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865-688-9555
P.O. Box 365
Oak Ridge, TN 37831

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 December of 2013, it had grown to 413 employees and 160,354 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 (2)

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.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 ORNL Credit Union had $22.06 million in non-current loans and owned real-estate with $175.81 million in equity and loan loss allowances on hand to cover it. This gives ORNL Credit Union a Texas Ratio of 12.55% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for ORNL Credit Union decreased slightly from 15.89% as of December 31, 2012 to 12.55% as of December 31, 2013, resulting in a positive change of 21.00%.This indicates that the balance sheet and financial strength for ORNL Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, ORNL Credit Union has increased its total deposits by $17.6 million, resulting in 1.44% 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 $1.49 billion in assets with $175.81 million in equity, resulting in a capitalization level of 11.78%, which is excellent.

Institution Statistics

Overall
NCUA #5797
Year Chartered1948
Employees413
Primary Regulator
Assets and Liabilities
Assets$1.49 billion
Loans$1.18 billion
Deposits$1.24 billion
Equity Capital$165.69 million
Loan Loss Allowance$10.12 million
Unbacked Noncurrent Loans$15.44 million
Real Estate Owned$6.62 million
Historic Data - December 2012
Assets$1.44 billion
Equity Capital$149.94 million
Loan Loss Allowance$9.50 million
Unbacked Noncurrent Loans$15.44 million
Real Estate Owned$7.11 million
Profit Margin - Quarterly
Net Interest Margin3.89%
Return on Assets1.02%
Return on Equity9.21%
Interest Income$53.30 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
0.25%$100k-Smart Money Account
0.20%$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
1.55%$500-48 to 60 Month External Funds CD
1.35%$500-48 - 60 Month Internal Funds CD
1.25%$100k-55 Month Jumbo CD Special for Platinum Members
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
1.00%$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%$2,500$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 (Traditional,Roth,CESA)
1.20%$500$100k55 Month IRA Special for Platinum Members (Traditional,Roth,CESA)
1.10%$500$100k60 Month IRA for Platinum Members (Traditional,Roth,CESA)
1.10%$100k-60 Month Jumbo IRA for Platinum Members (Traditional,Roth,CESA)
1.05%$100k-55 Month Jumbo IRA Special (Traditional,Roth,CESA)
1.00%$500$100k55 Month IRA Special (Traditional,Roth,CESA)
0.90%$500$100k48 - 59 Month IRA for Platinum Members (Traditional,Roth,CESA)
0.90%$100k-48 - 59 Month Jumbo IRA for Platinum Members (Traditional,Roth,CESA)
0.90%$500$100k60 Month IRA (Traditional,Roth,CESA)
0.90%$100k-60 Month Jumbo IRA (Traditional,Roth,CESA)
0.70%$500$100k36 - 47 Month IRA for Platinum Members (Traditional,Roth,CESA)
0.70%$100k-36 - 47 Month Jumbo IRA for Platinum Members (Traditional,Roth,CESA)
0.70%$500$100k48 - 59 Month IRA (Traditional,Roth,CESA)
0.70%$100k-48 - 59 Month Jumbo IRA (Traditional,Roth,CESA)
0.65%$500-23 Month IRA Special for Platinum Members (Traditional,CESA,Roth)
0.65%$100k-23 Month Jumbo IRA Special for Platinum Members (Traditional,CESA,Roth)
0.60%$500$100k24 - 35 Month IRA for Platinum Members (Traditional,Roth,CESA)
0.60%$100k$100k24 - 35 Month Jumbo IRA for Platinum Members (Traditional,Roth)
0.60%$100k$100k24 - 35 Month Jumbo CESA for Platinum Members
0.50%$500$100k12 - 22 Month IRA for Platinum Members (Traditional,Roth,CESA)
0.50%$100k-12 - 22 Month Jumbo IRA for Platinum Members (Traditional,Roth,CESA)
0.50%$500$100k36 - 47 Month IRA (Traditional,Roth,CESA)
0.50%$100k$100k36 - 47 Month Jumbo IRA (Traditional,Roth,CESA)
0.45%$500-23 Month IRA Special (Traditional,CESA,Roth)
0.45%$100k-23 Month Jumbo IRA Special (Traditional,CESA,Roth)
0.40%$2,500$100k6 - 11 Month IRA for Platinum Members (Traditional,Roth,CESA)
0.40%$100k-6 - 11 Month Jumbo IRA for Platinum Members (Traditional,Roth,CESA)
0.40%$500$100k24 - 35 Month IRA (Traditional,Roth,CESA)
0.40%$100k-24 - 35 Month Jumbo IRA (Traditional,Roth,CESA)
0.35%$2,500$100k3 - 5 Month IRA for Platinum Members (Traditional,Roth,CESA)
0.35%$100k-3 - 5 Month Jumbo IRA for Platinum Members (Traditional,Roth,CESA)
0.33%$500$100k12 Month Variable IRA for Platinum Members (Traditional,Roth,CESA)
0.30%$500$100k12 - 22 Month IRA (Traditional,Roth,CESA)
0.30%$100k-12 - 22 Month Jumbo IRA (Traditional,Roth,CESA)
0.20%$2,500$100k6 - 11 Month IRA (Traditional,Roth,CESA)
0.20%$100k-6 - 11 Month Jumbo IRA (Traditional,Roth,CESA)
0.15%$2,500$100k3 - 5 Month IRA (Traditional,Roth,CESA)
0.15%$100k-3 - 5 Month Jumbo IRA (Traditional,Roth,CESA)
0.13%$500$100k12 Month Variable IRA (Traditional,Roth,CESA)
Locations

ORNL Credit Union has 32 locations. Click to view all ORNL Credit Union locations.