Sep, 30, 2025 — ORION FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 11 branch locations and about $1.29 billion in total assets. Opened 69 years ago in 1957, ORION FEDERAL CREDIT UNION has about 67,877 members and employs 180 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ORION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 Monroe Ave MEMPHIS, TN 38103 |
| Phone: | (901) 385-5200 |
| Fax: | (901) 385-5200 |
| Website: | https://www.orionfcu.com |
| Branches: | 11 branch locations |
| Members: | 67,877 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24831 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,287,287,686 |
| CEO/Manager: | Ashley McDurmon |
| Chairperson: | Andre' Fowlkes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 127,663,867 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 7,116,286 |
| Real Estate Loans | 750,376,091 |
| Unsecured Loans | 33,616,905 |
| Other Loans | 274,206,966 |
| TOTAL LOANS | 1,058,227,089 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,595,752 |
| Land And Building | 32,858,321 |
| Other Fixed Assets | 4,371,976 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,980,737 |
| All Other Assets | 774,612 |
| TOTAL ASSETS | 1,287,287,686 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,032,722 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 105,000,000 |
| Share Drafts | 316,061,765 |
| Regular shares | 233,804,239 |
| All Other Shares & Deposits | 473,447,097 |
| TOTAL SHARES & DEPOSITS | 1,023,313,101 |
| TOTAL LIABILITIES | 1,153,450,795 |
| Regular Reserve | 0 |
| Other Reserves | 3,142,672 |
| Undivided Earnings | 130,694,219 |
| TOTAL EQUITY | 133,836,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,287,287,686 |
| INCOME & EXPENSE | |
| Loan Income | 40,156,777 |
| Investment Income | 4,553,250 |
| Other Income | 4,609,420 |
| Total Employee Compensation & Benefits | 18,673,319 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,216,055 |
| Non-operating Income & (Expense) | -5,748 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,858,873 |
| Cost of Funds | 13,206,481 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,903,162 |
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