Nonprofit · EIN 35-0779057
FORUM CREDIT UNION
Also known as Marion County 4H Wayne Township 4H
Tax-exempt · INDIANAPOLIS, IN 46250
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $144,668,455 | $119,619,367 | $25,049,088 | $2,173,451,335 | $1,907,079,088 | $266,372,247 |
| December 31, 2023 | 990 | $121,977,660 | $96,142,707 | $25,834,953 | $2,061,308,465 | $1,820,094,884 | $241,213,581 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $130,119,879
- Investment income
- $11,993,108
- Net rental income
- $14,525
- Net gain from sales of assets
- -$74,168
- Other revenue
- $2,555,468
Expenses
- Grants and similar amounts paid
- $165,000
- Compensation of officers, directors and key employees
- $3,285,441
- Other salaries and wages
- $28,975,425
- Salaries, compensation and benefits (total)
- $41,273,415
- Professional fundraising fees
- $0
- Legal fees
- $74,803
- Accounting fees
- $165,609
- Occupancy
- $3,748,350
- Travel
- $34,643
- Depreciation
- $3,705,052
Balance sheet and other
- Total assets, start of year
- $2,061,308,465
- Total assets, end of year
- $2,173,451,335
- Total liabilities, end of year
- $1,907,079,088
- Net assets, end of year
- $266,372,247
- Land, buildings and equipment
- $30,457,396
- Publicly traded securities
- $7,325,939
- Gross unrelated business income
- $2,428,860
- Gross receipts
- $145,250,131
- Employees
- 460
- Volunteers
- 12
- Year formed
- 1941
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS TRUE | CHIEF EXECUTIVE OFFICER Officer | 40 | $730,163 | $60,360 |
| BENJAMEN BANKS | FINANCIAL ADVISOR- PCG Highest-paid employee | 40 | $410,047 | $69,562 |
| JEFFRY WELCH | CHIEF FINANCIAL OFFICER Officer | 40 | $406,121 | $36,768 |
| CHARLES ANDREW MATTINGLY | CHIEF OPERATING OFFICER Officer | 40 | $356,358 | $71,969 |
| JENNIFER BUDREAU | CHIEF OPERATING OFFICER Officer | 40 | $381,857 | $16,503 |
| CAMERON PIERCEFIELD | CHIEF TECHNOLOGY AND RISK OFFICER Key employee | 40 | $363,882 | $31,359 |
| JIM CARR | SENIOR VICE PRESIDENT - COMMERCIAL & INVESTMENT SERVICES Highest-paid employee | 40 | $311,259 | $53,013 |
| TAMMY MARRS | FINANCIAL ADVISOR Highest-paid employee | 40 | $308,738 | $55,147 |
| ANDREW SPIRRISON | CHIEF MEMBER EXPERIENCE OFFICER Key employee | 40 | $281,039 | $64,526 |
| CHRISTOPHER FERGUSON | VICE PRESIDENT-CONSUMER LENDING Highest-paid employee | 40 | $222,091 | $41,262 |
| BRIAN CRUM | VICE PRESIDENT - REAL ESTATE, SERVICING AND CREDIT Highest-paid employee | 40 | $229,337 | $31,577 |
| MICHELLE BAKER | CHIEF PEOPLE OFFICER Key employee | 40 | $211,431 | $20,274 |
| KRISTI LOWELL | CHIEF MARKETING AND COMMUNITY OFFICER Key employee | 40 | $215,357 | $11,966 |
| KELLY WILSON | DIRECTOR Trustee or director | 5 | $6,170 | $0 |
| TRACY MILLS | VICE CHAIRMAN Trustee or director, Officer | 5 | $4,943 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN GALLINA | DIRECTOR Trustee or director | 5 | $3,875 |
| JODEE CURTIS | DIRECTOR Trustee or director | 5 | $3,672 |
| RICK RAMBO | TREASURER Trustee or director, Officer | 5 | $2,446 |
| LORI WINKLER | DIRECTOR Trustee or director | 5 | $2,187 |
| KEVIN HUNT | CHAIRMAN Trustee or director, Officer | 5 | $1,267 |
| CHRIS HAGENOW | SECRETARY Trustee or director, Officer | 5 | $940 |
| DONNA WILKINSON | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS TRUE | CHIEF EXECUTIVE OFFICER Officer | 40 | $665,136 | $65,626 |
| BENJAMEN BANKS | FINANCIAL ADVISOR- PCG Highest-paid employee | 40 | $373,176 | $67,667 |
| JEFFRY WELCH | CHIEF FINANCIAL OFFICER Officer | 40 | $389,185 | $35,074 |
| CHARLES ANDREW MATTINGLY | CHIEF OPERATING OFFICER Officer | 40 | $343,333 | $65,857 |
| CAMERON PIERCEFIELD | CHIEF TECHNOLOGY AND RISK OFFICER Key employee | 40 | $349,455 | $41,111 |
| JENNIFER BUDREAU | CHIEF OPERATING OFFICER Officer | 40 | $351,104 | $26,930 |
| JIM CARR | SENIOR VICE PRESIDENT - COMMERCIAL & INVESTMENT SERVICES Highest-paid employee | 40 | $294,574 | $49,469 |
| TAMMY MARRS | FINANCIAL ADVISOR Highest-paid employee | 40 | $275,829 | $57,846 |
| MICHELLE ADRIAN | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $288,101 | $29,404 |
| ANDREW SPIRRISON | CHIEF MEMBER EXPERIENCE OFFICER Key employee | 40 | $227,989 | $61,878 |
| CHRISTOPHER FERGUSON | VICE PRESIDENT-CONSUMER LENDING Highest-paid employee | 40 | $213,429 | $40,246 |
| JODEE CURTIS | DIRECTOR Trustee or director | 5 | $6,358 | $0 |
| KELLY WILSON | DIRECTOR Trustee or director | 5 | $4,250 | $0 |
| KEVIN HUNT | CHAIRMAN Trustee or director, Officer | 5 | $946 | $0 |
| RICK RAMBO | TREASURER Trustee or director, Officer | 5 | $796 | $0 |
| TRACY MILLS | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| CHRIS HAGENOW | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| LORI WINKLER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DONNA WILKINSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JOHN GALLINA | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 50738, INDIANAPOLIS, IN 46250-0738
- In care of
- % NATALIE CRUSE
- Mailing address (990-N for 2013)
- 925 Texarkana Dr, Indianapolis IN 46231
- Principal officer (990 for 2024)
- Doug True, PO Box 50738, Indianapolis, IN 46250
- Principal officer (990-N for 2013)
- Dave Carter, 1220 S High School Rd, Indianapolis IN 46241
- Signed the 990
- Jeffry Welch, Chief Financial Officer
- Phone
- (317) 558-6000
- Website
- waynetownship4h.org
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0779057
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $2,173,451,335
- Income (IRS master file)
- $145,250,131
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $144,668,455 | $119,619,367 | $2,173,451,335 | XML |
| 990 | December 2023 | $121,977,660 | $96,142,707 | $2,061,308,465 | XML |
| 990 | December 2022 | $95,569,110 | $74,186,755 | $1,997,992,008 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2013 Officer: Dave Carter | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0779057).
Questions about FORUM CREDIT UNION
- What is the EIN of FORUM CREDIT UNION?
- The employer identification number (EIN) of FORUM CREDIT UNION is 35-0779057.
- Is FORUM CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to FORUM CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FORUM CREDIT UNION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FORUM CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORUM CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FORUM CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Doug True.
- Who are the officers and directors of FORUM CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 22 people; 21 received compensation from the organization, the highest $730,163 (DOUGLAS TRUE, CHIEF EXECUTIVE OFFICER).
- How much revenue does FORUM CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $144,668,455, expenses of $119,619,367 and total assets of $2,173,451,335 at year end.
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