OAK RIDGE, Tenn. — Colin Anderson, president and CEO of ORNL Federal Credit Union, has announced plans to retire on Sept. 30. A search for a successor is underway.
Anderson joined ORNL FCU in January 2013 as the CFO and was appointed president & CEO in July 2015.
During his tenure he has overseen asset growth to $3.1 billion and membership growth to 189,000 members from $1.6 billion and 167,000, respectively, according to the credit union.
List of Accomplishments
“During Anderson’s tenure, ORNL FCU has experienced substantial growth and change, establishing itself as an industry leader in financial innovation and brand reputation,” the CU said, adding that some of his accomplishments include:
- Expanding the credit union’s charter and field of membership from 16 to 19 counties
- Modernizing and consolidating the branch network, including the acquisition of two new branches in the expanded charter area, the relocation of four branches to new brick and mortar facilities, and the remodel of 12 locations
- Being the first-in-market for interactive teller machine deployment
- Creating a data intelligence department and system through a partnership with the CUSO Arkalytics
- Investing extensively in digital channel enhancements, including a new online banking platform, a proprietary P2P payment system, a 24/7 call center support expansion, and a new mortgage loan origination system
- Forming a CUSO holding company
- Rebranding the credit union and CUSO to better align with the organization's new purpose statement and core beliefs
- Returning value to the membership through the restoration of the special dividend payment. More than $21 million has been returned to members since 2018
- Establishing the Summer Sessions concert series in Oak Ridge and Kingston
Involvement in Community
“Anderson’s impact went beyond the walls of ORNL FCU. He was deeply involved in the community, both professionally and personally,” the CU added. “He was an active member on several boards, including the Oak Ridge Land Bank Corporation, Dogwood Arts, Knoxville Area Urban League, and the Oak Ridge Chamber of Commerce. Anderson served in various capacities on the Oak Ridge Chamber Board of Directors, including as chair, vice chair, and treasurer.
“A fervent supporter of the arts, Anderson continually worked to make art accessible to Oak Ridge and surrounding communities through various mediums,” the CU continued in a statement. “He was responsible for the creation of the credit union’s annual Summer Sessions concert series established in 2018, the installation of various outdoor sculptures throughout Oak Ridge and Knoxville, and the commissioning of large-scale mural projects painted across Oak Ridge, including at the credit union’s headquarters.”
A ‘Privilege’
“I feel very privileged to finish my career with such a great organization,” said Anderson. “I have thoroughly enjoyed the opportunity to lead the credit union through so much positive change and I am proud of our accomplishments. It’s been an honor to serve alongside my talented and dedicated coworkers for the last ten years; together we have worked hard to be the best financial partner for our members and to make our community a great place to live, work, and play.”
D.Hilton Associates has been retained to handle the search.
Feeling the FOMO? CUToday.info Can Help
Are you missing out on all the latest news? CUToday.info can help, as the biggest, best and freshest news reporting in credit unions remains free in ’23! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com