Ascend Federal Credit Union is headquartered in Tullahoma and is the 2nd largest credit union in the state of Tennessee. It is also the 103rd largest credit union in the nation. It was established in 1951 and as of June of 2023, it had grown to 623 employees and 266,882 members at 30 locations. Ascend Federal Credit Union's money market rates are 9X the national average, and it 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
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
Great website. Easy to pay bills. Good customer service. That's good enough for me.
Direct Deposit
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
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
| Overall | |
|---|---|
| NCUA # | 7397 |
| Year Chartered | 1951 |
| Employees | 623 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 9.15% |
| Annual Interest Income | $79.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $4.15B$3.82B |
| Loans | Q2 2023vs Q2 2022 | $2.89B$2.46B |
| Deposits | Q2 2023vs Q2 2022 | $3.36B$3.29B |
| Equity Capital | Q2 2023vs Q2 2022 | $428.2MM$414.5MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$8.2MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $5.8MM$4.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
