ORNL FCU 75 Years
These investments in both systems and facilities, combined with stellar financial performance and growth in membership throughout 2022, resulted in another productive year for the credit union. A special dividend of $5 million was paid, and auto loans were paid off for ten members. Total assets that year were $3.13 billion.
The credit union continued its sponsorship of Dogwood Arts, and the organization hosted its inaugural Southern Skies Music Festival at World’s Fair Park.
The credit union also prepared for the 2023 launch of a new CUSO, 7 Servicing , that will service the member mortgages of both ORNL FCU and partner credit unions. Bringing mortgage servicing back in-house from Roundpoint, its sub-servicer, will provide a greater level of service to the ORNL FCU membership and potential growth opportunities to 7 Mortgage partner credit unions. ORNL Federal Credit Union continued to attract new members as total memberships increased by more than 2 percent to end the year at 189,843. The credit union remained committed to returning value to its members through its attractive products and pricing while delivering exceptional service to every member, every time because together, we thrive .
OUR PARTNERS SAY . . . ORNL Federal Credit Union is the name I think most people think of when it comes to the arts in Oak Ridge. From the free summer concerts to supporting local festivals, murals, and other endeavors, they prove they are a strong supporter of cultural happenings. Not only that but they support the business community through efforts with the Chamber of Commerce and Leadership Oak Ridge. Another significant contribution was transforming one of their properties into a headquarters for agencies that support our residents in need. It’s no wonder they were named our 2022 Business of the Year!
CHRISTINE MICHAELS President, Oak Ridge Chamber of Commerce
88 | 75 YEARS ORNL FEDERAL CREDIT UNION
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