Orion Federal Credit Union


Overview / Commentary
901-385-5200
400 Monroe Ave
Memphis, TN 38103

Orion Federal Credit Union is headquartered in Memphis and is the 7th largest credit union in the state of Tennessee. It is also the 381st largest credit union in the nation. It was established in 1957 and as of March of 2025, it had grown to 171 employees and 67,682 members at 11 locations. Orion Federal Credit Union's CD rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Orion Federal Credit Union is open to anyone through volunteering to donate $10 to one of five organizations through the credit union: Habitat for Humanity Greater Memphis, Hope House, Porter-Leath, Ronald McDonald House, and Wolf River Conservancy. Membership is also 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

Reviews (4)

Rejected By A Robot

Posted by: |

I got to the very last page of the application and was given a Notice of Adverse Action. Supposedly they rejected me based on my Equifax or Chex Systems reports. That's funny - I monitor those frequently, and there's nothing wrong with them. The letter says to call, so I called, and they told me to email. I emailed and they repeated the same thing that the letter says. It's possible their robot didn't like my credit freeze. If so, it should be programmed to state that as the reason. I'd love to know who qualifies to join their elite club!

Customer Service

As customer service sets a new low-Orion is well below that.Been holding for 1.5 hours. For a company that has someone else collect their mortgage payments and insurance you would think they would be able to hire at least 2 people to answer phones. Pathetic! One call ahead of me for last 40 min.

They Should Just Call Themselves A Bank.

They have very strict rules, and will charge penalties for not following them. They will even put your account in the negative, and hit you with an overdraft fee. Negative to them is less than $25. This is the worst credit union I ever had. The other reviews also show why you should stay away.

Bad Buisness

We get a call from collections stating we owe them an extra payment for our truck. They allocated our payment to our other account. We have proof and they defrauded us. They won't even let us talk to a manager. "A manager won't be able to help you." These people have stolen a truck payment from us. We are reporting them you should stay away from doing buisness with crooks.



Health

Health Grade Components

Overall
NCUA #24831
Year Chartered1957
Employees171
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.05%
Annual Interest Income$14.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.25B$1.27B
LoansQ1 2025vs Q1 2024$1.01B$969.4MM
DepositsQ1 2025vs Q1 2024$992.5MM$1B
Equity CapitalQ1 2025vs Q1 2024$132.6MM$131.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$10.1MM$10.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$5.1MM$7.3MM
Real Estate OwnedQ1 2025vs Q1 2024$159K$248K
Rates
Report an Issue

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
0.01%$0-Miscellaneous Shares
0.01%$0-Primary Share Accounts
0.01%$0-Business Share Savings

Orion Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Money Market
OTHER TIERS: 0.01% $0 - $10k | 0.05% $10k - $25k | 0.10% $25k - $50k | 0.20% $50k - $100k
0.25%*$100k*-Business Money Market
OTHER TIERS: 0.01% $0 - $10k | 0.05% $10k - $25k | 0.10% $25k - $50k | 0.20% $50k - $100k

Orion Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$10kPremium Checking
OTHER TIERS: 1.75% $10k - $75k | 3.00% $75k - $100k | 4.50% $100k+

Orion Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.40%$500-6 Month CD
3.40%$500-Business 6 Month CD
3.25%$500-12 Month CD
3.25%$500-Business 12 Month CD
2.25%$500-24 Month CD
2.25%$500-Business 24 Month CD
2.00%$500-36 Month CD
2.00%$500-Business 36 Month CD
1.75%$500-60 Month CD
1.75%$500-48 Month CD
1.75%$500-Business 48 Month CD
1.75%$500-Business 60 Month CD

Orion Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$500-12 Month IRA
2.25%$500-24 Month IRA
2.00%$500-36 Month IRA
1.75%$500-60 Month IRA
0.01%$0-IRA Share Account
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.