2024 Overview
General Credit Union Information
Forrit is an NCUA insured institution located in Portland, OR. It was founded in 1936 and has approximately $98.95 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 64103 |
| Date Established | 1936 |
| Assets | $98.95 million |
| Loans | $64.46 million |
| Deposits | $87.57 million |
| Capital | $10.77 million |
Field of Membership Restrictions
Membership is open to federal employees and retirees living in the state of Oregon, county, city or state employees living within 25 miles of Portland, Oregon, military personnel or veteran living in the state of Oregon, and employees of select businesses.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Forrit
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Forrit
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1429043 License#: RM.804500.000 |
6.884% | 6.750% | 0.38 | $4,400 | $2,076 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Forrit
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Branches
Below are Forrit branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
FORRIT is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Forrit Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Forrit. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Forrit | U.S. Average |
|---|---|
| 2.50% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Forrit had $271,566 in non-current loans and $0 in owned assets. To cover these potential losses it had $10,772,893 in net worth and $104,973 in loans loss reserves. That gives it a Texas Ratio of 2.50%.
Net Worth
| Forrit | U.S. Average |
|---|---|
| 10.88% | 13.62% |
Forrit FCU has a net worth of 10.88% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Forrit
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