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 111th largest credit union in the nation. It was established in 1951 and as of June of 2020, it had grown to 602 employees and 217,128 members at 32 locations. Ascend Federal Credit Union's money market rates are 25% higher than the national average, and it boasts 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
Employees602
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD2.77%
Annual Interest Income$48.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.90B$2.55B
LoansQ2 2020vs Q2 2019$2.20B$2.05B
DepositsQ2 2020vs Q2 2019$2.44B$2.02B
Equity CapitalQ2 2020vs Q2 2019$434.0MM$416.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$15.1MM$12.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$8.6MM$9.5MM
Real Estate OwnedQ2 2020vs Q2 2019$205.00K$205.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ascend Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ascend Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.66%*$25k*-Health Savings Account
OTHER TIERS: 0.15% $1k - $5k | 0.90% $5k - $10k | 1.15% $10k - $25k
0.15%--Share Accounts
0.15%--Christmas Club
0.15%--Youth Savings Account
0.15%--Business Savings

Ascend Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$500k*-Money Market Account
OTHER TIERS: 0.15% Up to $2.5k | 0.25% $2.5k - $10k | 0.30% $10k - $100k | 0.40% $100k - $250k | 0.50% $250k - $500k
0.55%*$500k*-Business Money Market
OTHER TIERS: 0.15% Up to $2.5k | 0.25% $2.5k - $10k | 0.30% $10k - $100k | 0.40% $100k - $250k | 0.50% $250k - $500k

Ascend Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Preferred Share Draft
0.10%--Youth Preferred Checking
0.10%--Business Basic Checking

Ascend Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%$100k-Business 60 Month Jumbo Share Certificate
1.00%$1k-Business 60 Month Share Certificate
0.95%$1k-60 Month Share Certificate
0.90%$1k-48 Month Share Certificate
0.85%$1k-36 Month Share Certificate
0.85%$100k-Business 24 Month Jumbo Share Certificate
0.80%$5k-Business 24 Month Share Certificate
0.75%$1k-24 Month Share Certificate
0.70%$1k-18 Month Share Certificate
0.70%$100k-Business 12 Month Jumbo Share Certificate
0.65%$5k-Business 12 Month Share Certificate
0.61%$500-12 Month Share Certificate
0.60%$1k-15 Month Member's Advantage Share Certificate
0.50%$500-6 Month Share Certificate

Ascend Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$1k-60 Month IRA Share Certificate
0.90%$5-12 Month Variable IRA Share Certificate
0.90%$1k-48 Month IRA Share Certificate
0.85%$1k-36 Month IRA Share Certificate
0.75%$1k-24 Month IRA Share Certificate
0.70%$1k-18 Month IRA Share Certificate
0.61%$500-12 Month IRA Share Certificate
0.50%$500-6 Month IRA Share Certificate
Locations

Availability



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