Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1969.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
22 people listed on the 990; $4.5M paid to officers and key staff (Part VII, Section A).
Douglas True’s $730K as Chief Executive Officer is at the 37th percentile of top reported officer pay among 59 $100M+ public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jeffry Welch | $406,121 | $389,185 | $984,532 | $305,511 | $271,996 |
| Douglas True | $730,163 | $665,136 | $633,726 | $593,913 | $898,167 |
| Charles Andrew Mattingly | $356,358 | $343,333 | $314,567 | $763,504 | $273,387 |
| Michelle Adrian | — | $288,101 | $332,738 | $507,842 | $509,359 |
| Russell Wagoner | — | — | — | $307,263 | $472,558 |
| William Losh | — | — | — | $342,269 | $454,979 |
| Benjamen Banks | $410,047 | $373,176 | $386,336 | $383,234 | $358,940 |
| Jennifer Budreau | $381,857 | $351,104 | $326,329 | $298,541 | $283,556 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Forum Credit Union executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides innovative financial products and services to create member value.
Questions for Forum Credit Union
Your first name shows with your question. Forum Credit Union answers here, for everyone.
To promote thrift and responsible use of credit within the membership, forum provides several financial education opportunities including financial literacy content on the website, financial literacy videos, financial seminars, online budgeting tools, in branch activities and promotions geared to financial education.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-0779057) · Dispute this lineProviding 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 and personal loans.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-0779057) · Dispute this lineForum provides lending and depository services for small business owners. Forum offers several types of commercial loans including several of the small business administration (sba) loans to help small business owners grow their businesses.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 35-0779057) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $174.6M | $252.2M |
| InvestmentsLn 11–13 | $28.7M | $16.2M |
| Land, buildings, equipmentLn 10c | $31.9M | $30.5M |
| Total assetsLn 16 | $2.06B | $2.17B |
| LiabilitiesLn 26 | $1.82B | $1.91B |
| Net assetsLn 32 | $241.2M | $266.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $165K | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $3.3M | |||
| Other salaries and wagesLn 7 | $29.0M | |||
| Pension plan contributionsLn 8 | $1.2M | |||
| Other employee benefitsLn 9 | $5.6M | |||
| Payroll taxesLn 10 | $2.3M | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $75K | |||
| Accounting feesLn 11c | $166K | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $2.6M | |||
| Office expensesLn 13 | $1.4M | |||
| Information technologyLn 14 | $5.1M | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $3.7M | |||
| TravelLn 17 | $35K | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $702K | |||
| InterestLn 20 | $38.9M | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $3.7M | |||
| InsuranceLn 23 | $318K | |||
| Other expenses (24a–d)Ln 24 | $19.5M | |||
| All other expensesLn 24e | $2.0M | |||
| Total functional expensesLn 25 | $119.6M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 6, 2025 | $144.7M | $119.6M | $25.0M | $266.4M | 990 PDF |
| FY2023Filed with the IRS Nov 8, 2024 | $122.0M | $96.1M | $25.8M | $241.2M | 990 PDF |
| FY2022Filed with the IRS Nov 13, 2023 | $95.6M | $74.2M | $21.4M | $222.2M | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $93.1M | $68.2M | $24.9M | $201.3M | 990 PDF |
| FY2020Filed with the IRS Nov 8, 2021 | $90.9M | $76.9M | $14.0M | $176.4M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $144,668,455 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $144,668,455 across 8 lines filed
Part IX · Statement of functional expenses $119,619,367 across 27 lines filed
Part X · Balance sheet $2,173,451,335 assets, 17 lines filed
Part XI · Reconciliation of net assets $266,372,247 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.