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1 star rating based on 1 review.

FORUM Credit Union

FORUM Credit Union Locations
11313 USA Parkway
Fishers, IN 46037
317-558-6000
www.forumcu.com

NCUA


FORUM Credit Union is headquartered in Indianapolis and is the 6th largest credit union in the state of Indiana. It is also the 212st largest credit union in the nation. It was established in 1941 and as of December of 2012, it had grown to 274 employees and 110,560 members. FORUM Credit Union's savings rates are 4X the national average, and it boasts a 5-star health rating.

Related Posts

3.75% Reward Checking Account at FORUM Credit Union in Indiana - 4/14/2009

Update 6/07/09: The top rate has fallen to 3.75% APY.FORUM Credit Union is offering a reward checking account called Interest Rewards Checking that pays 3.75% APY on balances up to $25,000 if the following monthly requirements are met:10 signature based...

Zopa, the Person-to-Person Lender, Partners with Credit Unions to Offer High Yield CDs - 12/6/2007

Update: Zopa Ends Operations in the US. According to Zopa's blog,Zopa’s US customers’ deposit accounts continue to be insured by the NCUA up to $250,000, and servicing of those accounts as well as the loans will be assumed by the credit unions within 90...

5.50% 17-Month / 5.50% 21-Month CD at an Indiana CU (Forum) - 7/30/2007

Forum Credit Union is offering a 5.50% APY certificate special with terms from 17 to 21 months. The minimum deposit is $500, and it's available as a regular or an IRA certificate. There's also a 5.30% APY CD special available for 7, 8 or 9 month terms....



See Rates for: Checking | Savings | Money Market | CD | IRA

FORUM Credit Union Checking Account Rates

ApyMinMaxProduct
1.50%-$25kYOUR Checking

FORUM Credit Union Savings Account Rates

ApyMinMaxProduct
2.00%--CommonCents Savings
0.60%$7,500-Health Savings Money Market Account
0.40%$75k-IRA Savings
0.40%$75k-Roth IRA Savings
0.40%$75k-Coverdell Education Savings Account
0.30%$25-Weekly 5 Club
0.10%$100-Regular Savings
0.10%$100-Special Savings
0.10%--Santa Savings
0.00%--Health Savings Account

FORUM Credit Union Money Market Rates

ApyMinMaxProduct
0.40%$250k-Platinum Money Market Account
0.30%--Crossover Money Market Account
0.15%$50k-Prestige Money Market Account

FORUM Credit Union CD Rates

ApyMinMaxProduct
1.50%$500-72 Month CD
1.50%$500-84 Month CD
1.50%$500-96 Month CD
1.50%$500-108 Month CD
1.50%$500-120 Month CD
1.15%$500-60 Month CD
1.00%$500-33 Month CD FLEX
0.75%$500-48 Month CD
0.55%$500-36 Month CD
0.50%$500-16 Month CD AWARE
0.35%$500-24 Month CD
0.25%$500-15 Month CD FLEX
0.25%$500-18 Month CD
0.20%$500-12 Month CD
0.12%$500-6 Month CD
0.08%$500-91 Day CD

FORUM Credit Union IRA Rates

ApyMinMaxProduct
1.75%$500-60 Month Liquid IRA
1.75%$500-60 Month Liquid Roth IRA
1.75%$500-60 Month Liquid CESA
1.50%$500-72 Month IRA
1.50%$500-84 Month IRA
1.50%$500-96 Month IRA
1.50%$500-108 Month IRA
1.50%$500-120 Month IRA
1.50%$500-72 Month Roth IRA
1.50%$500-84 Month Roth IRA
1.50%$500-96 Month Roth IRA
1.50%$500-108 Month Roth IRA
1.50%$500-120 Month Roth IRA
1.50%$500-72 Month CESA
1.50%$500-84 Month CESA
1.50%$500-96 Month CESA
1.50%$500-108 Month CESA
1.50%$500-120 Month CESA
1.15%$500-60 Month IRA
1.15%$500-60 Month Roth IRA
1.15%$500-60 Month CESA
1.00%$500-33 Month CESA FLEX
1.00%$500-33 Month IRA FLEX
1.00%$500-33 Month Roth IRA FLEX
0.75%$500-48 Month IRA
0.75%$500-48 Month Roth IRA
0.75%$500-48 Month CESA
0.55%$500-36 Month IRA
0.55%$500-36 Month Roth IRA
0.55%$500-36 Month CESA
0.50%$500-16 Month IRA AWARE
0.50%$500-16 Month Roth IRA AWARE
0.50%$500-16 Month CESA AWARE
0.35%$500-24 Month IRA
0.35%$500-24 Month Roth IRA
0.35%$500-24 Month CESA
0.25%$500-15 Month IRA FLEX
0.25%$500-18 Month IRA
0.25%$500-15 Month Roth IRA FLEX
0.25%$500-18 Month Roth IRA
0.25%$500-15 Month CESA FLEX
0.25%$500-18 Month CESA
0.20%$500-12 Month IRA
0.20%$500-12 Month Roth IRA
0.20%$500-12 Month CESA
0.12%$500-6 Month IRA
0.12%$500-6 Month Roth IRA
0.12%$500-6 Month CESA
0.08%$500-91 Day IRA
0.08%$500-91 Day Roth IRA
0.08%$500-91 Day CESA

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


FORUM
NCUA #68248
BankRate ReportView
Year Chartered1941
Employees274
Primary Regulator

Assets and Liabilities

Assets$937.45 million
Loans$677.18 million
Deposits$706.08 million
Equity Capital$109.97 million
Loan Loss Allowance$10.05 million
Unbacked Noncurrent Loans$2.28 million
Real Estate Owned$2.54 million

Historic Data - December 2011

Assets$906.97 million
Equity Capital$95.63 million
Loan Loss Allowance$12.47 million
Unbacked Noncurrent Loans$13.67 million
Real Estate Owned$2.97 million

Profit Margin - Quarterly

Net Interest Margin4.54%
Return on Assets1.53%
Return on Equity13.04%
Interest Income$35.26 million
Non-Interest Income$22.75 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 FORUM Credit Union had $4.82 million in non-current loans and owned real-estate with $120.02 million in equity and loan loss allowances on hand to cover it. This gives FORUM Credit Union a Texas Ratio of 4.02% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for FORUM Credit Union decreased significantly from 15.39% as of December 31, 2011 to 4.02% as of December 31, 2012, resulting in a positive change of 73.89%.This indicates that the balance sheet and financial strength for FORUM Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, FORUM Credit Union has increased its total deposits by $56.41 million, resulting in 8.68% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth FORUM Credit Union has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. FORUM Credit Union has $937.45 million in assets with $120.02 million in equity, resulting in a capitalization level of 12.80%, which is excellent.
Write Review

Forum Is All About The Fees
1 stars - formerMember - Wednesday, October 26, 2011 - 9:15 AM

I have been with Forum for awhile, and it is past time to switch to another financial institution. Forum is definitely about finding ways to charge fees for their customers. Unlike some other financial institutions, they will credit your deposit last, after taking out your transactions, to cause you to incur fees. Also, they don't limit the number of NSF fees they charge per day (Chase charges a max of 3), so each check/debit they process that day will be an extra $39 after the overdraft fee and transaction fee. I don't know how many times they have given me fees, even though I have made a large deposit that day, because they take transactions out first. Huntington Bank with it's 24-hour grace, here I come!

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