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Overview / Commentary
901-385-5200
7845 Highway 64
Memphis, TN 38133

Orion FCU is headquartered in Memphis and is the 7th largest credit union in the state of Tennessee. It is also the 409th largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 132 employees and 55,035 members. Orion FCU has a B+ health rating.

Field of Membership Restrictions

We serve members from all over greater Memphis, including the following counties in: TENNESSEE; Shelby, Fayette, Tipton. MISSISSIPPI: Desoto, Marshall. ARKANSAS: Crittenden, Mississippi. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Orion FCU had $7.04 million in non-current loans and owned real-estate with $64.39 million in equity and loan loss allowances on hand to cover it. This gives Orion FCU a Texas Ratio of 10.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Orion FCU increased slightly from 5.42% as of December 31, 2012 to 10.94% as of December 31, 2013, resulting in a negative change of 101.95%. This indicates that the balance sheet and financial strength for Orion FCU has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Orion FCU has increased its total deposits by $8.67 million, resulting in 1.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Orion FCU has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Orion FCU has $527.59 million in assets with $64.39 million in equity, resulting in a capitalization level of 12.20%, which is excellent.

Institution Statistics

Overall
NCUA #24831
Year Chartered1957
Employees132
Primary Regulator
Assets and Liabilities
Assets$527.59 million
Loans$236.67 million
Deposits$463.09 million
Equity Capital$57.95 million
Loan Loss Allowance$6.43 million
Unbacked Noncurrent Loans$6.46 million
Real Estate Owned$581,000
Historic Data - December 2012
Assets$517.45 million
Equity Capital$57.75 million
Loan Loss Allowance$7.70 million
Unbacked Noncurrent Loans$6.46 million
Real Estate Owned$739,000
Profit Margin - Quarterly
Net Interest Margin3.23%
Return on Assets0.59%
Return on Equity5.36%
Interest Income$11.58 million
Rates

Sorry, we do not have rate data for Orion FCU

Locations


Orion FCU Locations
Branch Office3118 Covington PikeMemphis, TN 38128-5016
Branch Office7845 US Highway 64Memphis, TN 38133-4007
Branch Office310 New Byhalia RdCollierville, TN 38017-3706
Branch Office7960 Lowrance RdMemphis, TN 38125-2831
Branch Office3155 Millbranch RdMemphis, TN 38116-1917
Branch Office3120 S Perkins RdMemphis, TN 38118-3219
Branch Office335 S Walnut Bend RdCordova, TN 38018-7216
Branch Office641 S White Station RdMemphis, TN 38117-4510
Branch Office1975 Union AveMemphis, TN 38104-4030
Branch Office7845 US Highway 64Memphis, TN 38133-4007