Ascend Federal Credit Union is headquartered in Tullahoma and is the 2nd largest credit union in the state of Tennessee. It is also the 111th largest credit union in the nation. It was established in 1951 and as of September of 2019, it had grown to 571 employees and 204,404 members at 32 locations. Ascend Federal Credit Union's money market rates are 3X 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.
Direct Deposit
When I signed up they told me if I got direct deposit my money would be available to me after midnight it is 3 in the morning and my direct deposit is not on my card.i were ish that they would be honest and tell you your money won't be available until the day you get paid most banks have direct deposit available two days early not same day as your payxa
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 | 571 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.11% |
| Return on Equity - YTD | 6.68% |
| Annual Interest Income | $73.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $2.55B$2.43B |
| Loans | Q3 2019vs Q3 2018 | $2.09B$1.93B |
| Deposits | Q3 2019vs Q3 2018 | $2.07B$1.81B |
| Equity Capital | Q3 2019vs Q3 2018 | $422.4MM$389.5MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $13.3MM$12.3MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $10.5MM$9.3MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $205.00K$34.00K |
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
Ascend Federal Credit Union Money Market Rates
Ascend Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Preferred Share Draft | |
| 0.10% | - | - | Youth Preferred Checking | |
| 0.10% | - | - | Business Basic Checking |
