Ascend Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.14% | 5-year CD | |
| 2.89% | 3-year CD | 1.87% - National Average |
| 2.53% | 18-month CD | 1.60% - National Average |
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.
See current membership details
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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
Great website. Easy to pay bills. Good customer service. That's good enough for me.
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7397 |
| Year Chartered | 1951 |
| Employees | 527 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 7.36% |
| Annual Interest Income | $87.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $2.47B$2.20B |
| Loans | Q4 2018vs Q4 2017 | $1.98B$1.61B |
| Deposits | Q4 2018vs Q4 2017 | $1.86B$1.72B |
| Equity Capital | Q4 2018vs Q4 2017 | $398.1MM$369.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $12.1MM$8.8MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $10.1MM$7.6MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $34.00K$683.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | ||
Ascend Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.17%* | $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 | 1.81% → $250k - $500k | |||||
Ascend Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Preferred Share Draft |
Ascend Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
