FORUM CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- FORUM CREDIT UNION (EIN 35-0779057)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-10
- IRS object ID
- 201103149349303520
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-10T17:00:11-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE HORWATH LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3815 River Crossing Parkway | AddressLine1 |
| Address Line2 | Suite 300 | AddressLine2 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 462400977 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350779057 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FORUM CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FORU | NameControl |
| Phone | 3175586000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 50738 | AddressLine1 |
| City | Indianapolis | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFF WELCH | Name |
| Title | CFO | Title |
| Date Signed | 2011-11-10 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3175698989 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIKE PETERSON | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA Parkway | AddressLine1 |
| City | Fishers | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 65683988 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.FORUMCU.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1941 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | FORUM CREDIT UNION IS A 501(C)(14) ORGANIZATION WHOSE MISSION IS TO BE AN INNOVATIVE, DYNAMIC, RESPONSIVE FINANCIAL SERVICES ORGANIZATION THAT PROVIDES PRODUCTS AND SERVICES THAT CREATE VALUE FOR ITS MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 340 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 1207426 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 71992178 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 63532675 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -1149701 | InvestmentIncomePriorYear |
| Investment Income Current Year | 112125 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1786284 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1185209 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 72628761 | TotalRevenuePriorYear |
| Total Revenue Current Year | 64830009 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15512921 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 15713766 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 55609827 | OtherExpensePriorYear |
| Other Expenses Current Year | 54449696 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 71122748 | TotalExpensesPriorYear |
| Total Expenses Current Year | 70163462 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1506013 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -5333453 | RevenuesLessExpensesCY |
| Total Assets BOY | 1001314254 | TotalAssetsBOY |
| Total Assets EOY | 945801972 | TotalAssetsEOY |
| Total Liabilities BOY | 905758633 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 854819778 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 95555621 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 90982194 | NetAssetsOrFundBalancesEOY |
| Mission Description | FORUM CREDIT UNION IS A STATE CHARTERED CREDIT UNION WITHOUT CAPITAL STOCK THAT IS OPERATED FOR MUTUAL PURPOSES AND WITHOUT PROFIT. FORUM QUALIFIES AS A 501(C)(14) CORPORATION EXEMPT FROM INCOME TAX ON INCOME FROM SERVICES THAT 1) PROMOTE THRIFT AMONG MEMBERS AND 2) PROVIDE LOW COST CREDIT FOR MEMBERS THROUGH MUTUAL NONPROFIT OPERATIONS. ITS COLLECTIVE CHARGE IS TO BE AN INNOVATIVE, DYNAMIC, AND RESPONSIVE FINANCIAL SERVICES ORGANIZATION PROVIDING PRODUCTS AND SERVICES THAT CREATE VALUE FOR ITS MEMBERS. | MissionDescription |
| Significant Change | false | SignificantChange |
| Description | PROVIDING LOW COST CREDIT FOR MEMBERS IS THE BASIC FUNCTION OF A CREDIT UNION. THE COOPERATIVE NATURE OF THE CREDIT UNION ALLOWS FOR MARKET LEADING 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 ORIGINATES OVER $275 MILLION IN LOANS PER YEAR IN ITS EFFORTS TO MEET MEMBERS' LENDING NEEDS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TO PROMOTE THRIFT AND RESPONSIBLE USE OF CREDIT WITHIN THE MEMBERSHIP, FORUM PROVIDES SEVERAL FINANCIAL EDUCATION OPPORTUNITIES INCLUDING FINANCIAL ACCOUNTABILITY PARTNERS, FINANCIAL PEACE SEMINARS, ONLINE BUDGETING TOOLS, IN-BRANCH ACTIVITIES AND PROMOTIONS GEARED TO FINANCIAL EDUCATION. THOUSANDS OF MEMBERS EACH YEAR PARTICIPATE IN THESE ACTIVITIES OR ACCESS THIS INFORMATION. IN ADDITION, FORUM PROVIDES A VARIETY OF INNOVATIVE SAVINGS ACCOUNTS DESIGNED TO ENCOURAGE SYSTEMATIC SAVINGS WHICH HAS GENERATED OVER $10 MILLION IN PERSONAL SAVINGS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FORUM ALSO 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. MOST PROMINENT IS THE SBA 504 PROGRAM WHICH IS DESIGNED TO HELP SMALL BUSINESS OWNERS PURCHASE COMMERCIAL REAL ESTATE FOR THEIR BUSINESS ACTIVITIES. FORUM CURRENTLY WORKS WITH OVER 3,300 SMALL BUSINESS OWNERS PROVIDING A VARIETY OF PRODUCTS AND SERVICES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | true | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 29873 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 340 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Julia Clark | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3175586216 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA PARKWAY | AddressLine1 |
| City | Fishers | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Highest Compensated EmployeeHighestCompensatedEmployee | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | OfficerOfficer | Individual Trustee Or DirectorIndividualTrusteeOrDirector |
|---|---|---|---|---|---|---|---|---|
| JIM JARZYNSKI | ||||||||
| VP - COLLECTIONS | 40 | X | 154377 | 0 | 23501 | |||
| MICHAEL PETERSON | ||||||||
| CHIEF RISK/RIA OFFICER | 40 | 171806 | 0 | 86685 | X | |||
| CHARLES ANDREW MATTINGLY | ||||||||
| CHIEF MARKETING/RETAIL OFFICER | 40 | X | 144789 | 0 | 54110 | |||
| JENNIFER BUDREAU | ||||||||
| CHIEF ADMINISTRATION OFFICER | 40 | X | 149542 | 0 | 37189 | |||
| DOUGLAS TRUE | ||||||||
| CHIEF TECHNOLOGY/LENDING OFFICER | 40 | 174124 | 0 | 54246 | X | |||
| WILLIAM DAILEY | ||||||||
| CHIEF FINANCIAL OFFICER | 40 | 195610 | 0 | 170404 | X | |||
| GARY IRVIN | ||||||||
| CHIEF EXECUTIVE OFFICER | 40 | 683249 | 0 | 385601 | X | |||
| TRACY MILLS | ||||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | |||
| MARK MITCHELL | ||||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | |||
| CATHY KANE | ||||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | |||
| KEVIN HUNT | ||||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | |||
| SANDRA HOLLINGSHEAD | ||||||||
| DIRECTOR | 5 | 0 | 0 | 0 | X | |||
| RICK RAMBO | ||||||||
| TREASURER | 5 | 0 | 0 | 0 | X | X | ||
| TERRI ATKINSON | ||||||||
| SECRETARY | 5 | 0 | 0 | 0 | X | X | ||
| MAX FALL | ||||||||
| VICE CHAIRMAN | 5 | 0 | 0 | 0 | X | X | ||
| JOHN DIERDORF | ||||||||
| CHAIRMAN | 5 | 0 | 0 | 0 | X | X | ||
| DENISE DYE | ||||||||
| MORTGAGE CONSULTANT | 40 | X | 126381 | 0 | 24063 | |||
| NICHOLAS SPIRRISON | ||||||||
| INTERNAL LOAN OFFICER | 40 | X | 124616 | 0 | 10014 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1924494 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 845813 | TotalOtherCompensation |
| Number Individuals GT100 K | 14 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| VINE & TABLE GOURMET MARKET | |||||
| 313 EAST CARMEL DRIVE | CARMEL | IN | 46032 | CATERING SERVICES | 535176 |
| ALLIED SOLUTIONS LLC | |||||
| PO BOX 937 | NILES | MI | 49120 | INSURANCE SERVICES | 364079 |
| MERCER BELANGER | |||||
| 111 MONUMENT CIRCLE STE 3400 | INDIANAPOLIS | IN | 462440942 | LEGAL SERVICES | 356245 |
| INDIANA RECOVERY SERVICES LLC | |||||
| PO BOX 871 | WESTFIELD | IN | 46074 | RECOVERY SERVICES | 233151 |
| DGU INSURANCE ASSOCIATES LLC | |||||
| 236 BROAD STREET | RED BANK | NJ | 07701 | INSURANCE SERVICES | 204622 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST AND FEES ON LOANS | 522100 | 45941462 | 45866455 | 75007 |
| SERVICES FEES ON SHARE ACCOUNTS | 522100 | 9710977 | 9562632 | 148345 |
| DEBIT AND CREDIT CARD FEES | 4843955 | 4843955 | ||
| MORTGAGE BANKING | 2901716 | 2901716 | ||
| INSURANCE | 524298 | 134565 | 134565 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 63532675 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 672177 | TotalRevenueColumn |
| Exclusion | $672,177 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 370312 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 293927 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 76385 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 76385 | TotalRevenueColumn |
| Unrelated Business Revenue | 84612 | UnrelatedBusinessRevenue |
| Exclusion | -$8,227 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 560052 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | -560052 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -560052 | TotalRevenueColumn |
| Exclusion | -$560,052 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| ACCOUNTING & TAX CONSULTING | 541200 | 90968 | 90968 |
| INVESTMENT ADVISORY FEES - FORUM PCG | 523930 | 551903 | 551903 |
| HCE & FORUM SOLUTIONS | 541610 | 18987 | 18987 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 446966 | TotalRevenueColumn |
| Related Or Exempt Function Income | 343927 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 103039 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1108824 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 64830009 | TotalRevenueColumn |
| Related Or Exempt Function Income | 63518685 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1207426 | UnrelatedBusinessRevenue |
| Exclusion | $103,898 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3795616 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9243745 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 333984 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1426623 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 913798 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 294537 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 178200 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1542064 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1117933 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1303485 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3360366 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13290 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 401833 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17131327 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2617320 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 378771 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISIONS FOR LOAN LOSSES | 18046917 |
| COLLECTION AND OTHER LOAN EXPENSES | 4460022 |
| CORRESPONDENCE SERVICE EXPENSE | 374111 |
| ASSOCIATION DUES | 162459 |
| SHARED BRANCH EXPENSE | 124606 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2942455 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70163462 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14420135 | BOY |
| EOY | 15841750 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80004311 | BOY |
| EOY | 98069084 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25000 | BOY |
| EOY | 12500 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 821877670 | BOY |
| EOY | 758048583 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 56754621 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 21048388 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37776995 | BOY |
| EOY | 35706233 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2119584 | BOY |
| EOY | 5466494 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10059600 | BOY |
| EOY | 9491100 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35030959 | BOY |
| EOY | 23166228 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1001314254 | BOY |
| EOY | 945801972 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9554946 | BOY |
| EOY | 7714984 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204665146 | BOY |
| EOY | 186857608 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 691538541 | BOY |
| EOY | 660247186 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 905758633 | BOY |
| EOY | 854819778 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95555621 | BOY |
| EOY | 90982194 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95555621 | BOY |
| EOY | 90982194 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1001314254 | BOY |
| EOY | 945801972 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -5333453 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 760026 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 2000 | PoliticalExpenditures |
| Volunteer Hours | 0 | VolunteerHours |
| Amt Expended For527 Activities | 0 | AmtExpendedFor527Activities |
| Amt Of Internal Funds Contributed | 2000 | AmtOfInternalFundsContributed |
| Total Exmpt Function Expenditures | 2000 | TotalExmptFunctionExpenditures |
| Form1120 Pol Filed | true | Form1120PolFiled |
Sec527 Pol Orgs Sec527PolOrgs
Name Of527 Organization NameOf527Organization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDIANA CREDIT UNION LEAGUE PAC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 50425 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46250 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237305600 | EIN |
| Amt Pd From Internal Funds | 2000 | AmtPdFromInternalFunds |
| Amt Of Contribs Recd Delivered | 0 | AmtOfContribsRecdDelivered |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Lobbying Expenditures IIB | 0 | TotalLobbyingExpendituresIIB |
| Non Ded Lobby Political Total | 0 | NonDedLobbyPoliticalTotal |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of political campaign activities | Identifier |
| Return Reference | Schedule C, Part I-A, Line 1 | ReturnReference |
| Explanation | FORUM CREDIT UNION CONTRIBUTES FUNDS TO THE INDIANA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE. | Explanation |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5658044 | OtherCostOrOtherBasis |
| Book Value | 5658044 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 36729647 | OtherCostOrOtherBasis |
| Depreciation | 10399204 | Depreciation |
| Book Value | 26330443 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2807943 | OtherCostOrOtherBasis |
| Depreciation | 1995469 | Depreciation |
| Book Value | 812474 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11558987 | OtherCostOrOtherBasis |
| Depreciation | 8653715 | Depreciation |
| Book Value | 2905272 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 35706233 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBERS' SHARE ACCOUNTS | Description |
| Amount | $660,247,186 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 660247186 | TotalOfAmounts |
| Total Revenue | 64830009 | TotalRevenue |
| Total Expenses | 70163462 | TotalExpenses |
| Excess Or Deficit For Year | -5333453 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 235000 | NetUnrealizedGLOnInvestments |
| Other | $0 | OtherAmount |
| Total Adjustments | 235000 | TotalAdjustments |
| Excess Or Deficit Per FS | -5098453 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 65625061 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 235000 | NetUnrealizedGainsInvestments |
| Other Revenues | 560052 | OtherRevenues |
| Revenue Not Rptd F990 | 795052 | RevenueNotRptdF990 |
| Revenue Subtotal | 64830009 | RevenueSubtotal |
| Other Revenues Not Included | 0 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 64830009 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 70723514 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 560052 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 560052 | ExpensesNotRptdF990 |
| Expenses Subtotal | 70163462 | ExpensesSubtotal |
| Other Expenses Not Included | 0 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 70163462 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FIN 48 (ASC 740) footnote | Identifier |
| Return Reference | Schedule D, Part X, Line 2 | ReturnReference |
| Explanation | THE CREDIT UNION IS STATE CHARTERED, AND IS SUBJECT TO INDIANA STATE FRANCHISE TAX. THE FRANCHISE TAX RATE IS 8.50% BASED ON NET INCOME LESS THE STATUTORY RESERVE TRANSFERS FOR THE YEAR. THE CREDIT UNION IS EXEMPT FROM FEDERAL INCOME TAX. FORUM SOLUTIONS.COM, LLC, HEALTH CARE ECONOMICS, LLC, AND FORUM PRIVATE CLIENT GROUP, LLC, ARE LIMITED LIABILITY COMPANIES THAT ARE CONSIDERED PART OF THE CREDIT UNION FOR TAX PURPOSES. A CONSOLIDATED STATE FRANCHISE TAX RETURN IS FILED FOR ALL ENTITIES. THE CREDIT UNION IS ALSO SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) ON CERTAIN INSURANCE AND OTHER INCOME AND THE TAXABLE INCOME OF FORUM SOLUTIONS.COM, LLC, HEALTH CARE ECONOMICS, LLC, AND FORUM PRIVATE CLIENT GROUP, LLC. AS OF DECEMBER 31, 2010, THE CREDIT UNION HAS A UBIT NET OPERATING LOSS CARRYFORWARD OF $54, WHICH WILL BEGIN TO EXPIRE IN 2029; AND A STATE FRANCHISE TAX NET OPERATING LOSS CARRYFORWARD OF $22,154, WHICH WILL BEGIN TO EXPIRE IN 2026. A VALUATION ALLOWANCE FULLY OFFSETS THE DEFERRED TAX ASSET RELATED TO THE UBIT LOSS CARRYFORWARD DUE TO UNCERTAIN REALIZABILITY. A DEFERRED TAX ASSET OF $1,883 AND $1,488 WAS RECORDED AT DECEMBER 31, 2010 AND 2009 RELATED TO THE FRANCHISE TAX LOSS CARRYFORWARD, AS REALIZATION IS EXPECTED PRIOR TO EXPIRATION. THERE ARE NO OTHER SIGNIFICANT DEFERRED TAX ASSETS OR LIABILITIES. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | false | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIM JARZYNSKI | |||||||||||||
| 145594 | 0 | 7500 | 0 | 1283 | 0 | 3500 | 0 | 20001 | 0 | 177878 | 0 | 7500 | 0 |
| MICHAEL PETERSON | |||||||||||||
| 152987 | 0 | 13605 | 0 | 5214 | 0 | 66467 | 0 | 20218 | 0 | 258491 | 0 | 13605 | 0 |
| CHARLES ANDREW MATTINGLY | |||||||||||||
| 129985 | 0 | 14060 | 0 | 744 | 0 | 29276 | 0 | 24834 | 0 | 198899 | 0 | 14060 | 0 |
| JENNIFER BUDREAU | |||||||||||||
| 134043 | 0 | 14060 | 0 | 1439 | 0 | 29234 | 0 | 7955 | 0 | 186731 | 0 | 14060 | 0 |
| DOUGLAS TRUE | |||||||||||||
| 156129 | 0 | 16728 | 0 | 1267 | 0 | 30025 | 0 | 24221 | 0 | 228370 | 0 | 16728 | 0 |
| WILLIAM DAILEY | |||||||||||||
| 171813 | 0 | 18063 | 0 | 5734 | 0 | 150567 | 0 | 19837 | 0 | 366014 | 0 | 18063 | 0 |
| GARY IRVIN | |||||||||||||
| 309765 | 0 | 0 | 0 | 373484 | 0 | 362366 | 0 | 23235 | 0 | 1068850 | 0 | 0 | 0 |
| DENISE DYE | |||||||||||||
| 126364 | 0 | 0 | 0 | 17 | 0 | 3572 | 0 | 20491 | 0 | 150444 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Tax indemnification and gross-up payments | Schedule J, Part I, Line 1a | ALL MEMBERS OF THE EXECUTIVE TEAM RECEIVE GROSS UP PAYMENTS RELATED TO LONG TERM DISABILITY BENEFITS. THIS BENEFIT IS TREATED AS TAXABLE, AND INCLUDED ON W-2 COMPENSATION. |
| Health or social club dues or initiation fees | Schedule J, Part I, Line 1a | THE ORGANIZATION PAYS SOCIAL CLUB DUES FOR GARY IRVIN AND WILLIAM DAILEY. THIS IS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS. |
| Written policy regarding payment or reimbursement of expenses | Schedule J, Part I, Line 1b | SENIOR OFFICERS DETERMINE IF PAYMENT SHOULD OCCUR AND FUNDS ARE INCLUDED IN THE ANNUAL BUDGET. THE CFO APPROVES ALL REIMBURSEMENTS. |
| Severance or change-of-control payment | Schedule J, Part I, Line 4a | A SEVERANCE PAYMENT WAS PAID TO GARY IRVIN DURING 2010 IN THE AMOUNT OF $257,926 IN SETTLEMENT OF HIS CONTRACT. |
| Supplemental nonqualified retirement plan | Schedule J, Part I, Line 4b | GARY IRVIN, WILLIAM DAILEY, AND MICHAEL PETERSON PARTICIPATE IN A SECTION 457(F) RETIREMENT PLAN. THE ORGANIZATION MADE THE FOLLOWING CONTRIBUTIONS TO THE 457(F) PLAN DURING THE YEAR: GARY IRVIN = $340,000; WILLIAM DAILEY = $108,000; AND MICHAEL PETERSON = $20,000. |
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JIM JARZYNSKI | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $25,000 | OriginalPrincipalAmount |
| Balance Due | 12500 | BalanceDue |
| Default | false | Default |
| Approved By Board | false | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 12500 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KELLI DIERDORF | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | FAMILY MEMBER OF JOHN DIERDORF, CHAIRMAN OF DIRECTORS OF FORUM CREDIT UNION | Relationship |
| Amount Of Transaction | 54000 | AmountOfTransaction |
| Description Of Transaction | COMPENSATION AS EMPLOYEE OF FORUM CREDIT UNION | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Classes of members or stockholders | Form 990, Part VI, Section A, Line 6 | THERE IS ONE CLASS OF MEMBERS. CREDIT UNION MEMBERS HAVE THE RIGHT TO ELECT THE BOARD AND SUPERVISORY COMMITTEE MEMBERS AT THE ANNUAL MEMBERSHIP MEETING. |
| Members or stockholders electing members of governing body | 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 WITHIN 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. |
| Review of form 990 by governing body | Form 990, Part VI, Section B, Line 11b | THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX RETURN PREPARER. SENIOR MANAGEMENT CONDUCTS THE INITIAL REVIEW OF THE FORM 990. THE BOARD TREASURER THEN PROVIDES COPIES OF THE RETURN TO EACH MEMBER OF THE GOVERNING BODY AT THE FOLLOWING BOARD MEETING AND RESPONDS TO ANY QUESTIONS THAT ARISE. |
| Conflict of interest policy | Form 990, Part VI, Section B, Line 12c | BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN ANNUALLY TO DISCLOSE POTENTIAL CONFLICTS. INTERESTED 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 WITH THE PRESIDENT AND CHAIRMAN OF THE BOARD OF DIRECTORS. THE INDIVIDUAL SHALL MAKE NO DECISION OR TAKE ANY ACTION WITH RESPECT TO THE MATTER UNLESS AUTHORIZED BY THE BOARD OF DIRECTORS. THE OFFICER, DIRECTOR, OR KEY EMPLOYEE MAY BE ASKED TO RESIGN OR END THE CONFLICT. |
| Process used to establish compensation of top management official | Form 990, Part VI, Section B, Line 15a | THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE CEO'S 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 COMPENSATION AND BENEFITS ARE INCLUDED IN THE COMMITTEE MINUTES. THIS WAS LAST UNDERTAKEN IN 2008. THIS WILL BE UNDERTAKEN AGAIN IN 2011 DURING THE SEARCH FOR A NEW CEO. |
| Public Disclosure | Form 990, Part VI, Section C, Line 19 | A 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 (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
| PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS/KEY EMPLOYEES | FORM 990, PART VI, SECTION B, LINE 15B | SALARIES FOR OFFICER POSITIONS ARE REVIEWED ANNUALLY BY THE HR DEPARTMENT. ANNUAL ADJUSTMENTS TO SALARIES ARE BASED ON RESULTS OF PERFORMANCE REVIEW. THE COMPARABILITY DATA IS USED WHEN AN OFFICER POSITION HAS BEEN FILLED. THIS PROCESS WAS LAST UNDERTAKEN DURING 2010. |
| Other changes in net assets or fund balances | Form 990, Part XI, Line 5 | NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 235000; INCOME TAX BENEFIT RECORDED ON AUDITED FINANCIAL STATEMENTS - 403688; CHANGE IN UNREALIZED POSTRETIREMENT BENEFIT TRANSITION OBLIGATION - 121338; |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| FORUM SOLUTIONSCOM LLC | |||||||||
| PO BOX 50738 | INDIANAPOLIS | IN | 46250 | 350779057 | SOFTWARE SALES | IN | 162480 | 4198145 | NA |
| HEALTH CARE ECONOMICS LLC | |||||||||
| PO BOX 50738 | INDIANAPOLIS | IN | 46250 | 350779057 | CONSULTING | IN | 2263 | 5351 | NA |
| FORUM PRIVATE CLIENT GROUP LLC | |||||||||
| PO BOX 50738 | INDIANAPOLIS | IN | 46250 | 350779057 | INVESTMENT MANAGEMENT | IN | 642870 | 70595 | NA |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIMI INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11313 USA PARKWAY | AddressLine1 |
| City | FISHERS | City |
| State | IN | State |
| ZIP Code | 46037 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351714970 | EIN |
| Primary Activity | MORTGAGE LOAN SERVICE | PrimaryActivity |
| Legal Domicile State | IN | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C CORPORATION | TypeOfEntity |
| Share Of Total Income | 53496 | ShareOfTotalIncome |
| Share Of EOY Assets | 3130646 | ShareOfEOYAssets |
| Percentage Ownership | 1 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |