Ascend Federal Credit Union is headquartered in Tullahoma and is the 3rd largest credit union in the state of Tennessee. It is also the 96th largest credit union in the nation. It was established in 1951 and as of March of 2025, it had grown to 619 employees and 249,130 members at 31 locations. Ascend Federal Credit Union's money market rates are 10X the national average, and it has an A health rating.
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
Overall | |
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NCUA # | 7397 |
Year Chartered | 1951 |
Employees | 619 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.03% |
Return on Equity - YTD | 8.67% |
Annual Interest Income | $54.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $4.56B$4.42B |
Loans | Q1 2025vs Q1 2024 | $3.25B$3.05B |
Deposits | Q1 2025vs Q1 2024 | $3.66B$3.56B |
Equity Capital | Q1 2025vs Q1 2024 | $532.4MM$463.6MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $26MM$16.7MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $11.4MM$7.6MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $974K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.56% | $0 | $15k | Interest Earning Checking | |
0.20% | $0 | - | Business Basic Checking |