MEMPHIS,
Tenn., June 20, 2024 /PRNewswire/ -- Orion, a
community-based financial institution, announced today that
Ashley McDurmon will take the reigns
as President and CEO on Jan. 1, 2025,
following the retirement of Daniel
Weickenand at the end of 2024.
McDurmon is a senior financial services executive with more than
20 years in the industry. She has served as Orion's Executive Vice
President and Chief Financial Officer since 2019. Prior to joining
Orion, McDurmon served as a Partner at HORNE LLP and led their
Financial Institutions Practice Group.
"McDurmon is a highly accomplished business leader with an
extensive understanding of not only Orion, but also the greater
financial industry. Most importantly, McDurmon has a passion for
serving Orion's membership and the Memphis community. The Board of Directors is
excited about the next chapter of Orion and looks forward to
working with McDurmon as we continue to drive innovation in the
financial services sector," stated Andre
Fowlkes, Orion's Chairman of the Board.
McDurmon's strategy will focus on creating an unrivaled customer
experience by leveraging digital capabilities and technology. "The
banking industry is undergoing monumental change and disruption
right before our eyes. The Orion of the future will need to adapt.
Our executive team and Board will be focused on turning that
disruption into opportunity," stated McDurmon.
"Orion is an extraordinary financial institution. I am delighted
to have the opportunity to serve and lead Orion's creative,
talented, and dedicated team," McDurmon said. Throughout her
career, she has developed a deep passion for community-based
financial institutions and the critical economic role they serve in
our neighborhoods. "Banking institutions are the hub of economic
activity and development in our communities. What a gift it is to
lead Orion, a customer-owned financial institution that is uniquely
positioned to serve individuals, families, and businesses as they
realize their biggest financial goals and life dreams."
"Ashley has played an integral role as a leader at Orion since
2019. She has a deep working knowledge of Orion's financial tactics
and everyday operations, plus the talent to fuel Orion's future
growth strategy. It will be a seamless transition," stated
Daniel Weickenand, Orion's current
CEO.
Before joining Orion in 2019, McDurmon was one of the youngest
female partners at HORNE LLP. McDurmon earned her Bachelor's in
Business Administration in Accountancy from Freed Hardeman University and is a graduate of the
Southeastern School of Banking. She is a Certified Public
Accountant and a member of the American Institute of Public
Accountants. McDurmon serves on the Board of Directors for the
Overton Park Shell and on the Memphis Symphony Orchestra's Circle
of Friends.
ABOUT ORION: Founded in Memphis in 1957, Orion Federal Credit Union
has grown to become the largest credit union in the Mid-South with
70,000 members and more than $1.2
billion in assets. Orion offers a full spectrum of banking
options ranging from savings and checking accounts to auto, home,
personal and commercial real estate loans. As a member-owned
financial institution, Orion's profits are passed along to members
through higher deposit rates, lower loan rates, and affordable
financial services that help pave the way to financial freedom.
Bank anytime, anywhere at OrionFCU.com. Orion is an
equal housing lender and insured by the NCUA.
Press Contact for Orion FCU:
Casey Condra
Chief Marketing Officer
901.266.2700
ccondra@orionfcu.com
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SOURCE Orion Federal Credit Union