ORNL FCU 75 Years

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In 1968, the nation was in turmoil following Martin Luther King Jr.’s assassination in Memphis and heightened social unrest over the Vietnam War. ORNL Employees Federal Credit Union tended to business at home by celebrating its twentieth year of business as one of the ten largest credit unions in the state of Tennessee—with shares of over $5.3 million and total assets of just under $6 million. The board also revised its bylaws to boost the maximum signature loan to $1,000 and extend the repayment period for large real estate loans from five to ten years. As the organization looked forward to its third decade serving the employees of Oak Ridge National Laboratory, construction of a new building was underway and slated for completion in the spring of 1969.

Oak Ridge from the top of Water Works Hill, 1967. (US Department of Energy)

26 | 75 YEARS ORNL FEDERAL CREDIT UNION