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P.O. Box 1210
Tullahoma, TN 37388

Ascend Credit Union is headquartered in Tullahoma and is the 2nd largest credit union in the state of Tennessee. It is also the 109th largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 313 employees and 143,492 members. Ascend Credit Union's money market rates are 36% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Membership into Ascend FCU is open to those who live, work, worship, or attend school in certain areas of Tennessee. People 50 and over can qualify from additional parts of Tennessee by joining the 50 Plus Club. - See Details

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Reviews (1)

Mediocre Bank

I have been a member of Ascend FCU for 10+ years before they changed their name to Ascend. Over the past couple of years things have been changing. Their customer service is getting worse and they started to charge a monthly fee for checking accounts. I have since changed banks but Ascend used to be a good bank but not any longer.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Ascend Credit Union had $5.09 million in non-current loans and owned real-estate with $275.1 million in equity and loan loss allowances on hand to cover it. This gives Ascend Credit Union a Texas Ratio of 1.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Ascend Credit Union experienced no significant changes from 1.75% as of December 31, 2012 to 1.85% as of December 31, 2013, resulting in a negative change of 5.98%. This indicates that the balance sheet and financial strength for Ascend Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Ascend Credit Union has increased its total deposits by $62.09 million, resulting in 4.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Ascend Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Ascend Credit Union has $1.64 billion in assets with $275.1 million in equity, resulting in a capitalization level of 16.73%, which is excellent.

Institution Statistics

NCUA #7397
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$1.64 billion
Loans$880.24 million
Deposits$1.36 billion
Equity Capital$269.67 million
Loan Loss Allowance$5.43 million
Unbacked Noncurrent Loans$3.97 million
Real Estate Owned$1.12 million
Historic Data - December 2012
Assets$1.58 billion
Equity Capital$267.15 million
Loan Loss Allowance$5.69 million
Unbacked Noncurrent Loans$3.97 million
Real Estate Owned$1.29 million
Profit Margin - Quarterly
Net Interest Margin4.35%
Return on Assets1.04%
Return on Equity6.33%
Interest Income$46.57 million

Always verify rates and promotions with the bank or credit union. We are not Ascend Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Ascend Credit Union Savings Account Rates

0.00%--Christmas Club

Ascend Credit Union Money Market Rates

0.60%$500k-Money Market Account

Ascend Credit Union Checking Account Rates

0.10%--Preferred Share Draft
0.00%--Legacy Share Draft

Ascend Credit Union CD Rates

1.46%$1k-60 Month Share Certificate
1.00%$1k-36 Month Share Certificate
0.80%$1k-30 Month Share Certificate
0.75%$1k-24 Month Share Certificate
0.70%$1k-18 Month Share Certificate
0.70%$50-36 Month Variable Home Savings Certificate
0.65%$5k-15 Month Member's Advantage Share Certificate
0.50%$1k-12 Month Share Certificate
0.45%$50-12 Month Variable Special Savings Certificate
0.40%$1k-6 Month Share Certificate
0.40%$500-6 Month Basic Certificate
0.35%$1k-3 Month Share Certificate

Ascend Credit Union IRA Rates

0.95%--12 Month Variable IRA Share Certificate (Traditional,Roth,CESA)
0.80%$1k-30 Month IRA Share Certificate (Traditional,Roth,CESA)
0.70%$1k-18 Month IRA Share Certificate (Traditional,Roth,CESA)
0.50%$1k-12 Month IRA Share Certificate (Traditional,Roth,CESA)
0.40%$1k-6 Month IRA Share Certificate (Traditional,Roth,CESA)
0.35%$1k-3 Month IRA Share Certificate (Traditional,Roth,CESA)

Ascend Credit Union has 17 locations. Click to view all Ascend Credit Union locations.