FORUM CREDIT UNION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- FORUM CREDIT UNION (EIN 35-0779057)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-13
- IRS object ID
- 201433179349306073
- Schema version
- 2013v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-13T05:20:42-00:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM Credit Union | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 50738 11313 USA Parkway | AddressLine1 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350779057 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FORU | BusinessNameControlTxt |
| Phone | 3175586000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 50738 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jeffry Welch | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 3175586238 | PhoneNum |
| Signature | 2014-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Julia Clark CPA | PreparerPersonNm |
| Phone | 3175586216 | PhoneNum |
| Preparation | 2014-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Address PrincipalOfcrBusinessAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOUGLAS TRUE | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 50738 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $52,633,070 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.FORUMCU.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1941 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | FORUM CREDIT UNIONS MISSION IS TO BE AN INNOVATIVE, DYNAMIC, RESPONSIVE FINANCIAL SERVICES ORGANIZATION THAT PROVIDES PRODUCTS AND SERVICES THAT CREATE VALUE FOR ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 370 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $1,119,353 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $64,022 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $55,665,708 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $49,860,185 | CYProgramServiceRevenueAmt |
| PY Investment Income | $492,598 | PYInvestmentIncomeAmt |
| CY Investment Income | $765,113 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,098,901 | PYOtherRevenueAmt |
| CY Other Revenue | $1,131,668 | CYOtherRevenueAmt |
| PY Total Revenue | $57,257,207 | PYTotalRevenueAmt |
| CY Total Revenue | $51,756,966 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $350,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,552,853 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,599,077 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $25,510,221 | PYOtherExpensesAmt |
| CY Other Expenses | $27,719,996 | CYOtherExpensesAmt |
| PY Total Expenses | $43,063,074 | PYTotalExpensesAmt |
| CY Total Expenses | $47,669,073 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $14,194,133 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,087,893 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $939,688,685 | TotalAssetsBOYAmt |
| Total Assets EOY | $933,768,411 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $829,682,082 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $819,479,820 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $110,006,603 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $114,288,591 | NetAssetsOrFundBalancesEOYAmt |
| Mission | FORUM IS A 501C14 EXEMPT ORGANIZATION THAT IS OPERATED FOR MUTUAL PUPOSES AND WITHOUT PROFIT THAT 1PROMOTE THRIFT AMONG MEMBERS AND 2PROVIDE 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | 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, AUTO 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 472 MILLION IN LOANS PER YEAR IN ITS EFFORTS TO MEET MEMBERS LENDING NEEDS. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (true) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 35680 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 370 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JULIA CLARK | PersonNm |
| Phone | 3175586216 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA PARKWAY | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| RICK RAMBO | |||||||||
| TREASURER | 005.00 | Yes (X) | Yes (X) | $1,568 | $0 | $0 | |||
| TRACY MILLS | |||||||||
| SECRETARY | 005.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MAX FALL | |||||||||
| VICE CHAIRMAN | 005.00 | Yes (X) | Yes (X) | $1,617 | $0 | $0 | |||
| JOHN DIERDORF | |||||||||
| CHAIRMAN | 005.00 | Yes (X) | Yes (X) | $1,120 | $0 | $0 | |||
| MARK MITCHELL | |||||||||
| DIRECTOR | 005.00 | Yes (X) | $0 | $0 | $0 | ||||
| DOREEN LONG | |||||||||
| DIRECTOR | 005.00 | Yes (X) | $712 | $0 | $0 | ||||
| KEVIN HUNT | |||||||||
| DIRECTOR | 005.00 | Yes (X) | $0 | $0 | $0 | ||||
| SANDRA HOLLINGSHEAD | |||||||||
| DIRECTOR | 005.00 | Yes (X) | $1,277 | $0 | $0 | ||||
| JOHN GALLINA | |||||||||
| DIRECTOR | 005.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHRISTOPHER HAGENOW | |||||||||
| DIRECTOR | 005.00 | Yes (X) | $0 | $0 | $0 | ||||
| DOUGLAS TRUE | |||||||||
| CHIEF EXECUTIVE OFFICER | 040.00 | Yes (X) | $351,282 | $0 | $131,127 | ||||
| JEFFRY WELCH | |||||||||
| CHIEF FINANCIAL OFFICER | 040.00 | Yes (X) | $215,002 | $0 | $68,490 | Yes (X) | |||
| CHARLES ANDREW MATTINGLY | |||||||||
| CHIEF OPERATING OFFICER | 040.00 | Yes (X) | $215,998 | $0 | $69,045 | ||||
| JENNIFER BUDREAU | |||||||||
| CHIEF OPERATING OFFICER | 040.00 | Yes (X) | $224,695 | $0 | $68,086 | ||||
| MICHAEL PETERSON | |||||||||
| CHIEF RISK OFFICER | 040.00 | $240,805 | $0 | $98,018 | Yes (X) | ||||
| CAMERON PIERCEFIELD | |||||||||
| CHIEF INFORMATION OFFICER | 040.00 | $168,575 | $0 | $48,733 | Yes (X) | ||||
| JIM CARR | |||||||||
| VICE PRESIDENT-COMMERCIAL GROUP | 040.00 | $174,796 | $0 | $36,310 | Yes (X) | ||||
| JIM JARZYNSKI | |||||||||
| VICE PRESIDENT-COLLECTIONS | 040.00 | $156,551 | $0 | $30,861 | Yes (X) | ||||
| RICHARD RIDENOUR | |||||||||
| VICE PRESIDENT - PCG | 040.00 | $166,332 | $0 | $15,900 | Yes (X) | ||||
| BENJAMEN BANKS | |||||||||
| FINANCIAL ADVISOR | 040.00 | $152,314 | $0 | $31,548 | Yes (X) | ||||
| WENDY MCCLELLAN | |||||||||
| MORTGAGE ORIGINATOR | 040.00 | $146,390 | $0 | $130 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,219,034 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $598,248 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ADAPT TELEPHONY SERVICES LLC | |||||
| 600 ENTERPRISE DR - STE 204 | OAK BROOK | IL | 60523 | TELEPHONE | $237,695 |
| ENCORE ONE LLC | |||||
| 405 SOUTTH OAK ST | MARYSVILLE | OH | 43040 | CLEANING SERVICES | $196,033 |
| FIRST AMERICAN DATA TREE LLC | |||||
| PO BOX 731211 | DALLAS | TX | 75373 | PROPERTY RECORD DATA | $161,680 |
| RESOURCE PROPERTY MGMT LLC | |||||
| 960 E 96TH ST - STE 350 | INDIANAPOLIS | IN | 42640 | PROPERTY MANAGEMENT | $329,114 |
| TRIBUNE BROADCASTING INDIANAPOLIS | |||||
| 6910 NETWORK PLACE | INDIANAPOLIS | IN | 46279 | ADVERTISING SERVICES | $187,275 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST AND FEES ON LOANS | 522100 | $32,558,532 | $32,492,335 | $66,197 |
| SERVICE FEES ON SHARE ACCOUNTS | 522100 | $7,180,020 | $7,065,039 | $114,981 |
| DEBIT AND CREDIT CARD FEES | 522210 | $5,891,163 | $5,891,163 | |
| MORTGAGE BANKING | 522292 | $3,884,298 | $3,884,298 | |
| INSURANCE | 524298 | $346,172 | $290,120 | $56,052 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $49,860,185 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,092,776 | TotalRevenueColumnAmt |
| Exclusion | $1,092,776 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $438,054 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $548,441 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$110,387 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$110,387 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$153,297 | UnrelatedBusinessRevenueAmt |
| Exclusion | $263,684 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $327,663 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$327,663 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$327,663 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$327,633 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| ACCOUNTING TAX CONSULTING | 541200 | $76,275 | $76,275 | |
| INVESTMENT ADVISORY FEES | 523930 | $959,310 | $959,310 | |
| OTHER FEES | $206,470 | -$165 | $206,635 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,242,055 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,756,966 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $49,501,957 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,119,353 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,356,460 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $350,000 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,130,893 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,347,725 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $504,373 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,440,294 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,175,792 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,286 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,961 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,953,278 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,124,379 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,578,546 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,510,637 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,542 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $500,098 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,301,407 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,553,611 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $309,471 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSSES RECOVERY | $1,214,766 |
| COLLECTION AND OTHER LOAN EXPENSES | $3,388,393 |
| CORRESPONDENT SERVICE EXPENSE | $385,045 |
| INCOME TAX | $568,003 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,045,573 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,669,073 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,060,070 | BOYAmt |
| EOY | $7,197,917 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,650,427 | BOYAmt |
| EOY | $67,492,575 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $680,326,757 | BOYAmt |
| EOY | $716,128,760 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $60,357,107 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $27,761,811 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,796,889 | BOYAmt |
| EOY | $32,595,296 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,039,094 | BOYAmt |
| EOY | $69,090,414 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,801,800 | BOYAmt |
| EOY | $8,801,800 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,013,648 | BOYAmt |
| EOY | $32,461,649 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $939,688,685 | BOYAmt |
| EOY | $933,768,411 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,623,261 | BOYAmt |
| EOY | $14,234,020 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,438,023 | BOYAmt |
| EOY | $77,813,448 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $708,620,798 | BOYAmt |
| EOY | $727,432,352 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $829,682,082 | BOYAmt |
| EOY | $819,479,820 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,006,603 | BOYAmt |
| EOY | $114,288,591 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,006,603 | BOYAmt |
| EOY | $114,288,591 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $939,688,685 | BOYAmt |
| EOY | $933,768,411 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,087,893 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $164,885 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $29,210 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $3,025 | PoliticalExpendituresAmt |
| Internal Funds Contributed | $3,025 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $3,025 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (true) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Paid Internal FundsPaidInternalFundsAmt |
|---|---|---|---|---|---|
| INDIANA CREDIT UNION LEAGUE PAC | |||||
| PO BOX 50425 | INDIANAPOLIS | IN | 46250 | 237305600 | $2,000 |
| GREATER INDIANAPOLIS CHAMBER OF COMMERCE | |||||
| 111 MONUMENT CIR | INDIANAPOLIS | IN | 46204 | 322106949 | $25 |
| INDIANA BUSINESS FOR RESPONSIVE GOVERNMENT | |||||
| 115 W WASHINGTON ST STE 850 S | INDIANAPOLIS | IN | 46204 | 351789566 | $1,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | I-C 2 | FormAndLineReferenceDesc |
| Explanation | FORUM CREDIT UNION CONTRIBUTED 2,000 TO THE INDIANA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 25 TO THE GREATER INDIANAPOLIS CHAMBER OF COMMERCE BUSINESS ADVOCACY COMMITTEE PAC AND 1,000 TO THE INDIANA BUSINESS FOR RESPONSIVE GOVERNMENT PAC. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,658,044 | OtherCostOrOtherBasisAmt |
| Book Value | $5,658,044 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,011,698 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,871,879 | DepreciationAmt |
| Book Value | $23,139,819 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,330,820 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,882,842 | DepreciationAmt |
| Book Value | $447,978 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,356,545 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,007,090 | DepreciationAmt |
| Book Value | $3,349,455 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $32,595,296 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Income Tax Liability | $96,500 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | $96,500 |
| MEMBERS SHARE ACCOUNTS | $727,335,852 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $727,432,352 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | X 2 | FormAndLineReferenceDesc |
| Explanation | MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITION UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM Credit Union Foundation Inc | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA Parkway | AddressLine1 |
| City | Fishers | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 463086648 | RecipientEIN |
| IRC Section | 501c3 | IRCSectionDesc |
| Cash Grant | $350,000 | CashGrantAmt |
| Purpose Of Grant | Scholarships and Teacher grant | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I Line 2 | FormAndLineReferenceDesc |
| Explanation | FORUM CREDIT UNION DONATES TO ITS RELATED ORGANIZATION FORUM CREDIT UNION FOUNDATION, INC. THE FOUNDATIONS BOARD IS CONTROLLED BY THE FILING ORGANIZATION AND MAKES THE GRANT DECISIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt |
|---|---|---|---|---|---|---|---|
| DOUGLAS TRUE | |||||||
| CHIEF EXECUTIVE OFFICER | $272,162 | $76,505 | $2,616 | $27,604 | $27,017 | $405,904 | $65,313 |
| JEFFRY WELCH | |||||||
| CHIEF FINANCIAL OFFICER | $179,002 | $33,000 | $3,001 | $9,006 | $26,483 | $250,492 | $33,000 |
| CHARLES ANDREW MATTINGLY | |||||||
| CHIEF OPERATING OFFICER | $181,039 | $33,000 | $1,958 | $8,801 | $27,243 | $252,041 | $33,000 |
| JENNIFER BUDREAU | |||||||
| CHIEF OPERATING OFFICER | $188,679 | $33,000 | $3,016 | $24,637 | $10,449 | $259,781 | $33,000 |
| MICHAEL PETERSON | |||||||
| CHIEF RISK OFFICER | $186,616 | $48,633 | $5,556 | $27,256 | $22,128 | $290,189 | $33,000 |
| CAMERON PIERCEFIELD | |||||||
| CHIEF INFORMATION OFFICER | $134,579 | $33,000 | $996 | $6,833 | $8,900 | $184,308 | $33,000 |
| JIM CARR | |||||||
| VICE PRESIDENT-COMMERCIAL GROUP | $170,810 | $2,000 | $1,986 | $7,424 | $26,885 | $209,105 | $2,000 |
| JIM JARZYNSKI | |||||||
| VICE PRESIDENT-COLLECTIONS | $152,981 | $2,000 | $1,570 | $6,523 | $22,338 | $185,412 | $2,000 |
| RICHARD RIDENOUR | |||||||
| VICE PRESIDENT - PCG | $164,203 | $2,000 | $129 | $6,067 | $7,833 | $180,232 | $2,000 |
| BENJAMEN BANKS | |||||||
| FINANCIAL ADVISOR | $152,314 | $6,493 | $25,055 | $183,862 | |||
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I Line 4b | DOUGLAS TRUE AND MICHAEL PETERSON PARTICIPATE IN A SECTION 457F DEFERRED COMPENSATION PLAN. DOUGLAS TRUE, JENNIFER BUDREAU, CHARLES MATTINGLY, AND JEFFRY WELCH PARTICIPATE IN A SEPARATE 457B DEFERRED COMPENSATION PLAN. THE ORGANIZATION MADE 0 CONTRIBUTIONS TO THE PLANS DURING THE YEAR. |
| Part I Line 1a | RICK RAMBO, TREASURER MAX FALL, VICE CHAIRMAN JOHN DIERDORF, CHAIRMAN DOREEN LONG, DIRECTOR AND SANDRA HOLLINGSHEAD, DIRECTOR RECEIVED A BENEFIT FOR TRAVEL FOR COMPANIONS. THE APPROPRIATE INFORMATIONAL RETURNS ARE FILED BASED ON THE APPROPRIATE THRESHOLDS. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| KELLI DIERDORF | |||
| FAMILY MBR OF CHAIRMAN | $67,638 | EMPLOYEE COMPENSATION | false |
| KATHLEEN PIERCEFIELD | |||
| FAMILY MBR OF KEY EMPLOYEE | $72,895 | EMPLOYEE COMPENSATION | false |
| CREDIT UNION CENTERS | |||
| SEE SUPPLEMENTAL INFORMATION | $128,362 | SHARED BRANCH SERVICES | false |
| LONG PRINTING SERVICES | |||
| BOARD MBR IS A PARTNER OF THE CO. | $165,573 | PRINTING SERVICES | false |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part IV Line 3 | FormAndLineReferenceDesc |
| Explanation | KRISTI LOWELL, VP-BRAND STRATEGY DEVELOPMENT IS A BOARD MEMBER OF CREDIT UNION SERVICES CENTERS, LLC | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, Line 4 | FOLLOWING IS A SUMMARY OF THE BYLAW CHANGESUPDATED THE FOLLOWING LANGUAGE FROM SHAREHOLDER TO MEMBERS REGARDING SHARESREGARDING EXPULSION/TERMINATION OF MEMBERSHIPREGARDING SIGNERS OF NOTES, CHECKS AND DRAFTS REGARDING UNSECURED LOANS/SECURITY REGARDING DIVIDENDS. CHANGED ANNUAL MEETING TO ANNUAL MEMBERS MEETING. ADDED THE FOLLOWING FORUMS WEBSITE FOR NOTIFICATION OF MEETINGS ELECTRONIC DEVICE FOR VOTING OPTION OPTION FOR EMAIL TO BE USED FOR NOTICE OF BALLOT TO MEMBERS IF THEY OPTED INDESCRIPTION OF VOTING PROCESSDESCRIPTION OF BALLOT AND MAIL BALLOT PROCESSLANGUAGE PERMITTING BOARD OF DIRECTORS TO AMEND BYLAWS SUBSECTION E ALLOWING BOARD TO DELEGATE PERFORMANCE OF DUTIES TO CEO SECTION 10 ALLOWING BOARD TO APPOINT AN EXECUTIVE COMMITTEE SECTION 11 ALLOWING BOARD TO TAKE ACTION WITHOUT MEETING IF ALL DIRECTORS CONSENT IN WRITING. REMOVED LANGUAGE REGARDING PASSBOOKS. |
| 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 MEMBERS 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 THE NOMINATING COMMITTEE. THE BOARD APPOINTS FROM WITHING 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 BALLOTS 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 TO THE BOARD AND RESPONDS TO ANY QUESTIONS THAT ARISE. |
| Form 990, Part VI, Section B, Line 12C | BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY TO DISCLOSE POTENTIAL CONFLICTS. BOARD MEMBERS DO NOT PARTICIPATE IN VOTING ON MATTERS WHERE CONFLICTS OF INTEREST EXIST. THE BOARD CHAIRMAN ENSURES THIS 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 DECISION OR TAKE ANY ACTIONS WITH RESPECT TO THE MATTER UNLESS AUTHORIZED BY THE CEO AND/OR BOARD OF DIRECTORS. THE OFFICER, DIRECTOR, OR KEY EMPLOYEEMAY BE ASKED TO RESIGN OR END THE CONFLICT. |
| Form 990, Part VI, Section B, Line 15A | THE COMPENSATION COMMITTEE AND THE BOARD REVIEWS THE CEOS SALARY AND BENEFITS ANNUALLY. APPROXIMATELY EVERY THREE 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 THE COMMITTEE MINTUES. THIE SURVEY WAS LAST PERFORMED IN 2011. |
| Form 990, Part VI, Section B, Line 19 | SUMMARY OF THE FINANCIAL STATEMENTS ARE AVAILABLE AT EACH BRANCH LOCATION. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
| Form 990, Part XI, Line 9 | CHANGE IN UNREALIZED POSTRETIREMENT BENEFIT TRANSITION OBLIGATION. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM PRIVATE CLIENT GROUP LLC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 50738 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208174999 | EIN |
| Primary Activities | INVESTMENT MGMT | PrimaryActivitiesTxt |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Total Income | $1,035,585 | TotalIncomeAmt |
| End Of Year Assets | $63,856 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM CREDIT UNION | BusinessNameLine1 |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM CREDIT UNION FOUNDATION INC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA PARKWAY | AddressLine1 |
| City | FISHERS | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463086648 | EIN |
| Primary Activities | EDUCATIONAL GRANTS | PrimaryActivitiesTxt |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | PRIVATE FOUNDATION | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIMI INC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA PARKWAY | AddressLine1 |
| City | FISHERS | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351714970 | EIN |
| Primary Activities | MORTGAGE LOANS | PrimaryActivitiesTxt |
| Legal Domicile State | IN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C Corp | EntityTypeTxt |
| Share Of Total Income | $178,207 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $3,230,617 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| FIMI INC | ||
| o | $57,897 | BY PERCENTAGE OF LOANS CLOSED |
| FIMI INC | ||
| q | $78,439 | BY PERCENTAGE OF LOANS CLOSED |
Comments