Ascend Federal Credit Union

Overview / Commentary
520 Airpark Dr
Tullahoma, TN 37388

Ascend Federal Credit Union is headquartered in Tullahoma and is the 3rd largest credit union in the state of Tennessee. It is also the 97th largest credit union in the nation. It was established in 1951 and as of March of 2024, it had grown to 618 employees and 239,960 members at 31 locations. Ascend Federal Credit Union's money market rates are 9X the national average, and it has 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

Reviews (4)

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: |

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

Direct Deposit

Posted by: |

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

Posted by: |

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

NCUA #7397
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD8.05%
Annual Interest Income$50.8MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$4.42B$4.06B
LoansQ1 2024vs Q1 2023$3.05B$2.78B
DepositsQ1 2024vs Q1 2023$3.56B$3.43B
Equity CapitalQ1 2024vs Q1 2023$463.6MM$424.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$16.7MM$9.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.6MM$3.9MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

1.36%*$100k*-Health Savings Account
OTHER TIERS: 0.20% $0 - $2.5k | 0.70% $2.5k - $10k | 1.31% $10k - $100k
0.20%$0-Savings Account
0.20%$0-Christmas Club
0.20%$0-Youth Savings Account
0.20%$0-Business Savings

Ascend Federal Credit Union Money Market Rates

5.38%*$5m*-Business Money Market
OTHER TIERS: 0.20% $0 - $2.5k | 0.70% $2.5k - $10k | 1.31% $10k - $100k | 1.36% $100k - $5m
4.07%*$5m*-Money Market Account
OTHER TIERS: 0.20% $0 - $2.5k | 0.70% $2.5k - $10k | 1.31% $10k - $100k | 1.36% $100k - $5m

Ascend Federal Credit Union Checking Account Rates

3.56%$0$15kInterest Earning Checking
0.20%$0-Business Basic Checking

Ascend Federal Credit Union CD Rates

5.12%$100k-6 Month Jumbo Share Certificate
5.12%$100k-Business 6 Month Jumbo Share Certificate
5.06%$500-6 Month Share Certificate
5.06%$500-Business 6 Month Share Certificate
4.91%$100k-12 Month Jumbo Share Certificate
4.91%$100k-Business 12 Month Jumbo Share Certificate
4.85%$500-12 Month Share Certificate
4.85%$1k-15 Month Member's Advantage Share Certificate
4.85%$5k-Business 12 Month Share Certificate
4.23%$1k-18 Month Share Certificate
4.23%$1k-Business 18 Month Share Certificate
3.76%$100k-Business 24 Month Jumbo Share Certificate
3.76%$100k-24 Month Jumbo Share Certificate
3.71%$1k-24 Month Share Certificate
3.71%$5k-Business 24 Month Share Certificate
3.66%$1k-60 Month Share Certificate
3.66%$1k-Business 60 Month Share Certificate
3.61%$1k-48 Month Share Certificate
3.61%$1k-54 Month Member's Advantage Share Certificate
3.61%$1k-Business 48 Month Share Certificate
3.56%$1k-36 Month Share Certificate
3.56%$1k-Business 36 Month Share Certificate

Ascend Federal Credit Union IRA Rates

5.12%$100k-6 Month Jumbo IRA Share Certificate
5.06%$500-6 Month IRA Share Certificate
4.91%$100k-12 Month Jumbo IRA Share Certificate
4.85%$500-12 Month IRA Share Certificate
4.59%$5-12 Month Variable IRA Share Certificate
4.23%$1k-18 Month IRA Share Certificate
3.76%$100k-24 Month Jumbo IRA Share Certificate
3.71%$1k-24 Month IRA Share Certificate
3.66%$1k-60 Month IRA Share Certificate
3.61%$1k-48 Month IRA Share Certificate
3.56%$1k-36 Month IRA Share Certificate


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