Orion Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
3.00%	Reward Checking	Premium Checking 1.83% - National Average
1.85%	5-year CD	60 Month Share Certificate 2.35% - Synchrony Bank 60 Month CD
1.00%	1-year CD	12 Month Share Certificate 1.40% - Synchrony Bank 12 Month CD

View all Orion Federal Credit Union rates »

Overview / Commentary

orionfcu.com

901-385-5200

7845 US Highway 64
Memphis, TN 38133-4007

Orion Federal Credit Union is headquartered in Memphis and is the 7^th largest credit union in the state of Tennessee. It is also the 413^th largest credit union in the nation. It was established in 1957 and as of March of 2017, it had grown to 160 employees and 64,401 members at 10 locations. Orion Federal Credit Union's CD rates are 11% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Orion Federal Credit Union is open to residents of Shelby, Tipton, and Fayette Counties in Tennessee; Desoto and Marshall Counties in Mississippi; and Crittendon and Mississippi Counties in Arkansas (membership details are listed in the credit union's online application).
See current membership details

Orion FCU is great!

Posted by: garlandcosta | Jan 20, 2017

I highly recommend Orion Federal Credit Union. When I originally joined it was known as the Memphis Teacher's Area Credit union and it was the first banking institution I used. I have been very pleased with their service over the years. Internet banking with Orion is decent but not as versatile as it would be with one of the major banks. I do not use it as much as I have previously now that I am no longer in the Memphis area but I would highly recommend it anyone that lives there. Most of my experiences come from the Hacks Cross location but I have had a great experience with several other branches that I visited over the years.

Comment

1

Bank In The Stone Age

Posted by: SRB | Sep 12, 2015

They use the ATM's of twenty years ago (i.e., if you make an ATM deposit, you must use an envelope, even if it's cash,and it takes two days to clear; this has caused extreme problems for me as a contract worker, because I don't have direct deposit). There is no real local representation at this institution "after hours" (I almost called it a bank, for it behaves very nearly to one). After hours, you're sent to the Philippines, or some other foreign country.

The tellers are nice enough, but I met with a branch manager, and as she was talking to me, she was looking away. I was really surprised at her unprofessionalism, not to mention her poor grammar. Lastly, I have been on hold for 45 minutes as I write this, trying to report a lost debit card. Any real institution would make security a top priority. As it stands, this place calls itself a Credit Union, but there is no unity. On a corporate level, they couldn't care less about their customers.

Addendum: the operator just answered, from a 3rd party company who actually "closes down" (his words, in broken English) cards that are lost or stolen. His only job is to deactivate the card, not to issue a replacement (by asking for my personal information: really??). He just said I'd have to call Orion about this Monday. Funny, I dialed Orion's phone number tonight. I guess I wasn't talking to them.

Comment

1

They Get One Star Because I Cannot Give Them Fewer

Posted by: kevmlong | Jul 26, 2012

Suffice to say that this credit union has made it nearly impossible for me to make payments on my educational line of credit by not providing me with a convenient and reasonable way to make payments on the loan since I moved out of state. The employees are unhelpful and unwilling. STAY AWAY! There are much better credit unions out there.

Comment

3

Health

A+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	24831
Year Chartered	1957
Employees	160
Primary Regulator

Profit Margin
Return on Assets - YTD	1.32%
Return on Equity - YTD	11.48%
Annual Interest Income	$5.4MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$674.9MM$615.3MM
Loans	Q1 2017vs Q1 2016	$564.4MM$477.0MM
Deposits	Q1 2017vs Q1 2016	$575.5MM$529.2MM
Equity Capital	Q1 2017vs Q1 2016	$76.2MM$68.0MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$3.4MM$3.8MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.6MM$1.8MM
Real Estate Owned	Q1 2017vs Q1 2016	$182.00K$302.00K

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