Ascend Federal Credit Union


Overview / Commentary
800-342-3086
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 109th largest credit union in the nation. It was established in 1951 and as of June of 2022, it had grown to 587 employees and 248,306 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
A+

Health Grade Components

Overall
NCUA #7397
Year Chartered1951
Employees587
Primary Regulator
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD10.95%
Annual Interest Income$53.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$3.82B$3.42B
LoansQ2 2022vs Q2 2021$2.46B$2.27B
DepositsQ2 2022vs Q2 2021$3.29B$2.93B
Equity CapitalQ2 2022vs Q2 2021$414.5MM$465.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$8.2MM$10.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.2MM$3.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Ascend Federal Credit Union are currently being reviewed.

Locations

Availability

Nashville Area

Interactive local rates map


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