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FORRIT CREDIT UNION

EIN 93-0256538 CLACKAMAS, OR

Revenue 2025
$5,118,064
Expenses 2025
$6,953,570

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
14
Classification
1000
Street
12550 SE 93RD AVE STE 400

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of STATE CHARTERED CREDIT UNIONS IN OREGON (EIN 93-6001741). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2025

Mission

We provide solutions to improve each of our members financial lives by offering competitive-low fee services and providing financial literacy through education events.

Activities or mission (Part I)

We provide solutions to improve each members financial life by providing savings, investments, and consumer loan products at favorable rates with minimal fees.

  • Operations & maintenance of a cooperative credit union owned by its members.

  • Interest & dividends paid on savings, certificate of deposit and borrowings

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Justin Olson

    CEO/President

    Total calculated
    $167,109
    From this org
    $167,109
    From related orgs
    $0
    Other
    $0
    Hours/week
    45 + 45 related

    Schedule J breakdown matched by us

    Base
    $153,759
    Bonus
    $13,349
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $167,108
  • Wendy Russell

    Interim CEO/Director of Finance

    Total calculated
    $158,433
    From this org
    $158,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    45 + 45 related

    Schedule J breakdown matched by us

    Base
    $159,032
    Bonus
    $1,469
    Other
    $8,350
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,851
  • Andrew Ackman

    Director of IT

    Total calculated
    $125,928
    From this org
    $125,928
    From related orgs
    $0
    Other
    $0
    Hours/week
    45 + 45 related

    Schedule J breakdown matched by us

    Base
    $133,292
    Bonus
    $1,240
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $134,532
  • Cindy Packard

    Director of Member Services

    Total calculated
    $123,005
    From this org
    $123,005
    From related orgs
    $0
    Other
    $0
    Hours/week
    45 + 45 related

    Schedule J breakdown matched by us

    Base
    $130,675
    Bonus
    $1,240
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $131,915
  • Yuki Lam

    Director of Marketing

    Total calculated
    $101,706
    From this org
    $101,706
    From related orgs
    $0
    Other
    $0
    Hours/week
    45 + 45 related

    Schedule J breakdown matched by us

    Base
    $104,440
    Bonus
    $1,240
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $105,680
  • Sarah Buck

    Director of Experience

    Total calculated
    $101,311
    From this org
    $101,311
    From related orgs
    $0
    Other
    $0
    Hours/week
    45 + 45 related

    Schedule J breakdown matched by us

    Base
    $105,587
    Bonus
    $1,240
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $106,827

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $5,118,064
    Expenses
    $6,953,570
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $5,226,564
    Expenses
    $5,533,549
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $4,552,072
    Expenses
    $4,328,101
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $3,668,740
    Expenses
    $3,773,118
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $3,304,560
    Expenses
    $3,106,641
    Assets (EOY)
    $105,147,440
  • 2020 · 990

    Revenue
    $3,459,575
    Expenses
    $3,063,285
    Assets (EOY)
    $95,505,501
  • 2019 · 990

    Revenue
    $3,882,118
    Expenses
    $3,292,950
    Assets (EOY)
    $85,103,643
  • 2018 · 990

    Revenue
    $3,613,816
    Expenses
    $2,787,685
    Assets (EOY)
    $88,297,148
  • 2018 · 990

    Revenue
    $3,613,816
    Expenses
    $2,787,685
    Assets (EOY)
    $88,297,148
  • 2017 · 990

    Revenue
    $3,181,844
    Expenses
    $2,789,166
    Assets (EOY)
    $87,629,683
  • 2016 · 990

    Revenue
    $3,030,018
    Expenses
    $2,735,732
    Assets (EOY)
    $85,499,014
  • 2015 · 990

    Revenue
    $2,969,193
    Expenses
    $2,689,858
    Assets (EOY)
    $80,796,873
  • 2014 · 990

    Revenue
    $2,825,457
    Expenses
    $2,542,302
    Assets (EOY)
    $75,974,448
  • 2013 · 990

    Revenue
    $2,831,164
    Expenses
    $2,500,356
    Assets (EOY)
    $72,771,546

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.