 1950 Indianapolis IN 46204 352106949 739 0 Indiana Chamber of Commerce 115 W Washingotn St Indianapolis IN 46204 350411610 532 0 Indiana Mortgage Bankers Association PAC 19359 Alpine Dr Lawrenceburg IN 46204 237345226 100 0 Builders Association of Greater Indianapolis 6510 Telecom Dr Ste 185 Indianapolis IN 46278 350799701 132 0 Schedule C, Part I-A, Line 1 FORUM Credit Union contributed $5,000 to the Indiana Credit Union League Political Action Committee; $1,250 to the Indiana Business for Responsive Government Political Action Committee; $739 to the Indianapolis Chamber; $532 to the Indiana Chamber; $100 to Indiana Mortgage Bankers Association; and $132 to Builders Association of Greater Indianapolis. 0 7325758 7325758 0 40427021 23586088 16840933 0 3339879 2226786 1113093 0 24040508 18862896 5177612 0 0 0 0 30457396 0 Member Share Accounts 1761767542 Non-Member Deposits 25031000 1786798542 Schedule D, Part X, Line 1 Management has evaluated their income tax position under guidance included in ASC740, based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. 1 FORUM Credit Union Foundation Inc 11313 USA Parkway Fishers IN 46037 463086648 501(C)(3) 165000 0 Scholarship and Teacher Grants 1 0 Schedule I, Part I, Line 2 FORUM Credit Union donates to its related organization, FORUM Credit Union Foundation, Inc. The foundation is controlled by the filing organization and makes grants and scholarship decisions. X 1 1 X X X 0 0 0 DOUGLAS TRUE CHIEF EXECUTIVE OFFICER 506960 0 215334 0 7869 0 33364 0 26996 0 790523 0 0 0 BENJAMEN BANKS FINANCIAL ADVISOR- PCG 410047 0 0 0 0 0 38525 0 31037 0 479609 0 0 0 JEFFRY WELCH CHIEF FINANCIAL OFFICER 334026 0 62000 0 10095 0 9784 0 26984 0 442889 0 0 0 CHARLES ANDREW MATTINGLY CHIEF OPERATING OFFICER 286715 0 62000 0 7643 0 38250 0 33719 0 428327 0 0 0 JENNIFER BUDREAU CHIEF OPERATING OFFICER 317505 0 62000 0 2352 0 14672 0 1831 0 398360 0 0 0 CAMERON PIERCEFIELD CHIEF TECHNOLOGY AND RISK OFFICER 296554 0 62000 0 5328 0 15525 0 15834 0 395241 0 0 0 JIM CARR SENIOR VICE PRESIDENT - COMMERCIAL & INVESTMENT SERVICES 301876 0 0 0 9383 0 19728 0 33285 0 364272 0 0 0 TAMMY MARRS FINANCIAL ADVISOR 308738 0 0 0 0 0 28809 0 26338 0 363885 0 0 0 ANDREW SPIRRISON CHIEF MEMBER EXPERIENCE OFFICER 213235 0 62000 0 5804 0 31801 0 32725 0 345565 0 0 0 CHRISTOPHER FERGUSON VICE PRESIDENT-CONSUMER LENDING 220315 0 0 0 1776 0 8844 0 32418 0 263353 0 0 0 BRIAN CRUM VICE PRESIDENT - REAL ESTATE, SERVICING AND CREDIT 225032 0 0 0 4305 0 6705 0 24872 0 260914 0 0 0 MICHELLE BAKER CHIEF PEOPLE OFFICER 193237 0 15000 0 3194 0 8523 0 11751 0 231705 0 0 0 KRISTI LOWELL CHIEF MARKETING AND COMMUNITY OFFICER 196618 0 15000 0 3739 0 9622 0 2344 0 227323 0 0 0 Schedule J, Part I, Line 1a Kevin Hunt, Chairman; Tracy Mills, Vice Chairman; Chris Hagenow, Secretary; Rick Rambo, Treasurer; JoDee Curtis, Director; Kelly Wilson, Director; John Gallina, Director; Lori Winkler, Director received a benefit for travel for companions, the appropriate tax forms were filed based on the appropriate thresholds. SHIEL SEXTON COMPANY INC KEVIN HUNT-CHAIRMAN 469276 GENERAL CONSTRUCTION 0 SOFTWARE ENGINEERING PROFESSIONALS KELLY WILSON-DIRECTOR 299349 TECHNOLOGY SERVICES 0 PACERS SPORTS & ENTERTAINMENT DONNA WILKINSON-DIRECTOR 136505 ADVERTISING 0 KATHLEEN PIERCEFIELD SPOUSE OF KEY EMPLOYEE 111736 COMPENSATION OF EMPLOYEE 0 Schedule L, Part IV THE INDIVIDUAL BOARD MEMBERS LISTED HERE WERE NOT INVOLVED IN FORUM CREDIT UNION'S DISCUSSIONS AND WERE NOT ELIGIBLE TO VOTE ON THE DECISION TO USE THEIR COMPANY. Form 990, Part VI, Section A, Line 6 There is one class of members. Members have the right to elect the board and supervisory committee at the annual membership meeting. Form 990, Part VI, Section A, Line 7a Each member owns one share and can only vote once. Members have the opportunity to vote at the annual meeting on nominees for the board positions selected by then nominating committee. The board appoints from within itself members of the nominating committee. Should a board position have more than one candidate, a ballot would be mailed 60 days prior to the annual meeting to all voting members. The ballot must be returned five days prior to the annual meeting. All ballots would be verified and tallied. The results of the ballots would be announced at the annual meeting. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared internally and reviewed by an independent tax return preparer prior to filing the return. Senior management and the treasurer conducts an initial review of the Form 990 and then the board treasurer provides copies of the return of the board and responds to any questions that arise. Form 990, Part VI, Section B, Line 12c Board member, officers and key employees review the conflict of interest policy annually to disclose potential conflicts. Board members do not participate in voting matters where conflicts of interest exist. The board Chairman ensures the practice is upheld. Likewise, officers and key employees with conflicts of interest shall disclose the matter to the CEO and Chairman of the Board of Directors. The individual shall make no decisions or take any actions with respect to the matter unless authorized by the CEO and/or Board of Directors. The Officer, Director, or key employees may be asked to resign or end the conflict. Form 990, Part VI, Section B, Line 15 The Compensation Committee and the board review the CEO's salary and benefits annually. Then approximately every two years the committee uses compensation surveys with criteria on similar size organizations in its decision making process. All deliberations and decisions regarding the compensation and benefits are included in committee minutes. The last survey was performed in 2024. Form 990, Part VI, Section C, Line 19 Governing documents and the conflict or interest policy are not required disclosures pursuant to IRC section 6104. These documents are not available to the public this at this time. The Form 990 which includes the financial statements is made available upon request. Form 990, Part XI, Line 5 Change in unrealized (loss)/gain on available for sale securities is $109,578. FORUM SOLUTIONS LLC PO BOX 50738 INDIANAPOLIS IN 46250 208174999 INVESTMENT MGMT & INSURANCE REFERRAL IN 2540943 873855 FORUM CREDIT UNION FORUM CREDIT UNION FOUNDATION INC 11313 USA PARKWAY FISHERS IN 46037 463086648 EDUCATIONAL GRANTS AND SCHOLARSHIPS IN 501(C)(3) PRIVATE FOUNDATION FORUM CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 FORUM CREDIT UNION FOUNDATION INC b 165000 Cash position of FORUM Credit Union. FORUM CREDIT UNION FOUNDATION INC n 19143 Cash position of FORUM Credit Union. FORUM CREDIT UNION FOUNDATION INC o 19143 Cash position of FORUM Credit Union. FORUM CREDIT UNION FOUNDATION INC q 19143 Cash position of FORUM Credit Union.