Overview / Commentary
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 374th largest credit union in the nation. It was established in 1957 and as of September of 2018, it had grown to 209 employees and 77,217 members at 10 locations. Orion Federal Credit Union's CD rates are 2X 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

Related Posts

Orion Federal Credit Union Premium Checking Now Earns 4.00% APY - 12/26/2018

Orion Federal Credit Union (AR/MS/TN) has raised the rate on its Premium Checking to 4.00% APY and increased the qualifying balance cap to $30k.

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Reviews (5)

Great Credit Union

Posted by: RonJ | Dec 11, 2018

Was able to sign up for a membership even though I live in California, they even paid the fee required to do so.

Signed up for a 4% Premier Checking account on up to $30,000 and then signed up for another 4% Premier Checking account for another $30,000.

Only downside was that when you open the first account, it is an Equifax hard pull though the second account does not have a hard pull if you open it within 60 days of opening the first account.

Overall an easy way to make $2400 a year risk free and only have to use my debit card 16 times in any amount (8 per account) and transfer $500 to each account monthly (and that can be withdrawn immediately.

Orion FCU is great!

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.

Worst Credit Union I Have Ever Worked With!!

Posted by: mpharris1 | Oct 31, 2018

I would give them Zero stars if the system would allow it. This is the worst credit union I have ever had my money with.

Deposit sitting there ready to hit and they charged me over $300 in fees. I am beyond disgusted with this credit union.

DO NOT USE THEM - unless you want them to suck your bank account dry with their BS fees.

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 Grade Components

NCUA #24831
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD1.62%
Return on Equity - YTD13.41%
Annual Interest Income$22.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$810.5MM$703.4MM
LoansQ3 2018vs Q3 2017$722.6MM$612.7MM
DepositsQ3 2018vs Q3 2017$656.9MM$597.1MM
Equity CapitalQ3 2018vs Q3 2017$96.4MM$81.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.4MM$3.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.8MM$1.6MM
Real Estate OwnedQ3 2018vs Q3 2017$65.00K$36.00K
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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

0.25%--IRA Share Account
0.05%--Miscellaneous Shares
0.05%--Christmas Club
0.05%--Primary Share Accounts
0.05%--Primary Business Share (Savings)

Orion Federal Credit Union Money Market Rates

0.50%*$100k*-Business Money Market
OTHER TIERS: 0.01% Up to $10k | 0.20% $10k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k
0.25%*$100k*-Money Market
OTHER TIERS: 0.01% Up to $10k | 0.05% $10k - $25k | 0.10% $25k - $50k | 0.20% $50k - $100k

Orion Federal Credit Union Checking Account Rates

4.00%*-$30kPremium Checking
OTHER TIERS: 0.05% $30k+
1.00%-$100kPremium Business Checking
1.00%-$500kPremium Business Checking w/ Relationship
0.05%--Orion Checking

Orion Federal Credit Union CD Rates

2.35%$500-60 Month CD
2.35%$500-Business 60 Month CD
2.30%$500-48 Month CD
2.30%$500-Business 48 Month CD
2.25%$500-36 Month CD
2.25%$500-Business 36 Month CD
2.15%$500-24 Month CD
2.15%$500-Business 24 Month CD
1.85%$500-12 Month CD
1.85%$500-Business 12 Month CD
1.25%$500-6 Month CD

Orion Federal Credit Union IRA Rates

2.35%$500-60 Month IRA
2.25%$500-36 Month IRA
2.15%$500-24 Month IRA
1.85%$500-12 Month IRA

Cities: Collierville, Cordova, Memphis

Collierville Branches
Branch Office310 New Byhalia RdCollierville, TN 38017-3706

Cordova Branches
Branch Office335 S Walnut Bend RdCordova, TN 38018-7216

Memphis Branches
Branch Office3118 Covington PikeMemphis, TN 38128-5016
Branch Office7845 US Highway 64Memphis, TN 38133-4007
Branch Office7960 Lowrance RdMemphis, TN 38125-2831
Branch Office3155 Millbranch RdMemphis, TN 38116-1917
Branch Office4805 American WayMemphis, TN 38118-2412
Branch Office641 S White Station RdMemphis, TN 38117-4510
Branch Office1975 Union AveMemphis, TN 38104-4030
Branch Office821 Poplar AveMemphis, TN 38105-4525

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