Dec, 31, 2023 — ORION FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 11 branch locations and about $1.24 billion in total assets. Opened 67 years ago in 1957, ORION FEDERAL CREDIT UNION has about 69,112 members and employs 185 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 |
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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: | 69,112 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24831 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,244,505,765 |
CEO/Manager: | Daniel J Weickenand |
Chairperson: | Andre' Fowlkes |
ASSETS: | $ Amount |
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Cash & Equivalents | 156,172,272 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 3,379,178 |
Real Estate Loans | 620,978,547 |
Unsecured Loans | 44,539,288 |
Other Loans | 343,677,438 |
TOTAL LOANS | 1,009,239,971 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,997,202 |
Land And Building | 33,091,440 |
Other Fixed Assets | 3,339,942 |
NCUSIF Deposit | 9,202,540 |
All Other Assets | 943,575 |
TOTAL ASSETS | 1,244,505,765 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 24,912,009 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 105,000,000 |
Share Drafts | 319,861,217 |
Regular shares | 284,371,372 |
All Other Shares & Deposits | 379,043,492 |
TOTAL SHARES & DEPOSITS | 983,276,082 |
TOTAL LIABILITIES | 1,113,326,136 |
Regular Reserve | 0 |
Other Reserves | 3,029,176 |
Undivided Earnings | 128,150,453 |
TOTAL EQUITY | 131,179,629 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,244,505,765 |
INCOME & EXPENSE | |
Loan Income | 53,472,435 |
Investment Income | 4,851,004 |
Other Income | 5,345,421 |
Total Employee Compensation & Benefits | 20,930,152 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,953,080 |
Non-operating Income & (Expense) | 2,578,017 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,868,336 |
Cost of Funds | 12,626,006 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,251,475 |
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