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Media Room

Date: 5/06/2020

ORNL FCU Announces Special Loan Refinancing Discounts For Healthcare Professionals and First Responders

ORNL Federal Credit Union (ORNL FCU) has announced that healthcare professionals and first responders battling COVID-19 on the frontlines are eligible for exclusive home and auto loan refinancing discounts. Open to members and non-members, those who directly impact public safety qualify for the Hero Loan Program, including healthcare professionals, EMTs, active military personnel, fire and rescue workers, utility line workers, and law enforcement officers.


  • Home Loan Refinancing & Home Equity Lines of Credit: ORNL FCU will waive origination fees (typically 1% of the loan amount) for those wanting to refinance a current mortgage or open a new Home Equity Line of Credit.


  • Auto, Boat, and RV Refinancing: A .25% discount will be applied to an approved rate when refinancing an auto, boat, or RV loan from another financial institution. Plus, those who refinance will receive up to 1% cash back (up to $500) and can take up to 90 days to make their first payment.


ORNL FCU also continues to offer the Pandemic State of Emergency Loan for all members impacted by COVID-19. Members can apply for an unsecured loan at a fixed 0% APR for the first six months and a fixed 3% APR for the remainder of the loan term. The special rate is available to existing ORNL FCU members (of at least 90 days) who meet specific qualifications. It offers a maximum term of 48 months and members can take up to 90 days to make their first payment. Small businesses may also qualify for this loan program. 


Eligible members and non-members can take advantage of these loan and discount programs by contacting ORNL FCU at 865.688.9555 or 800.676.5328. All loans subject to credit approval; qualified borrowers only. Membership eligibility required. Rates subject to change at any time. Other restrictions may apply.