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 December of 2016, it had grown to 395 employees and 171,492 members at 21 locations. Ascend Federal Credit Union has an A+ health rating.
Membership in Ascend Federal Credit Union 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
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.
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||1.21%|
|Return on Equity - YTD||7.02%|
|Annual Interest Income||$57.2MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$1.99B$1.85B|
|Loans||Q4 2016vs Q4 2015||$1.30B$1.08B|
|Deposits||Q4 2016vs Q4 2015||$1.63B$1.52B|
|Equity Capital||Q4 2016vs Q4 2015||$343.3MM$314.5MM|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$5.6MM$4.5MM|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$6.0MM$4.1MM|
|Real Estate Owned||Q4 2016vs Q4 2015||$481.00K$284.00K|
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Rates for Ascend Federal Credit Union are currently being reviewed.