FORRIT Credit Union Profile

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FORRIT

Charter #64103 | NCUA Region 3 | FISCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (503) 275-0300

Fax: (503) 275-0317

Founding Date: N/A

Website: https://www.forritcu.org

Personnel & Operations

President: Bay, Lorene

Manager: Olson, Justin

FT Employees: 22

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 3

Hours: 8:30 AM to 5:00PM PST M,T,T,F 10:00 AM-5:00

Credit Union Profile Summary

FORRIT is a FISCU Credit Union. With a total of 4,656 members [1], this institution manages approximately $91,864,896 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 10.4% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 6.42% [1].

Financial Snapshot

Total Assets [1]
$91,864,896

Total economic resources.

Total Loans [1]
$65,897,323

Total value of outstanding loans.

Total Deposits [1]
$81,702,930

Total funds deposited by members.

Members [1]
4,656

Number of active members.

Performance Ratios

Net Worth Ratio [1]
10.4%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
-1.85%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
80.65%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -6.94%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 6.42%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -3.94%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

12550 SE 93rd Ave, Suite 400

Clackamas, OR, 97015
Open in Google Maps

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by FORRIT (Charter #64103).

Main Office

Forrit Credit Union Main Office

Type: Corporate Office

95 SW Taylor St

Portland, OR 97204

Phone: (503) 275-0300

Services: Member Services, ATM

Open in Directions

Additional Branches

Hillsboro

Reedville Branch

Type: Branch Office

2985 SE 75th Ave

Hillsboro, OR 97123

Phone: (503) 275-0300

Services: Member Services, ATM

Open in Directions