Colin Anderson, ORNL Federal Credit Union senior vice president and chief financial officer, discusses the new Oak Ridge branch on South Rutgers Avenue during a groundbreaking ceremony on Tuesday. Also pictured is board chair Marcy Catron.
Construction could start this month on an ORNL Federal Credit Union branch on South Rutgers Avenue, and the building could be complete by the end of the year, officials said.
The new branch will at the same site as the original main Oak Ridge branch. The branch will move from its current location next door at the ORNL Federal Credit Union headquarters building, which is also on Rutgers Avenue.
The estimated cost of the 5,000-square-foot branch at 215 South Rutgers Avenue is $4.5 million. Some materials from the original office will be used in the new building.
“This branch represents a multi-million-dollar vote of confidence in Oak Ridge,” said acting chief executive officer Colin Anderson, ORNL FCU senior vice president and chief financial officer. [Read more…]
