The club spent most of the late nineties and early 2000s as an elevator club between the two top leagues. In the 2015-16 season, Furuset was relegated to the third tier of Norwegian hockey, 2. divisjon, but was later moved up to the second tier again following the failure of Nes IK to reach league requirements.
During much of the late 1990s and early 2000s, the club maintained a mid-ranking status between the top two leagues in Norwegian hockey. In the 2015-16 season, Furuset was relegated to the third tier of Norwegian hockey, 2. divisjon, but was later promoted back to the second tier following Nes IK's failure to meet league requirements.