ORNL Federal Credit Union


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

ORNL Federal Credit Union is headquartered in Oak Ridge and is the 4th largest credit union in the state of Tennessee. It is also the 119th largest credit union in the nation. It was established in 1948 and as of March of 2024, it had grown to 492 employees and 202,563 members at 29 locations. ORNL Federal Credit Union's CD rates are 6X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in ORNL Federal Credit Union is open to those who live, work, worship, or attend schools in the Tennessee counties of Anderson, Blount, Campbell, Claiborne, Cocke, Grainger, Hamblen, Jefferson, Knox, Loudon, McMinn, Meigs, Monroe, Morgan, Rhea, Roane, Scott, Sevier, or Union.
See current membership details

Related Posts

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I love and trust my bank so much.

I absolutely love my bank. I have been with them forever and they always have amazing customer service with anything we have ever needed. Even the few times mistakes have happened they quickly and accurately fix them. They offer checking, savings, loans, cds, investments, kids programs, Christmas programs to help save money to buy gifts and so much more. I love that they have alot of locations and I love their drive thru options as well. My favorite thing I use with them is their phone app. On this app I pay bills through their online bill pay, can track when things have cleared and even transfer money from one account to another. I would recommend this credit union above all else. Oh and they also allow direct deposit so that is so helpful as well! Great bank!

ORNLFCU East Tennessee

Posted by: |

The credit union I use to hold my money has been beyond my expectation. I had a car loan through another provider that had an interest rate of 13.5%, and it was costing me a lot of money over each month. I brought all my paperwork to ORNLFCU, and I asked them to review my profile, and see if they could secure a better rate for me. The loan officer was very helpful and walked me through exactly how they decide. Once all the paper work was submitted, the loan officer called me to happily inform me they would take on my loan at an interest of 1.9% monthly. The credit union has saved me a lot of money, and I appreciate their service with reasonable fees.

Excessive Cheque Holds And Poor Communication.

Posted by: |

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.

WORST BANKING EXPERIENCE POSSIBLE!!!

i can't say they outright lie to you, they just don't tell you the whole story. Example: They bragged about their new mobile app and how you can make deposits directly from your phone. What they DIDN'T say was they would be placing a 9 day HOLD on those deposits! Gee, don't you think that would've been helpful information for me to know before I used it? Or, although they seem happy to have you as a new customer, they don't tell you that since you're a new customer your account will be flagged for 30 days, meaning any checks you deposit will receive an automatic 9 day HOLD placed on them regardless of whom they are drawn on!!! CROOKED ASSSHOLES!!!!

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Health
A+

Health Grade Components

Overall
NCUA #5797
Year Chartered1948
Employees492
Primary Regulator
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD9.73%
Annual Interest Income$45.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$3.77B$3.33B
LoansQ1 2024vs Q1 2023$3.11B$2.65B
DepositsQ1 2024vs Q1 2023$3.16B$2.83B
Equity CapitalQ1 2024vs Q1 2023$408.5MM$346.7MM
Loan Loss AllowanceQ1 2024vs Q1 2023$29.5MM$29.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$10.4MM$6.5MM
Real Estate OwnedQ1 2024vs Q1 2023$87K$357K
Rates
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Always verify rates and promotions with the bank or credit union. We are not ORNL Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ORNL Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$250k*-Accumulation IRA Savings
OTHER TIERS: 0.05% $0 - $50k | 0.10% $50k - $100k | 0.15% $100k - $250k
0.01%$0-Membership Account
0.01%$0-Plan Ahead Savings
0.01%$0-Health Savings Account
0.01%$0-Business Savings
0.01%$0-Business Membership Account

ORNL Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$250k*-Money Market
OTHER TIERS: 0.05% $0 - $2.5k | 0.10% $2.5k - $25k | 0.25% $25k - $50k | 0.50% $50k - $100k | 1.25% $100k - $250k
1.75%*$250k*-Business Money Market
OTHER TIERS: 0.05% $0 - $2.5k | 0.10% $2.5k - $25k | 0.25% $25k - $50k | 0.50% $50k - $100k | 1.25% $100k - $250k

ORNL Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$0$5kSpending Plus Account
OTHER TIERS: 0.01% $5k+

ORNL Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.35%$500-16 Month Promotional CD
5.30%$500-9 Month Promotional CD
5.25%$500-12 - 23 Month CD
5.25%$500-Business 12 - 23 Month CD
4.00%*$250k*-60 Month CD
OTHER TIERS: 3.85% $500 - $100k | 3.95% $100k - $250k
4.00%*$250k*-Business 60 Month CD
OTHER TIERS: 3.85% $500 - $100k | 3.95% $100k - $250k
2.75%*$250k*-24 - 35 Month CD
OTHER TIERS: 2.60% $500 - $100k | 2.70% $100k - $250k
2.75%*$250k*-Business 24 - 35 Month CD
OTHER TIERS: 2.60% $500 - $100k | 2.70% $100k - $250k
0.80%*$250k*-48 - 59 Month CD
OTHER TIERS: 0.65% $500 - $100k | 0.75% $100k - $250k
0.80%*$250k*-Business 48 - 59 Month CD
OTHER TIERS: 0.65% $500 - $100k | 0.75% $100k - $250k
0.60%*$250k*-36 - 47 Month CD
OTHER TIERS: 0.45% $500 - $100k | 0.55% $100k - $250k
0.60%*$250k*-Business 36 - 47 Month CD
OTHER TIERS: 0.45% $500 - $100k | 0.55% $100k - $250k
0.25%$500-6 - 11 Month CD
0.25%$500-Business 6 - 11 Month CD
0.05%$500-3 - 5 Month CD
0.05%$500-Business 3 - 5 Month CD

ORNL Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.35%$500-16 Month Promotional IRA
5.30%$500-9 Month Promotional IRA
5.25%$500-12 - 23 Month IRA
4.00%*$250k*-60 Month IRA
OTHER TIERS: 3.85% $500 - $100k | 3.95% $100k - $250k
2.75%*$250k*-24 - 35 Month IRA
OTHER TIERS: 2.60% $500 - $100k | 2.70% $100k - $250k
0.80%*$250k*-48 - 59 Month IRA
OTHER TIERS: 0.65% $500 - $100k | 0.75% $100k - $250k
0.60%*$250k*-36 - 47 Month IRA
OTHER TIERS: 0.45% $500 - $100k | 0.55% $100k - $250k
0.25%$500-6 - 11 Month IRA
0.05%$500-3-5 Month IRA
Locations

Availability

Knoxville Area

Interactive local rates map


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