Estate planning at ORNL FCU
How to protect 14 ORNL FCU accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
ORNL FCU, P.O. Box 365, Oak Ridge, TN 37831
ORNL FCU, P.O. Box 365, Oak Ridge, TN 37831
Member Services (Death Claims)
ORNL Federal Credit Union, P.O. Box 365, Oak Ridge, TN 37831
ORNL FCU is a credit union offering 14 accounts that interact with estate planning in different ways. As a membership-based credit union, ORNL FCU membership open to anyone who lives, works, worships, or attends school in 19 East Tennessee counties: Anderson, Blount, Campbell, Claiborne, Cocke, Grainger, Hamblen, Jefferson, Knox, Loudon, McMinn, Meigs, Monroe, Morgan, Rhea, Roane, Scott, Sevier, and Union. Immediate family members of current members are also eligible. 33 branch locations (including 2 drive-thru ITM locations) across East Tennessee. Understanding how each account transfers at death—and which ones a trust can hold—helps families avoid probate delays and unintended outcomes.
At ORNL FCU, beneficiary designations are managed in branch, by mail, and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
ORNL FCU has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 14 account types at ORNL FCU.
View details →When someone dies
Death claim process
4-step process, 5 required documents, and contact information for survivors.
View details →Because ORNL FCU serves a limited number of states, procedures for trust funding and beneficiary changes may differ depending on your location. Verify availability before starting.
Frequently asked questions
ORNL FCU provides investment and advisory services through its Wealth Management Team in partnership with LPL Financial, a registered investment advisor and broker/dealer. Available products include brokerage accounts with stocks, fixed income, mutual funds, annuities, and insurance products, as well as Guided Wealth Portfolios (algorithm-based investing with advisor support, $5,000 minimum, age 68 or younger). Services include financial planning, retirement planning, wealth transfer and legacy planning, education planning, and account/portfolio reviews. Investment accounts can be titled to a trust or have TOD designations. These products are not NCUA insured, not credit union guaranteed, and may lose value. Online account access at myaccountviewonline.com.
Membership is open to anyone who lives, works, worships, or attends school in 19 East Tennessee counties: Anderson, Blount, Campbell, Claiborne, Cocke, Grainger, Hamblen, Jefferson, Knox, Loudon, McMinn, Meigs, Monroe, Morgan, Rhea, Roane, Scott, Sevier, and Union. Immediate family members of current members are also eligible. Membership requires opening a Membership Account with a $1 minimum deposit.
ORNL FCU offers Health Savings Accounts (HSAs) for members with High Deductible Health Plans. Contributions can be made by individuals or employers. Accounts are accessible via Visa Debit Card or check. An HSA Share Certificate option is available for higher tax-free dividends. HSA accounts earn 0.01% APY on the savings balance. HSA accounts cannot be retitled to a trust and use individual beneficiary designations.
Spending Plus is a high-yield checking account earning 3.25% APY on balances up to $5,000, with 0.01% APY on amounts above $5,000. One account per primary member. It requires a $25 initial deposit with no minimum balance and no monthly fees. Dividends are paid monthly. Includes two free boxes of standard checks yearly, free domestic wire transfers, and up to four free cashier's checks or money orders quarterly. Members under 60 pay check shipping. Access to 30,000+ fee-free ATMs.
Sources
Data sourced from ORNL FCU primary sources (15 pages reviewed). How we research.
ORNL FCU, P.O. Box 365, Oak Ridge, TN 37831
ORNL FCU, P.O. Box 365, Oak Ridge, TN 37831
Member Services (Death Claims)
ORNL Federal Credit Union, P.O. Box 365, Oak Ridge, TN 37831
Estate planning articles
Learn how to protect your ORNL FCU accounts and other assets with trusts, beneficiary designations, and estate planning documents.
