Ascend Federal Credit Union

Overview / Commentary
520 Airpark Dr
Tullahoma, TN 37388

Ascend Federal Credit Union is headquartered in Tullahoma and is the 2nd largest credit union in the state of Tennessee. It is also the 102nd largest credit union in the nation. It was established in 1951 and as of September of 2023, it had grown to 608 employees and 240,798 members at 30 locations. Ascend Federal Credit Union 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 - YTD0.92%
Return on Equity - YTD9.3%
Annual Interest Income$125.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$4.24B$3.82B
LoansQ3 2023vs Q3 2022$2.93B$2.56B
DepositsQ3 2023vs Q3 2022$3.45B$3.28B
Equity CapitalQ3 2023vs Q3 2022$413.1MM$381.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$12.1MM$7.1MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$7.4MM$4.7MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0

Rates for Ascend Federal Credit Union are currently being reviewed.



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