2014-11-13T05:20:42-00:00 2013-12-31 FORUM Credit Union PO Box 50738 11313 USA Parkway Indianapolis IN 46250 990 2013-01-01 350779057 FORUM CREDIT UNION FORU 3175586000 PO BOX 50738 INDIANAPOLIS IN 46250 Jeffry Welch Chief Financial Officer 3175586238 2014-11-13 true Julia Clark CPA 3175586216 2014-11-13 2013 2015-11-30 17:44:51Z DOUGLAS TRUE PO BOX 50738 INDIANAPOLIS IN 46250 52633070 false X WWW.FORUMCU.COM X 1941 IN 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. 9 7 370 12 1119353 64022 0 55665708 49860185 492598 765113 1098901 1131668 57257207 51756966 350000 0 17552853 19599077 0 0 25510221 27719996 43063074 47669073 14194133 4087893 939688685 933768411 829682082 819479820 110006603 114288591 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. false false 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. false false true false false false false false false true false false false true false false true false false false false false false false false false true false true false false false true true true false false false false true true true true false true 35680 0 true 370 true true true false false false false false X 9 7 false false true false true true false true true false true true true true true true true true true false false IN X JULIA CLARK 3175586216 11313 USA PARKWAY INDIANAPOLIS IN 46250 RICK RAMBO TREASURER 005.00 X X 1568 0 0 TRACY MILLS SECRETARY 005.00 X X 0 0 0 MAX FALL VICE CHAIRMAN 005.00 X X 1617 0 0 JOHN DIERDORF CHAIRMAN 005.00 X X 1120 0 0 MARK MITCHELL DIRECTOR 005.00 X 0 0 0 DOREEN LONG DIRECTOR 005.00 X 712 0 0 KEVIN HUNT DIRECTOR 005.00 X 0 0 0 SANDRA HOLLINGSHEAD DIRECTOR 005.00 X 1277 0 0 JOHN GALLINA DIRECTOR 005.00 X 0 0 0 CHRISTOPHER HAGENOW DIRECTOR 005.00 X 0 0 0 DOUGLAS TRUE CHIEF EXECUTIVE OFFICER 040.00 X 351282 0 131127 JEFFRY WELCH CHIEF FINANCIAL OFFICER 040.00 X X 215002 0 68490 CHARLES ANDREW MATTINGLY CHIEF OPERATING OFFICER 040.00 X 215998 0 69045 JENNIFER BUDREAU CHIEF OPERATING OFFICER 040.00 X 224695 0 68086 MICHAEL PETERSON CHIEF RISK OFFICER 040.00 X 240805 0 98018 CAMERON PIERCEFIELD CHIEF INFORMATION OFFICER 040.00 X 168575 0 48733 JIM CARR VICE PRESIDENT-COMMERCIAL GROUP 040.00 X 174796 0 36310 JIM JARZYNSKI VICE PRESIDENT-COLLECTIONS 040.00 X 156551 0 30861 RICHARD RIDENOUR VICE PRESIDENT - PCG 040.00 X 166332 0 15900 BENJAMEN BANKS FINANCIAL ADVISOR 040.00 X 152314 0 31548 WENDY MCCLELLAN MORTGAGE ORIGINATOR 040.00 X 146390 0 130 2219034 598248 25 true true false ADAPT TELEPHONY SERVICES LLC 600 ENTERPRISE DR - STE 204 OAK BROOK IL 60523 TELEPHONE 237695 ENCORE ONE LLC 405 SOUTTH OAK ST MARYSVILLE OH 43040 CLEANING SERVICES 196033 FIRST AMERICAN DATA TREE LLC PO BOX 731211 DALLAS TX 75373 PROPERTY RECORD DATA 161680 RESOURCE PROPERTY MGMT LLC 960 E 96TH ST - STE 350 INDIANAPOLIS IN 42640 PROPERTY MANAGEMENT 329114 TRIBUNE BROADCASTING INDIANAPOLIS 6910 NETWORK PLACE INDIANAPOLIS IN 46279 ADVERTISING SERVICES 187275 2 INTEREST AND FEES ON LOANS 522100 32558532 32492335 66197 SERVICE FEES ON SHARE ACCOUNTS 522100 7180020 7065039 114981 DEBIT AND CREDIT CARD FEES 522210 5891163 5891163 MORTGAGE BANKING 522292 3884298 3884298 INSURANCE 524298 346172 290120 56052 49860185 1092776 1092776 438054 548441 -110387 -110387 -153297 263684 327663 -327663 -327663 -327633 ACCOUNTING TAX CONSULTING 541200 76275 76275 INVESTMENT ADVISORY FEES 523930 959310 959310 OTHER FEES 206470 206635 -165 1242055 51756966 49501957 1119353 1356460 350000 0 0 0 1130893 0 14347725 504373 2440294 1175792 0 72286 203961 0 0 0 1953278 1124379 1578546 0 3510637 10542 0 500098 8301407 0 2553611 309471 PROVISION FOR LOAN LOSSES RECOVERY 1214766 COLLECTION AND OTHER LOAN EXPENSES 3388393 CORRESPONDENT SERVICE EXPENSE 385045 INCOME TAX 568003 2045573 47669073 8060070 7197917 127650427 67492575 680326757 716128760 60357107 27761811 33796889 32595296 49039094 69090414 8801800 8801800 32013648 32461649 939688685 933768411 13623261 14234020 107438023 77813448 708620798 727432352 829682082 819479820 X 110006603 114288591 110006603 114288591 939688685 933768411 X 4087893 164885 29210 X false true X true false 3025 3025 3025 true INDIANA CREDIT UNION LEAGUE PAC PO BOX 50425 INDIANAPOLIS IN 46250 237305600 2000 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 1000 I-C 2 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. false 5658044 5658044 37011698 13871879 23139819 2330820 1882842 447978 15356545 12007090 3349455 32595296 Financial derivatives and other financial products Closely-held equity interests 96500 Federal income taxes 96500 MEMBERS SHARE ACCOUNTS 727335852 727432352 X 2 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. true FORUM Credit Union Foundation Inc 11313 USA Parkway Fishers IN 46037 463086648 501c3 350000 Scholarships and Teacher grant 1 Part I Line 2 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. X true true X X X false true false DOUGLAS TRUE CHIEF EXECUTIVE OFFICER 272162 76505 2616 27604 27017 405904 65313 JEFFRY WELCH CHIEF FINANCIAL OFFICER 179002 33000 3001 9006 26483 250492 33000 CHARLES ANDREW MATTINGLY CHIEF OPERATING OFFICER 181039 33000 1958 8801 27243 252041 33000 JENNIFER BUDREAU CHIEF OPERATING OFFICER 188679 33000 3016 24637 10449 259781 33000 MICHAEL PETERSON CHIEF RISK OFFICER 186616 48633 5556 27256 22128 290189 33000 CAMERON PIERCEFIELD CHIEF INFORMATION OFFICER 134579 33000 996 6833 8900 184308 33000 JIM CARR VICE PRESIDENT-COMMERCIAL GROUP 170810 2000 1986 7424 26885 209105 2000 JIM JARZYNSKI VICE PRESIDENT-COLLECTIONS 152981 2000 1570 6523 22338 185412 2000 RICHARD RIDENOUR VICE PRESIDENT - PCG 164203 2000 129 6067 7833 180232 2000 BENJAMEN BANKS FINANCIAL ADVISOR 152314 6493 25055 183862 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. KELLI DIERDORF FAMILY MBR OF CHAIRMAN 67638 EMPLOYEE COMPENSATION false KATHLEEN PIERCEFIELD FAMILY MBR OF KEY EMPLOYEE 72895 EMPLOYEE COMPENSATION false CREDIT UNION CENTERS SEE SUPPLEMENTAL INFORMATION 128362 SHARED BRANCH SERVICES false LONG PRINTING SERVICES BOARD MBR IS A PARTNER OF THE CO. 165573 PRINTING SERVICES false Part IV Line 3 KRISTI LOWELL, VP-BRAND STRATEGY DEVELOPMENT IS A BOARD MEMBER OF CREDIT UNION SERVICES CENTERS, LLC 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. FORUM PRIVATE CLIENT GROUP LLC PO BOX 50738 INDIANAPOLIS IN 46250 208174999 INVESTMENT MGMT IN 1035585 63856 FORUM CREDIT UNION FORUM CREDIT UNION FOUNDATION INC 11313 USA PARKWAY FISHERS IN 46037 463086648 EDUCATIONAL GRANTS IN 501C3 PRIVATE FOUNDATION FORUM CREDIT UNION true FIMI INC 11313 USA PARKWAY FISHERS IN 46037 351714970 MORTGAGE LOANS IN FORUM CREDIT UNION C Corp 178207 3230617 1.00000 true false false false false false false false false false false false true false true true false true false false FIMI INC o 57897 BY PERCENTAGE OF LOANS CLOSED FIMI INC q 78439 BY PERCENTAGE OF LOANS CLOSED