# ORION
Memphis, TN · NCUA charter 24831 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/orion-24831

Who the members are: federal charter, multiple common bond, organized 1957, low-income designated. 69,342 members of 1,315,516 potential (5.3% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 33.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.30B |
| Members | 69,342 (2.5% YoY) |
| Full-time staff | 195 |
| Net worth | $239.4M |
| Net worth ratio | 18.4% (p98 of band) |
| ROA (annualized) | 0.13% (p7 of band) |
| Total delinquency | 0.56% (p44 of band) |
| Net charge-offs (annualized) | 0.73% (p70 of band) |
| Loans / shares | 105% (p96 of band) |
| Cash / assets | 8.5% |
| Borrowings / assets | 8.08% |
| Net interest margin | 3.23% (p44 of band) |
| Operating expense / assets | 3.97% (p85 of band) |
| Vehicles % of loans | 17% (p25 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 51% |
| Third-party paper % of net worth | 153% (p55 of band) |
| Vehicle delinquency | 1.03% (p80 of band) |
| Vehicle NCO | 2.89% (p94 of band) |
| Repossessed % of vehicle book | 0.20% (p82 of band) |
| Real estate % of loans | 31% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 191% |
| Core shares % of member funds | 53% |
| Certificates % of member funds | 8% |
| Average share balance | $5,018 |
| Participations bought / yr | $0 |
| Participations sold / yr | $75.3M |
| Participations outstanding | $161.0M |
| Loans outstanding per 100 members | 33% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $47,517 |
| Loans granted, annualized | $570.7M |

## Participation posture (from the same filings)

Bought $0 and sold $75.3M in the latest annualized quarter; $161.0M outstanding purchased (67.3% of net worth), $19.5M sold and retained. Sold in 3 and bought in 4 of the last 8 quarters. Shares 4.1% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **loans>95% of shares** (`str_ltos`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | loans>95% of shares |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | net worth falling |  |
| 2017-09 | 2 |  | net worth falling |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | delinquency rising |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 | members leaving | delinquency rising |
| 2019-06 | 4 | net worth falling, delinquency rising | loans>95% of shares |
| 2019-09 | 3 | margin squeeze | members leaving, delinquency rising |
| 2019-12 | 2 | loans>95% of shares | net worth falling, margin squeeze |
| 2020-03 | 3 | delinquency rising |  |
| 2020-06 | 2 |  | delinquency rising |
| 2020-09 | 2 | members leaving | loans>95% of shares |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 2 | loans>95% of shares | members leaving, net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 1 |  | loans>95% of shares |
| 2022-03 | 2 | loans>95% of shares |  |
| 2022-06 | 4 | delinquency rising, leaning on borrowings |  |
| 2022-09 | 5 | delinquency 2x band |  |
| 2022-12 | 6 | net worth falling |  |
| 2023-03 | 7 | charge-offs p90 |  |
| 2023-06 | 6 |  | net worth falling |
| 2023-09 | 6 |  |  |
| 2023-12 | 5 | members leaving | delinquency rising, delinquency 2x band |
| 2024-03 | 7 | net worth falling, repo signal, loan book shrinking | members leaving |
| 2024-06 | 4 |  | net worth falling, repo signal, loan book shrinking |
| 2024-09 | 5 | members leaving |  |
| 2024-12 | 3 |  | charge-offs p90, members leaving |
| 2025-03 | 4 | net worth falling |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-21 [Orion Federal Credit Union - Poplar Avenue archimania - World-Architects](https://news.google.com/rss/articles/CBMioAFBVV95cUxOamxjSS1zVHZYNmdPY3k4NzhJanFvRXhlZkJPUEdIcmpJQTZtM0RaaWRVSEhTN1QtaS1WdjIwdXFfYm9BWnRfRS1mQXNzU1RMc2Vkb0pUTERxS2pHaFMzN2QtVHMtanNrTmVoMl9vS3Y2blBuaGlOZkV2LWc2QTBVc1RMQ2VWWmxEYmJ1bFNhdkhvZlhMMThiS3lubWw0VVZa?oc=5) · World-Architects
- 2025-11-12 [Man accused of using woman to defraud Mid-South credit union of more than $60K - Action News 5](https://news.google.com/rss/articles/CBMirAFBVV95cUxQM2J3ekIwdWNWd2gxOXo2cjFrLXVPODdyQl9ncXBLSTZmQWczSEcybUZPbUt1OEpva1NjZF9TaDhTRXljZzNSRWJUa0ZJTV9nYVQ4TkFTMlRjcTBnQ1FPOVNXVGp4bHVoajYzMmFZXzMyWlhFeXQ0MERnR0diSUJlcFJVMDljQS13WnpzZkI0OE5PdVVzcHltUFhpZTNOU0NHZXpxa0ZrNk1hVVU1?oc=5) · Action News 5
- 2025-02-16 [Orion credit union has a new leader, and she’s focused on growth - Daily Memphian](https://news.google.com/rss/articles/CBMimgFBVV95cUxOQ1cycjN4ZkEtVDFHREk5cXpZSkFwWXBqd0Q5dksyaVBodjNHdW9EbnphdEpRQWN5M1NwTHg5QUppTmVPNEliR1p4ZGF3Tm5VVnR5NHVmMEFwaS1IN2ZDdlUzUnR3aGVUbkFha0labzNINzRZNWYwM1E1RVJkbEExdlJfVkVlUHlubUZINGNPU0w3WVBCWEV4UERn?oc=5) · Daily Memphian
- 2021-08-12 [Memphis-based Orion Federal Credit Union to buy Financial Federal Bank - Banking Dive](https://news.google.com/rss/articles/CBMisAFBVV95cUxQa1ktMHpLempDeGgzYjJobzBGbXU2STNZLXl2UDhGMHBIUGZhdEV3ZndCWVZOR1doTjVoVVpMSHFrbm95aFozWXhqWDFyc0lxb1FtTnlFRzFWa2pSdjduM3N1V01IYVhaYUxiei1JY3JBQ0Z5LVE5aFVBNjJZLU1IYVJteXRQRU1XOUpGOHUwQmdYTklvaFY4eXJqaUFXM2I4NE8zZDRkcDQzb2lZSnpTTQ?oc=5) · Banking Dive
- 2025-11-20 [Former real estate agent arrested, accused of stealing more than $1M - FOX13 Memphis](https://news.google.com/rss/articles/CBMi5AFBVV95cUxON3dIMHdlT0EyT01FNW4tWGsxQ3d2LWUyMG12ajNYZ2FPbk81bks2RmVMUGRXb0lNS2labXBlb0pIR3EtN2ZnU0NFWEJBRno3RFUyanNiY0s2dTBjT1J0eXY3NXZBRENPZXNFU3lzRVYwS0poLVRSMl9Yc2hDX1E5WGlQOURPQTRxVGVud253cUlFUlZxNVlvT09LdVdja2RRMUxPYmNTOEI2ZFpFNk1iWGYtaGRrOWlmZjN5M3ByTTRYM3JUVFJuNmV0bTJRZFRMTm5WMjI5NERrZEY4WFhnSFB1Y2U?oc=5) · FOX13 Memphis
- 2025-11-13 [Arrest made after fake $220k U.S. Treasury check deposited in bank - WREG.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxNSDhmeTh5eUx2Vnh3ZGtBWE1udGNUUVAxSlBQZEEyV2N6QXBESlJZTEk1MUg3dW1UR2hYc1BNRHZhb2wzd1A3Q3E5RmxfNGlrWFN1TnNEZ3NpeVVrSnlmUUNsTGhfVGJadmFURmRPQlZBRnI4ekR4ZXZOZ1BFZE9ZUGg2c3RxbTFGcURwYWctazDSAZYBQVVfeXFMT0lLOEJZNGJJNWIyS3NtNkFMbTNIaHpFbGJrMlEtTE04TVhfV1ZpdWxrckIxZlllNHZxcENTWFpfU1ZWYzZhS01wbVBwMDEtSXNFVl9XamgtU25TTHJlNEd3NkZKN2o4LUotc1pVYzU2NmNsTHRoc1EzdHdRUG5jUmZSeXFmN3Z5TTZnX09YNHhkemZxbktn?oc=5) · WREG.com
- 2019-06-04 [Orion Moves HQ to Historic Wonder Bread Site - Greater Memphis Chamber of Commerce](https://news.google.com/rss/articles/CBMilgFBVV95cUxPek9GUzg0VVZNcHJud0t0SFotNW45eU5qYlVJSFYteEdGMTNwcVpnbTduNTJPVHNsQU1KX3lMcTZqcHpoU1BHS0xKZWc3TmJiTVU2LVl4WjRvRGctbElndms4b19UdWlvYi0ydFNjSlNIY2ZCT1hhMERoaEF4dEc1S2NsYTJhZWVLYnlLR1d6cEhjQjdnTGc?oc=5) · Greater Memphis Chamber of Commerce
- 2025-02-21 [Orion, Financial Federal deal is dead - Daily Memphian](https://news.google.com/rss/articles/CBMijwFBVV95cUxPeXRGT0UzM3V2aDJia0RVa21DZXVHQlZBVTdvYm5GaVRqU2NLQVhfZlJzVXhnX2kzWS1uUTE2ZUg4WHI5MkVLSHJTREMzNDV1ZWJRZzFtNXlvREo5NmxPM3g2SHZOV09EOWlNNGllYVNQdnI0eDVQcmtkd3E0ejVCZGlrbk1yYV8yVjlWZVpfSQ?oc=5) · Daily Memphian

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24831 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/63.json (key "24831", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=24831
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide