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ORNL Federal Credit Union to Build 33rd Branch

first_img “”ORNL Federal Credit Union””:https://www.ornlfcu.com/ (FCU), the largest credit union in East Tennessee, announced it has entered into an agreement to purchase land to be used for a new full service branch in 2014.[IMAGE][COLUMN_BREAK]The new branch, which will be located in Knoxville’s Northshore Town Center, is ORNL’s 33rd location. According to a release, it will provide a “”full suite of services and greater convenience to ORNL FCU’s member of approximately 157,000.””””We are very pleased to be making this expansion announcement as it will allow us the opportunity to better serve and bring increased value to our members,”” said Chris Johnson, president and CEO of ORNL. “”We have a very dedicated staff and board of directors who have worked hard to make this expansion a reality, and since we are member-owned, our focus is on delivering solutions to our members, rather than making money for stockholders.””The announcement follows a tremendous year of growth for the credit union, which saw a 15 percent increase in its customer loan portfolio and a more than 12 percent growth in all loans in 2012. According to Johnson, ORNL has tripled its assets from $450 million to $1.43 billion in the last 13 years and more than doubled its membership. February 14, 2013 470 Views ORNL Federal Credit Union to Build 33rd Branch Agents & Brokers Attorneys & Title Companies Company News Credit Unions Investors Lenders & Servicers Processing Service Providers 2013-02-14 Tory Barringercenter_img in Data, Government, Origination, Secondary Market, Servicing Sharelast_img read more