ORNL Credit Union Boycott
methodistnewshot line

United States

#22 Feb 20, 2013
You all are crazy...Ornl is solid to solid custoners..get on out here you ally cats and title max allstars. Back to the land of OZ
Nannie

Greeneville, TN

#23 Feb 20, 2013
Oral charged me because I didn't use my savings account. I withdrew all my money and moved it to another credit union that has a difference policy. Add my to the lost of people boycotting them.
TS

United States

#24 Feb 21, 2013
They suck
NotCool

Clinton, TN

#25 Feb 22, 2013
While not a patron of "Title Max" or alley cat etc. I did decide to transfer my banking business after all. Additionally, I took family members with me. I also have the list of the Board of Directors. Most of which are "solid" individuals, while others do not need to conduct business by ACFE standards. I am much happier (and economically healthier) elsewhere. Thank you all for the feedback!
kt

Oak Ridge, TN

#26 Mar 3, 2013
They have changed so much in the last few years...used to love them but not really too fond of them now.
Not fond of ORNL

Tucker, GA

#27 Mar 22, 2013
kt wrote:
They have changed so much in the last few years...used to love them but not really too fond of them now.
I'm not very fond of them right now either!!! Much more crap and I might move too.
Money money

Boiling Springs, SC

#28 Mar 22, 2013
NotCool wrote:
While not a patron of "Title Max" or alley cat etc. I did decide to transfer my banking business after all. Additionally, I took family members with me. I also have the list of the Board of Directors. Most of which are "solid" individuals, while others do not need to conduct business by ACFE standards. I am much happier (and economically healthier) elsewhere. Thank you all for the feedback!
I think board members names should be public so members can contact them. Who are they?
NotCool

Clinton, TN

#29 Mar 24, 2013
Money money wrote:
<quoted text>I think board members names should be public so members can contact them. Who are they?
They are public and many can be contacted! Here is a link through BusinessWeek. http://investing.businessweek.com/research/st...
Knoxville

Knoxville, TN

#30 Apr 6, 2013
NotCool wrote:
<quoted text>
They are public and many can be contacted! Here is a link through BusinessWeek. http://investing.businessweek.com/research/st...
@NotCool. To which bank/credit union did you move your money? I just received a note in the mail saying that ORNL wants to charge $2.00 for sending me a paper copy. That is absolutely ridiculous. I need good suggestions so I can move my money too. Thanks.
Love ORNL

Oak Ridge, TN

#31 Apr 8, 2013
I love ORNL and I am very happy there. You can avoid the $2 fee by receiving it electronically, which obviously you have internet access since you're on here. If you're that unhappy with ORNL then leave, but realize there are far more of us that are happy that will continue to patronize this company.
Knoxville

Knoxville, TN

#32 Apr 8, 2013
Love ORNL wrote:
I love ORNL and I am very happy there. You can avoid the $2 fee by receiving it electronically, which obviously you have internet access since you're on here. If you're that unhappy with ORNL then leave, but realize there are far more of us that are happy that will continue to patronize this company.
@Love ORNL. Yes, you are correct, BUT I don't always have access. As a member owned institution, I think we should have some say in this matter. One of the reasons I joined a credit union is because it is member driven/owned, and therefore generally doesn't have the same fees that large banks and other financial institutions charge their individual depositors. IF ORNL needs more money, then I suggest they find a less expensive way to send out the statements. IT used to be that banks were FOR the people, now they are FOR corporations. I don't know of any other credit unions charging a fee, do you?
Grayson

Clinton, TN

#33 Apr 8, 2013
Without a doubt...the worst and most incompetent business I've ever had to deal with.
nico

United States

#34 Apr 8, 2013
Not only are customers unhappy so are employees! I know several that have left in horror over new management....and others looking to get out. The banking system is a joke in this country.
MeToo

Manchester, TN

#35 Apr 8, 2013
After 35 years, I have quit ORNL FCU and moved to a local community bank. I do not know why but ORNL FCU has certainly gone downhill. The management and loan officers have changed.
goldrunner

United States

#36 Apr 9, 2013
I_Dumped_ORNL_FCU_Too wrote:
I was a member at ORNL FCU for a little over 25 years, and for many years was quite happy with them. But, I gradually watched their service deteriorate to crap, while their fees continued to steadily increase. When they dumped the CheckFree online bill payment system for that absolute abortion they replaced it with, my wife and I finally bailed.
I closed all of our accounts and moved them to a local community bank (I DESPISE the big banks that we keep bailing out!) who offered the CheckFree system. I'm so glad we switched! We are now paying no fees, whatsoever. We were also paid more interest on our checking and savings accounts in three months than we were paid in the previous year at ORNL FCU, with similar average monthly balances.
By the way, the system they switched to is FAR less secure than the CheckFree system and is much less user friendly. The reason they switched was twofold: a)to save money, and b)to be able to co-market a bunch of useless BS services.
Get smart, and leave those DBs at ORNL FCU as fast as you can. You'll be glad that you did!
Who do you recommend? It sounds like you've done quite a bit of research!
You all are too funny

Antioch, TN

#37 May 19, 2013
I personally work for ORNL Federal Credit Union. Legally, they cannot take your money and they do not take your money. I have worked there for years, I know this does not happen ya crazy loons. Hahah. Good post though.
Tamer

Tucker, GA

#38 May 19, 2013
You all are too funny wrote:
I personally work for ORNL Federal Credit Union. Legally, they cannot take your money and they do not take your money. I have worked there for years, I know this does not happen ya crazy loons. Hahah. Good post though.
We are crazy loons? Maybe people are leaving the institution because the credit union employees have a nasty attitude calling people "crazy loons"? Additionally (this is a shocker) but businesses and financial institutions have committed illegal and unethical behaviors in the past (gasp). ORNL FCU certainly isn't exempt. Financial companies do it every day - just consult the FTC! For example violate the FCDPA. Thank you for taking the time to read our issues!
Wrong

Knoxville, TN

#39 Dec 5, 2013
a say wrote:
<quoted text>
It would be illegal for them to transfer funds without your permission. And since they conducted the funds transfer, that would mean that you had to have signed something, somewhere, authorizing it at a former time period. More than likely you didn't read each line of the contract when you signed it.
Don't blame others for your incompetence.
You are sooooo wrong

1.You must be made aware (full disclosure) of what you are signing

2. Disclosure that an institution with fiduciary control is going to do something does not constitute action especially when money is involved. If it was 12 hours they acted not only illegally, but also unethically and violated their fiduciary duty.
Look at it like this, if your friend owed you 20$ for a loan you gave him yesterday and he didn't pay it back within a few hours, would you go take it out of his bank account? I think not. Because its still his money unless he gave you permission ( on a case by case basis) to go withdraw it. Unless its an automatic draft from your account you have set up ORNL has violated their fiduciary duty at best and is teetering the line of culpable negligence against a business partner( if it damaged you) and not to rule out bank fraud.

If you think I'm wrong look at all the billion dollar class action lawsuits against big banks for doing this very thing back in the early 2000,s
Member

Oak Ridge, TN

#40 Dec 5, 2013
Wrong wrote:
<quoted text>You are sooooo wrong

1.You must be made aware (full disclosure) of what you are signing

2. Disclosure that an institution with fiduciary control is going to do something does not constitute action especially when money is involved. If it was 12 hours they acted not only illegally, but also unethically and violated their fiduciary duty.
Look at it like this, if your friend owed you 20$ for a loan you gave him yesterday and he didn't pay it back within a few hours, would you go take it out of his bank account? I think not. Because its still his money unless he gave you permission ( on a case by case basis) to go withdraw it. Unless its an automatic draft from your account you have set up ORNL has violated their fiduciary duty at best and is teetering the line of culpable negligence against a business partner( if it damaged you) and not to rule out bank fraud.

If you think I'm wrong look at all the billion dollar class action lawsuits against big banks for doing this very thing back in the early 2000,s
What can I do?
Member

Oak Ridge, TN

#41 Dec 5, 2013
They are a 501(c)3 yet are making profits in various ways. They labeled their managers "Retail Managers" they are charging for statements, overdraft protection etc.

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