Dec, 31, 2023 — ORNL FEDERAL CREDIT UNION is a federal credit union headquartered in OAK RIDGE, TN with 28 branch locations and about $3.65 billion in total assets. Opened 76 years ago in 1948, ORNL FEDERAL CREDIT UNION has about 199,965 members and employs 499 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ORNL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 221 S Rutgers Ave OAK RIDGE, TN 37830-6770 |
| Phone: | (865) 688-9555 |
| Fax: | |
| Website: | https://www.ornlfcu.com |
| Branches: | 28 branch locations |
| Members: | 199,965 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5797 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,648,290,996 |
| CEO/Manager: | Jenny Vipperman |
| Chairperson: | William R Gorman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 194,895,607 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,853,386,081 |
| Unsecured Loans | 80,715,048 |
| Other Loans | 1,108,012,520 |
| TOTAL LOANS | 3,042,291,897 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,076,252 |
| Land And Building | 57,817,113 |
| Other Fixed Assets | 9,667,696 |
| NCUSIF Deposit | 26,747,800 |
| All Other Assets | 847,758 |
| TOTAL ASSETS | 3,648,290,996 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 112 |
| Notes & Interest Payable | 160,000,000 |
| Accounts Payable & Other Liabilities | 36,808,306 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 700,691,667 |
| Regular shares | 827,729,811 |
| All Other Shares & Deposits | 1,524,620,206 |
| TOTAL SHARES & DEPOSITS | 3,053,041,684 |
| TOTAL LIABILITIES | 3,250,142,781 |
| Regular Reserve | 0 |
| Other Reserves | -13,858,161 |
| Undivided Earnings | 412,006,376 |
| TOTAL EQUITY | 398,148,215 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,648,290,996 |
| INCOME & EXPENSE | |
| Loan Income | 129,531,679 |
| Investment Income | 10,321,069 |
| Other Income | 19,234,882 |
| Total Employee Compensation & Benefits | 40,136,855 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,810,386 |
| Non-operating Income & (Expense) | 737,186 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,422,745 |
| Cost of Funds | 42,546,022 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 57,864,248 |
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