Ascend Federal Credit Union is headquartered in Tullahoma and is the 2nd largest credit union in the state of Tennessee. It is also the 112th largest credit union in the nation. It was established in 1951 and as of March of 2016, it had grown to 357 employees and 160,598 members at 18 locations. Ascend Federal Credit Union has an A+ health rating.
Membership is open to anyone through a membership in The Nature Conservancy ($25 one-time contribution). Membership is also open to select underserved areas, including all of Franklin County and select areas of utherford, Davidson, Maury and Marshall counties, through employment with a select employer group member or through a family member.
See current membership details
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.
|Return on Assets - YTD||1.18%|
|Return on Equity - YTD||6.84%|
|Annual Interest Income||$13.7MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$1.88B$1.77B|
|Loans||Q1 2016vs Q1 2015||$1.13B$950.9MM|
|Deposits||Q1 2016vs Q1 2015||$1.54B$1.45B|
|Equity Capital||Q1 2016vs Q1 2015||$322.4MM$302.9MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$4.5MM$4.7MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$2.7MM$2.5MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$624.00K$896.00K|
Rates for Ascend Federal Credit Union are currently being reviewed.