Ascend Federal Credit Union


Overview / Commentary
800-342-3086
520 Airpark Dr
Tullahoma, TN 37388

Ascend Federal Credit Union is headquartered in Tullahoma and is the 2nd largest credit union in the state of Tennessee. It is also the 103rd largest credit union in the nation. It was established in 1951 and as of December of 2018, it had grown to 527 employees and 200,946 members at 29 locations. Ascend Federal Credit Union's money market rates are 5X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Ascend Federal Credit Union is open to anyone through a membership in The Tennessee Nature Conservancy ($25 one-time contribution). Membership is also open to those who live in a 25-mile radius of an Ascend branch and join the 50plus Club ($10 membership fee), and to employees, volunteers, or church members of one of the over 200 Select Employer Groups.
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Reviews (3)

A Satisfied Member

After using banks for years, I began using Ascend when my income plummeted in 2008. Banks required a $50 deposit to open an account; Ascend only asked for $5. As for fees, they are more economical than the banks I formerly used. And their customer service has always been excellent regardless of the status of my accounts.
Continue growing and improving. I'm a member for life.

good cu

Posted by: sput | Apr 24, 2014

Great website. Easy to pay bills. Good customer service. That's good enough for me.

Mediocre Bank

Posted by: Jhnjy | Dec 1, 2012

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.



Health
A+

Health Grade Components

Overall
NCUA #7397
Year Chartered1951
Employees527
Primary Regulator
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD7.36%
Annual Interest Income$87.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$2.47B$2.20B
LoansQ4 2018vs Q4 2017$1.98B$1.61B
DepositsQ4 2018vs Q4 2017$1.86B$1.72B
Equity CapitalQ4 2018vs Q4 2017$398.1MM$369.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$12.1MM$8.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$10.1MM$7.6MM
Real Estate OwnedQ4 2018vs Q4 2017$34.00K$683.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ascend Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ascend Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%*$25k*-Health Savings Account
OTHER TIERS: 0.30% $1k - $5k | 1.05% $5k - $10k | 1.31% $10k - $25k
0.30%--Share Accounts
0.30%--Youth Savings Account
0.30%--Business Savings

Ascend Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%*$500k*-Money Market Account
OTHER TIERS: 0.30% Up to $2.5k | 1.11% $2.5k - $10k | 1.46% $10k - $100k | 1.66% $100k - $250k | 1.92% $250k - $500k
2.22%*$500k*-Business Money Market
OTHER TIERS: 0.30% Up to $2.5k | 1.11% $2.5k - $10k | 1.46% $10k - $100k | 1.61% $100k - $250k | 1.92% $250k - $500k

Ascend Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Preferred Share Draft
0.10%--Youth Preferred Checking
0.10%--Business Basic Checking

Ascend Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.14%$1k-60 Month Share Certificate
2.94%$1k-48 Month Share Certificate
2.89%$1k-36 Month Share Certificate
2.78%$1k-24 Month Share Certificate
2.63%$1k-18 Month Share Certificate
2.53%$500-12 Month Share Certificate
2.53%$1k-15 Month Member's Advantage Share Certificate
2.02%$500-6 Month Share Certificate

Ascend Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.14%$1k-60 Month IRA Share Certificate
2.94%$1k-48 Month IRA Share Certificate
2.89%$1k-36 Month IRA Share Certificate
2.78%$1k-24 Month IRA Share Certificate
2.63%$1k-18 Month IRA Share Certificate
2.53%$500-12 Month IRA Share Certificate
2.02%$500-6 Month IRA Share Certificate
1.06%$5-12 Month Variable IRA Share Certificate
Locations

Availability



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