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FORRIT CREDIT UNION

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Public IRS 990 nonprofit record

FORRIT CREDIT UNION

EIN 93-0256538 · Telecommunications (W50)

What they do

We Provide Solutions to Improve Each of Our Members Financial Lives By Offering Competitive-low Fee Services and Providing Financial Literacy Through Education Events.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$135.86spent for every $100 of revenueSpending was higher than revenue this year.
$11.79in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,835,506 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $167,109 for JUSTIN OLSON (CEO/PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$5,118,064
Expenses$6,953,570
Annual shortfall $1,835,506 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$5,118,064
Expenses$6,953,570
Assets$81,997,222
Accounting fees$270,024
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JUSTIN OLSONCEO/PRESIDENT · 45 hrs/week $167,109
WENDY RUSSELLINTERIM CEO/DIRECTOR OF FINANCE · 45 hrs/week $158,433
ANDREW ACKMANDIRECTOR OF IT · 45 hrs/week $125,928
CINDY PACKARDDIRECTOR OF MEMBER SERVICES · 45 hrs/week $123,005
YUKI LAMDIRECTOR OF MARKETING · 45 hrs/week $101,706
SARAH BUCKDIRECTOR OF EXPERIENCE · 45 hrs/week $101,311

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

JUSTIN OLSONCEO/PRESIDENT

WENDY RUSSELLINTERIM CEO/DIRECTOR OF FINANCE

ANDREW ACKMANDIRECTOR OF IT

CINDY PACKARDDIRECTOR OF MEMBER SERVICES

YUKI LAMDIRECTOR OF MARKETING

SARAH BUCKDIRECTOR OF EXPERIENCE

About this charity

Recognized since
January 1944
Location
12550 SE 93rd Ave Suite 400, Clackamas, OR 97015
County
Multnomah
In care of
Wendy Russell
Primary officer
Wendy Russell, Interim CEO/Director of Finance

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
NTEE classification
Telecommunications (W50)
IRS tax category
Telecommunications

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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