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  4. Forrit Credit Union
EIN 93-0256538

Forrit Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
27
City
Portland
State
Oregon
Year formed
1936
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Forrit Credit Union offers solutions to enhance the financial life of each member through savings, investments, and consumer loan products with favorable rates and minimal fees. We also provide competitive-low fee services and organize education events to promote financial literacy. Our programs entail operating and maintaining a cooperative credit union owned by our members, along with paying interest and dividends on savings, certificate of deposit, and borrowings.
Related structure
Forrit Credit Union is child organization, under the parent exemption from State Chartered Credit Unions in Oregon.
Also known as...
Usagencies Credit Union
Total revenues
$3,668,740
2022
Total expenses
$3,773,118
2022
Total assets
$102,177,265
2022
Num. employees
27
2022

Program areas at Forrit Credit Union

Operations & maintenance of a cooperative credit union owned by its members.
Interest & dividends paid on savings, certificate of deposit and borrowings

Personnel at Forrit Credit Union

NameTitleCompensation
Justin OlsonChief Executive Officer and President$128,058
Kathleen ScholesVice President and Chief Financial Officer / Vice Presidentcfo$40,403
Wendy RussellDirector of Finance$92,900
Andrew AckmanDirector of It$95,176
Cindy PackardDirector of Member Services$93,068
...and 2 more key personnel

Financials for Forrit Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$3,387,718
Investment income and dividends$281,022
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,668,740

Form 990s for Forrit Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-09990View PDF
2021-122022-05-16990View PDF
2020-122021-04-21990View PDF
2018-122019-06-19990View PDF
2017-122018-10-16990View PDF
...and 9 more Form 990s

Organizations like Forrit Credit Union

OrganizationLocationRevenue
Valley Credit UnionSalem, OR$4,901,740
Gateway Credit UnionSpringfield, OR$1,197,484
Oregonians Credit UnionMilwaukie, OR$11,837,006
NW Priority Credit UnionPortland, OR$7,209,647
Sofcu Community Credit UnionCoquille, OR$10,652,673
Benton County Schools Credit UnionCorvallis, OR$1,932,696
Point West Credit UnionPortland, OR$5,970,956
Cascade Central Credit UnionHood River, OR$2,369,039
Riverdale Credit UnionSelma, AL$6,293,291
Cinco Family Financial Center CuCincinnati, OH$5,160,124
Data update history
July 3, 2023
Updated personnel
Identified 2 new personnel
July 1, 2023
Used new vendors
Identified 1 new vendor, including
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 6, 2023
Updated personnel
Identified 6 new personnel
January 14, 2021
Updated personnel
Identified 7 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
95 SW Taylor St
Portland, OR 97204
Metro area
Portland-Vancouver-Hillsboro, OR-WA
County
Multnomah County, OR
Phone
(503) 275-0300
IRS details
EIN
93-0256538
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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