Memphis Area Teachers’ CU Changes Name To Orion FCU

Register now

MEMPHIS, Tenn. – Memphis Area Teachers’ CU is converting to a federal charter and will be known starting in mid-June as Orion FCU.

The $530 million credit union has dropped “teachers” from the new name because even though educators make up a large part of its membership, many area residents meet the eligibility requirements to join.

One of the benefits the credit union will get from becoming a federally regulated institution is the elimination of state exam fees.

 

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER