FORUM Credit Union is headquartered in Fishers and is the 7th largest credit union in the state of Indiana. It is also the 226th largest credit union in the nation. It was established in 1941 and as of December of 2020, it had grown to 352 employees and 162,326 members at 14 locations. FORUM Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
I've been a member for a long time now, the overall service is wonderful, and the people and staff are extremely friendly. I recommend this Credit Union to everyone. I wrote this because I saw a nasty review from someone who had a problem taking responsibly for their own finances. If people like this would spend more time watching their own finances vs. writing uncalled-for hate mail to a business that is truly loved by most, they would be a much happier person. Thanks Forum for doing a great job.
This financial institution is locally operated which I appreciate. I had once accidentally overdrawn my account from not cancelling an auto-pay of some kind and I went in person to speak to someone about having the charges reversed. I was unsure if they would do so, but I thought it never hurt to try. Not having ready access to a babysitter, I had to bring all three of my children in and wait on a busy Monday morning. While in line, I was offered not only a lollipop for each of my children, but also a coloring book that they happened to have behind the counter. Once I was able to speak to speak to someone about my account, they ended up reversing the overdraft and I was so happy they could do so.
My bank whom I love! No fees, simple and local. Great for your banking needs. The tellers are very friendly, and a few remember me by name.
Looks like they quit offering the special as of 7/6/15. More on this later. I am working out an issue with them about this rate on an IRA transfer.
Later - they did step up and honored the IRA transfer rate, but I did have to escalate it up to get it done. So I have to give them high marks after all.
Overall | |
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NCUA # | 68248 |
Year Chartered | 1941 |
Employees | 352 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.83% |
Return on Equity - YTD | 8.02% |
Annual Interest Income | $63.2MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $1.71B$1.49B |
Loans | Q4 2020vs Q4 2019 | $1.43B$1.30B |
Deposits | Q4 2020vs Q4 2019 | $1.41B$1.21B |
Equity Capital | Q4 2020vs Q4 2019 | $176.1MM$162.3MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $18.0MM$14.3MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $2.8MM$4.3MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $446.00K$405.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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1.00% | - | $25k | YOUR Checking Dividend Rewards Selection - Qualifying | ||
0.25%* | $100k* | - | Business Analysis Checking | ||
OTHER TIERS: 0.05% → $25k - $50k | 0.15% → $50k - $100k |