Featured Savings Rates
Featured Accounts

Orion Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.00%Reward CheckingPremium Checking
1.85%5-year CD60 Month Share Certificate
0.65%1-year CD12 Month Share Certificate

Overview / Commentary
901-385-5200
7845 US Highway 64
Memphis, TN 38133-4007

Orion Federal Credit Union is headquartered in Memphis and is the 7th largest credit union in the state of Tennessee. It is also the 415th largest credit union in the nation. It was established in 1957 and as of September of 2016, it had grown to 157 employees and 62,860 members at 9 locations. Orion Federal Credit Union has 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

Related Posts

Orion FCU (TN/MS/AR) Adds 100 Basis Points To Premium Checking APY - 10/21/2016

Orion Federal Credit Union's (TN/MS/AR) Premier Checking account earns 3.00% APY on qualifying balances up to $20k; qualifying balances over $20k earn 0.05% APY.

3% Checking (On Balances Up To $20,000) At Orion FCU In Memphis Area - 10/20/2016

Orion Federal Credit Union’s Premium Checking 3% apy $0 - $20,000 0.05% apy $20,000 and over In order to qualify for 3.00% APY and avoid the $5 monthly service fee, the following conditions must be met each month: - Electronically deposit no less than $500 - Perform 8 signature based debit card transactions

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Reviews (2)

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.

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.



Health
A+

Health Grade Components

Overall
NCUA #24831
Year Chartered1957
Employees157
Primary Regulator
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD9.32%
Annual Interest Income$13.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$636.4MM$574.6MM
LoansQ3 2016vs Q3 2015$512.9MM$424.4MM
DepositsQ3 2016vs Q3 2015$543.4MM$496.5MM
Equity CapitalQ3 2016vs Q3 2015$71.6MM$65.0MM
Loan Loss AllowanceQ3 2016vs Q3 2015$4.2MM$3.9MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.0MM$1.7MM
Real Estate OwnedQ3 2016vs Q3 2015$110.00K$310.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

3% Checking (On Balances Up To $20,000) At Orion FCU In Memphis Area

greco   |  
Orion Federal Credit Union’s Premium Checking

3% apy $0 - $20,000
0.05% apy $20,000 and over

In order to qualify for 3.00% APY and avoid the $5 monthly service fee, the following conditions must be met each month:
- Electronically deposit no less than $500
- Perform 8 signature based debit card transactions

Rates
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Always verify rates and promotions with the bank or credit union. We are not Orion Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Orion Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Roth IRA Share Account
0.25%--CESA Account
0.25%--Traditional IRA Share Account
0.05%--Miscellaneous Shares
0.05%--Christmas Club
0.05%--Primary Share Accounts

Orion Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Money Market
OTHER TIERS: 0.05% $10k - $25k | 0.10% $25k - $50k | 0.20% $50k - $100k

Orion Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$20kPremium Checking
OTHER TIERS: 0.05% $20k+
0.05%--Orion Checking

Orion Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$500-60 Month Share Certificate
1.45%$500-48 Month Share Certificate
1.05%$500-36 Month Share Certificate
0.80%$500-24 Month Share Certificate
0.65%$500-12 Month Share Certificate
0.50%$500-6 Month Share Certificate

Orion Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$500-60 Month IRA Share Certificate
1.05%$500-36 Month IRA Share Certificate
0.75%$500-24 Month IRA Share Certificate
0.65%$500-12 Month IRA Share Certificate
Locations


Orion Federal Credit Union 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 Office4805 American WayMemphis, TN 38118-2412
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