ORNL FCU 75 Years

Dogwood Arts events: House & Garden Show, Trails, and Parade. (Dogwood Arts)

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In 2007, as investors pumped millions of dollars into a major revitalization of downtown Knoxville, ORNL Federal Credit Union topped $1 billion in assets with membership exceeding 133,500. Two new branches were also opened to better serve members in Blount County. To keep up with the demand of ATM users, the credit union became a member of the CO-OP ATM Network. This partnership increased the number of surcharge-free ATM machines by twenty-five thousand. The credit union also partnered with a firm to provide members a third layer of security while transacting business online. In June 2007, the CUSO signed its first partner credit union, Bowater Employees Credit Union, expanding mortgage services to BECU members. Later that year, the CUSO launched CU Community Insurance to offer members convenient low-cost insurance for car owners, homeowners, and renters. Strong community involvement continued through ORNL Federal Credit Union’s support of the Dogwood Arts Festival and the Dragon Boat Race to benefit the Knox Area Rescue Ministries. Employees also participated in Junior Achievement to teach students the importance of being good citizens in their own community. Through the Angel Tree program, over one hundred children experienced a brighter holiday season thanks to the generosity of credit union members and employees that helped purchase, sort, and deliver gifts to the Family Resource Center in Oak Ridge. As it approached its sixtieth year of service, ORNL Federal Credit Union proudly looked back on a decade of extraordinary growth. From its humble beginnings to annual assets exceeding the $1 billion mark, it was solidly poised to continue serving its members and community.

But a decade of turmoil was looming ahead that would result in a global bank crisis and the biggest economic contraction since the Great Depression . . .

64 | 75 YEARS ORNL FEDERAL CREDIT UNION

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