Overview
What is Forrit Credit Union?
Forrit Credit Union is a cooperative financial institution situated in Portland, Oregon, specifically at 95 SW Taylor St. This nonprofit organization is owned and operated by its members, with a mission to enhance the financial well-being of each member. They accomplish this by providing a variety of services, including savings, investments, and consumer loans at competitive rates with minimal fees. Moreover, Forrit Credit Union emphasizes financial literacy, offering educational events to empower its members to make informed financial decisions. The organization is staffed by 27 dedicated employees.
Official website here: www.forritcu.org
Is Forrit Credit Union legitimate?
Forrit Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Forrit Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $493,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $830,196
For more financial information, click here
Official website here: www.forritcu.org
What is the mission statement of Forrit Credit Union?
Forrit Credit Union's mission is centered around enhancing the financial well-being of its members. They achieve this by offering a range of financial products, such as savings and loans, at competitive rates and with minimal fees. The credit union also prioritizes financial education, providing opportunities for its members to attend educational events. The objective is to improve the financial literacy of its members, thereby empowering them to make informed financial decisions. In essence, Forrit Credit Union's mission is to serve its members by delivering financial solutions that improve their financial lives.
Official website here: www.forritcu.org
Who is the CEO of Forrit Credit Union?
Justin Olson is the Ceo/President of Forrit Credit Union. The CEO's salary of Forrit Credit Union is $128,058 and their total compensation is $128,058.
Official website here: www.forritcu.org
What is the revenue of Forrit Credit Union?
Forrit Credit Union's revenue in 2022 was $3,668,740.
Official website here: www.forritcu.org
Who are the executives of Forrit Credit Union and what are their salaries?
The average compensation at Forrit Credit Union during 2022 was $49,030. There are 27 employees and 7 volunteers at Forrit Credit Union.
Here are 5 key members and their salaries (Forrit Credit Union's CEO's salary is $128,058 and their total compensation is $128,058):
- Compensation: $128,058
- Related: $0
- Other: $0
- Compensation: $95,176
- Related: $0
- Other: $0
- Compensation: $93,068
- Related: $0
- Other: $0
- Compensation: $92,900
- Related: $0
- Other: $0
- Compensation: $84,404
- Related: $0
- Other: $0
Official website here: www.forritcu.org
Where can I find the form 990 for Forrit Credit Union?
Forrit Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forritcu.org
Learn more at the official website: www.forritcu.org
Mission Statement of Forrit Credit Union
Forrit Credit Union, a member-owned cooperative, is dedicated to enhancing the financial well-being of its members. Through its mission, the credit union offers competitive, low-fee financial services and plays a significant role in promoting financial literacy. Forrit Credit Union achieves this by providing a variety of savings, investment, and loan products at favorable rates, ensuring minimal fees for its members. By doing so, the credit union strives to improve the financial lives of each of its members. In addition, Forrit Credit Union offers educational events aimed at enhancing financial literacy, empowering its members with the knowledge and tools needed to make informed financial decisions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Forrit Credit Union significantly enhances the financial well-being of its members by offering tailored savings, investment, and consumer loan products at favorable rates with minimal fees. Based in Portland, Oregon, it operates as a member-owned cooperative, ensuring that profits are reinvested to benefit the community.
The credit union is dedicated to improving financial literacy among its members, hosting educational events that empower individuals with the knowledge to make informed financial decisions. Through its commitment to providing competitive services, Forrit Credit Union not only improves the financial lives of its members but also strengthens the community by fostering a culture of financial responsibility and education. Their focus on low-fee services and member-centric operations highlights their role in promoting public benefit, reinforcing their positive impact on the local economy.
This information is meant to be a general summary of Forrit Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $281,022
- Program Service Revenue: $3,387,718
- Gross Receipts: $3,668,740
Assets and Liabilities:
- Total Assets: $102,177,265
- Total Liabilities: $548,644
- Net Assets: $101,628,621
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$2,517,725
Loan and Account Fees
Revenue
$453,745
Other Miscellanous Income
Revenue
$416,248
Organization Details
Founding Year
1936
Phone
(503) 275-0300Principal Officer
Justin Olson
Main Address
95 SW Taylor St, Portland, OR, 97204
Website
www.forritcu.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Forrit Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.