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NOTICE: We recently made changes to our membership agreement which take effect on June 1, 2018. Please click here to view the agreement in its entirety.

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a financial cooperative

 

ORNL Federal Credit Union (FCU) is a not-for-profit member-owned financial cooperative benefiting all who belong. Our Dream is to be the best financial partner for our members by delivering unparalleled, enhanced member value.  Our Promise: To help all members have a healthy relationship with their money.  

Established on August 6, 1948, each of our ten founding members put up $5.00 to create an initial deposit base of $50.00.  Our Board of Directors consists of 9 members, each elected by the membership to serve 3-year terms.  

Our community credit union provides financial services to businesses and anyone who lives, works, worships, or attends school in the 16 counties of Central East Tennessee: 

Anderson, Blount, Campbell, Claiborne, Cocke, Grainger, Hamblen, Jefferson, Knox, Loudon, Monroe, Morgan, Roane, Scott, Sevier, Union

Today, ORNL FCU’s assets have grown to over $2.0 billion with membership growing to 156,000.  Member deposits are federally insured up to $250,000 by the National Credit Union Administration, or NCUA, and backed by the full faith and credit of the U.S. Government.  ORNL Federal Credit Union is a federally chartered credit union and is regulated by the National Credit Union Administration (NCUA).

 

 

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​service network

 

ornlfcu-northshore-branch

VOLUNTEERS

9 Board Members
5 Supervisory Committee Members

TOTAL ASSETS

$2.0 billion
Largest CU in East TN
Third largest in state
Top-200 Credit Union in the U.S. 

MEMBERSHIP

Over 150,000 members

SERVICE AREA

ORNL FCU serves 16 counties in
East Tennessee

BRANCHES & ATMS 

Multiple branches throughout 11 counties
Deposit ATMs at all branch locations
30,000 fee-free ATMs nationwide
Interactive Teller Machines (ITMs) with extended drive-thru hours

FEDERALLY INSURED

ORNL FCU member deposits are insured by the National Credit Union Administration (NCUA) for up to at least $250,000

Governance & Leadership

  • Board of Directors

    The Board of Directors consists of nine members, each elected by the membership of ORNL FCU to serve three (3) year terms.  Board members set policy, direct Management in the overall operation of ORNL FCU, provide oversight of the Credit Union’s financial security, set future strategy, evaluate the CEO’s progress in achieving goals and objectives, represent the interests of the Credit Union membership, and report to members at the Annual Meeting.  

    Board members are expected to attend monthly Board of Directors meetings and have the opportunity to serve on other committees.  Board members also receive training and education provided by the Credit Union on important issues as they relate to the Credit Union and our members.

  • Supervisory Committee

    Supervisory committee members are appointed each year by the Board of Directors. Through their work with internal and external auditors, supervisory committee members verify Credit Union records, and monitor financial controls and procedures. A representative of the supervisory committee is expected to attend monthly meetings.
     

  • Nomination & Election Committee

    The nominating committee reviews applications submitted by members to fill vacancies on the Board of Directors. The committee presents nominees to fill vacancies, which may occur on the Board of Directors during a member's term of office and at the expiration of the elected or appointed term. They advise all nominees of the responsibilities and the standards of performance of the office for which they are being considered, consistent with the strategic governance policies.
     

  • Executive Committee

    The Executive Committee functions to establish and recommend to the Board policies governing the credit union’s activities involving the investment of member deposits. It also recommends policies for the credit union which relate to the management of the financial risks associated with varying maturities and interest rate sensitivity of assets and liabilities held by the credit union.

    The committee provides oversight to policy, monitors investment activity, recommends policy changes, and monitors regulatory compliance in investment matters and in general as it relates to asset liability requirements.

  • Legislative & Volunteer Committee

    The Legislative & Volunteer Committee keeps the Board of Directors informed of current and future legislation and regulations affecting credit unions. The committee appraises the application of existing laws through the rules and regulations issued by various governmental and supervisory agencies. Recommends corrective action when it is needed. Is actively involved in the political process to promote positive representation in the legislature.
     

  • Volunteer Policy & Governance Committee

    This committee continually improves the Volunteer’s governance policies and practices and serves as an interface for Credit Union policies. This committee takes a special focus on the Board’s governance in order to consistently help the Board improve. They research, report, and provide recommendations regarding how to more effectively fulfill the Board’s unique roles and fiduciary responsibilities.