Applications / Mortgage Analytics / Lenders / Indiana / FORUM Credit Union
Fishers, IN · Credit union · NCUA · $2.3 billion assets · 1,423 loans in 2025
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1,423
loans originated, 2025
2,162
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
FORUM Credit Union is an Indiana-only lender with over half its lending in home improvement and other-purpose loans, and it grew 18% in 2025, faster than about three in four similar credit unions.
Home improvement loans were 25.9% of its originations and other-purpose loans 29.1%; home purchases were 30.9% and refinances 14.1%. That mix sets the credit union apart from lenders focused on first mortgages for purchase. Its typical loan, $115,000, was near the $105,000 of the typical similar lender (credit unions making between half and twice as many loans).
Its loan count rose 18%, from 1,205 to 1,423, against 8% for the typical similar lender. Volume remains well below the 3,375 loans of 2020. It lent only in Indiana, across 11 metros and 49 counties.
Higher-priced loans (a rate well above the average for similar loans) were 5.6% of its originations, against 1.4% for the typical similar lender. Its home improvement and other-purpose loans, over half its lending, may account for most of that difference.
Its refinance denial rate, 11.0%, was about half the typical similar lender's 21.8%, lower than more than four in five of them. Its purchase denial rate, 6.1%, was near the middle.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. FORUM Credit Union took 2,162 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 30.9% · Other 29.1% · Home improvement 25.9% · Refinance 14.1%
Conventional 98.1% · FHA 1.7% · VA 0.2% · of 1,423 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Indiana | 1,423 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 1,297 |
| Muncie | 20 |
| Bloomington | 7 |
| Kokomo | 7 |
| Fort Wayne | 6 |
| Columbus | 5 |
| Lake County-Porter County-Jasper County | 5 |
| Terre Haute | 4 |
| Cincinnati | 2 |
| Lafayette-West Lafayette | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300S4PNXPKYHHRE82 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 82275 | 2005–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568248 | 1998–2017 |
Established 1 January 1941. Reported under HMDA 1998-2025.
Mergers, name changes, data editions and corrections: FORUM Credit Union's data.
FORUM Credit Union's data
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