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Overview / Commentary
865-688-9555
221 S Rutgers Ave
Oak Ridge, TN 37830-6770

ORNL Credit Union is headquartered in Oak Ridge and is the 3rd largest credit union in the state of Tennessee. It is also the 122nd largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 406 employees and 162,197 members. ORNL Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Anderson, Blount, Campbell, Claiborne, Cocke, Grainger, Hamblen, Jefferson, Knox, Loudon, Monroe, Morgan, Roane, Scott, Sevier or Union County. - See Details

Reviews (3)

Excessive Cheque Holds And Poor Communication.

I have been using credit unions for 7 years now and ORNL is the worst. They hold your cheques for 9 business days until you have established a 'relationship' with them, which no one will tell me how long that is. No one told me about any holds until I noticed them and called. Very poor customer service and I have never felt so held hostage.

Great Bank To Deal With

2013 I open an account with ORNL and since I have been with them I have not had any problems with them not only have I got a checking account but I also have a savings and a christmas club account i made the best decision to go with this bank because one day I made a deposit at the drive through and I gave the teller my ID and my debit card because I did not have a deposit slip and the teller gave back my ID but I did not realized that he did not give back my debit card back so I was at a store across from the back and the teller called me on my cell phone to let me know that they forgot to give me my debit card so I went back through the drive through and they gave back my debit card and I was gratful that there is a trust worthly bank that will contact there customer about mishap at the window.

I would recomend ornl to all my family and friends because they are very friendly and always have a smile on there faces.

Excellent Home Town Credit Union!

This place has the best banking experience I have ever had. Their loan rates are extremely competitive, and the approval process is extremely easy. The customer service is out of this world. There were a couple of times where my account was overdrawn, and when I explained the situation to them, they waived the fee! NO OTHER BANK would ever do that. The fees are where they make their money. Form ORNL, it always comes down to customer service. Little things like that are how you generate a customer for life. We have recently moved to a different state, but we are and will continue using ORNLFCU.

You guys ROCK!



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 ORNL Credit Union had $23.15 million in non-current loans and owned real-estate with $178.85 million in equity and loan loss allowances on hand to cover it. This gives ORNL Credit Union a Texas Ratio of 12.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for ORNL Credit Union experienced no significant changes from 14.26% as of March 31, 2013 to 12.94% as of March 31, 2014, resulting in a positive change of 9.25%.This indicates that the balance sheet and financial strength for ORNL Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, ORNL Credit Union has increased its total deposits by $15.51 million, resulting in 1.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth ORNL Credit Union has shown is above average.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. ORNL Credit Union has $1.52 billion in assets with $178.85 million in equity, resulting in a capitalization level of 11.77%, which is excellent.

Institution Statistics

Overall
NCUA #5797
Year Chartered1948
Employees406
Primary Regulator
Assets and Liabilities
Assets$1.52 billion
Loans$1.19 billion
Deposits$1.28 billion
Equity Capital$167.52 million
Loan Loss Allowance$11.33 million
Unbacked Noncurrent Loans$16.44 million
Real Estate Owned$6.71 million
Historic Data - March 2013
Assets$1.48 billion
Equity Capital$151.07 million
Loan Loss Allowance$10.44 million
Unbacked Noncurrent Loans$16.44 million
Real Estate Owned$7.73 million
Profit Margin - Quarterly
Return on Assets0.42%
Return on Equity3.81%
Interest Income$12.79 million
Rates

Always verify rates and promotions with the bank or credit union. We are not ORNL Credit Union, we are a rate comparison website and can not provide official rates or promotions.

ORNL Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-IRA Share Account
0.25%$100k-Roth IRA Shares Account
0.25%$100k-CESA Share Account
0.03%--Regular Share Savings
0.03%--Vacation Club
0.03%--Christmas Club

ORNL Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Smart Money Account
0.35%$100k-Money Market (No Drafts)
0.10%$100k-Money Market (With Drafts)

ORNL Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%--Checking (Share Draft)

ORNL Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$10k-60 Month CD - External Funds
1.55%$10k-48 Month CD - External Funds
1.55%$10k-60 Month CD - Internal Funds
1.35%$10k-48 Month CD - Internal Funds
1.25%$100k-55 Month Jumbo CD Special for Platinum Members
1.25%$10k-36 Month CD - External Funds
1.20%$500$100k55 Month CD Special for Platinum Members
1.10%$500$100k60 Month CD for Platinum Members
1.10%$100k-60 Month Jumbo CD for Platinum Members
1.05%$100k-55 Month Jumbo CD Special
1.05%$10k-36 Month CD - Internal Funds
1.00%$500$100k55 Month CD Special
0.90%$500$100k60 Month CD
0.90%$100k-60 Month Jumbo CD
0.90%$500$100k48 - 59 Month CD for Platinum Members
0.90%$100k-48 - 59 Month Jumbo CD for Platinum Members
0.70%$500$100k48 - 59 Month CD
0.70%$100k-48 - 59 Month Jumbo CD
0.70%$500$100k36 - 47 Month CD for Platinum Members
0.70%$100k-36 - 47 Month Jumbo CD for Platinum Members
0.65%$500-23 Month CD Special for Platinum Members
0.65%$100k-23 Month Jumbo CD Special for Platinum Members
0.60%$500$100k24 - 35 Month CD for Platinum Members
0.60%$100k$100k24 - 35 Month Jumbo CD for Platinum Members
0.50%$500$100k36 - 47 Month CD
0.50%$100k$100k36 - 47 Month Jumbo CD
0.50%$500$100k12 - 22 Month CD for Platinum Members
0.50%$100k-12 - 22 Month Jumbo CD for Platinum Members
0.45%$500-23 Month CD Special
0.45%$100k-23 Month Jumbo CD Special
0.40%$500$100k24 - 35 Month CD
0.40%$100k-24 - 35 Month Jumbo CD
0.40%$2,500$100k6 - 11 Month CD for Platinum Members
0.40%$100k-6 - 11 Month Jumbo CD for Platinum Members
0.35%$100k-1 - 2 Month Jumbo CD for Platinum Members
0.35%$2,500$100k3 - 5 Month CD for Platinum Members
0.35%$100k-3 - 5 Month Jumbo CD for Platinum Members
0.33%$500$100k12 Month Variable CD for Platinum Members
0.30%$500$100k12 - 22 Month CD
0.30%$100k-12 - 22 Month Jumbo CD
0.20%$2,500$100k6 - 11 Month CD
0.20%$100k-6 - 11 Month Jumbo CD
0.15%$2,500$100k3 - 5 Month CD
0.15%$100k$100k1 - 2 Month Jumbo CD
0.15%$100k-3 - 5 Month Jumbo CD
0.13%$500$100k12 Month Variable CD

ORNL Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$100k-55 Month Jumbo IRA Special for Platinum Members
1.20%$500$100k55 Month IRA Special for Platinum Members
1.10%$500$100k60 Month IRA for Platinum Members
1.10%$100k-60 Month Jumbo IRA for Platinum Members
1.05%$100k-55 Month Jumbo IRA Special
1.00%$500$100k55 Month IRA Special
0.90%$500$100k48 - 59 Month IRA for Platinum Members
0.90%$100k-48 - 59 Month Jumbo IRA for Platinum Members
0.90%$500$100k60 Month IRA
0.90%$100k-60 Month Jumbo IRA
0.70%$500$100k36 - 47 Month IRA for Platinum Members
0.70%$100k-36 - 47 Month Jumbo IRA for Platinum Members
0.70%$500$100k48 - 59 Month IRA
0.70%$100k-48 - 59 Month Jumbo IRA
0.65%$500-23 Month IRA Special for Platinum Members
0.65%$100k-23 Month Jumbo IRA Special for Platinum Members
0.60%$500$100k24 - 35 Month IRA for Platinum Members
0.60%$100k$100k24 - 35 Month Jumbo IRA for Platinum Members
0.50%$500$100k12 - 22 Month IRA for Platinum Members
0.50%$100k-12 - 22 Month Jumbo IRA for Platinum Members
0.50%$500$100k36 - 47 Month IRA
0.50%$100k$100k36 - 47 Month Jumbo IRA
0.45%$500-23 Month IRA Special
0.45%$100k-23 Month Jumbo IRA Special
0.40%$2,500$100k6 - 11 Month IRA for Platinum Members
0.40%$100k-6 - 11 Month Jumbo IRA for Platinum Members
0.40%$500$100k24 - 35 Month IRA
0.40%$100k-24 - 35 Month Jumbo IRA
0.35%$2,500$100k3 - 5 Month IRA for Platinum Members
0.35%$100k-3 - 5 Month Jumbo IRA for Platinum Members
0.33%$500$100k12 Month Variable IRA for Platinum Members
0.30%$500$100k12 - 22 Month IRA
0.30%$100k-12 - 22 Month Jumbo IRA
0.20%$2,500$100k6 - 11 Month IRA
0.20%$100k-6 - 11 Month Jumbo IRA
0.15%$100k-3 - 5 Month Jumbo IRA
0.13%$500$100k12 Month Variable IRA
Locations

ORNL Credit Union has 31 locations. Click to view all ORNL Credit Union locations.