Oak Ridge, Tenn. – ORNL Federal Credit Union (FCU), East Tennessee’s largest credit union, has announced that T. Wayne Hood, Esq. has been appointed Senior Vice President and General Counsel.
Hood will provide senior leadership in regards to compliance, policy amendments, internal controls and overall risk management for the credit union.
“As ORNL FCU continues to evolve financially and culturally, legal guidance becomes increasingly important to ensure sound and responsible management of our members’ finances and trust,” said Chris Johnson, CEO. “Wayne will be a key resource in disseminating compliance information throughout our organization, educating our staff regarding emerging risk management and compliance issues and coordinating regulatory examinations.”
Hood’s responsibilities at ORNL FCU will include reviewing credit union policies and procedures to ensure compliance with all related laws and regulations, recommending policy changes to senior management that will facilitate the credit union’s compliance program, reducing risk, reflecting changes in regulations, updating and disseminating information regarding laws and regulations and providing legal counsel/handling legal matters.
A Certified Regulatory Compliance Advisor, Hood’s expertise and experience with the unique needs of credit unions will be instrumental in the development of the policies and procedures that reflect ORNL Federal Credit Union’s business model, strategic goals and core values.
Hood most recently served on the banking, real estate and financial services and business services groups of Butler, Snow, O’Mara, Stevens and Cannada, PLLC Law Firm in Nashville, Tenn.
He holds a bachelor’s degree from Harding University and a juris doctorate from the University of Mississippi.
ORNL Federal Credit Union is a not-for-profit financial cooperative locally owned and operated by its members for the benefit of all who belong. Established in 1948 with 10 founding members, ORNL Federal Credit Union’s assets have grown to over $1 billion and membership has grown to over 150,000. Open to all businesses and anyone who lives, works, worships, or attends school in the 16 counties of Central East Tennessee, ORNL Federal Credit Union currently serves members in 32 branches located throughout Anderson, Blount, Campbell, Hamblen, Knox, Loudon, Monroe, Roane, Sevier and Union counties.
Jeff Hooper, Ackermann PR
Phone: (865) 584-0550