Overview / Commentary
Ascension Credit Union is headquartered in Gonzales and is the 33rd largest credit union in the state of Louisiana. It is also the 1,997th largest credit union in the nation. It was established in 1974 and as of June of 2021, it had grown to 22 employees and 8,411 members at 2 locations. Ascension Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Ascension Credit Union is open to those who live, work, or worship in Ascension Parish, Louisiana. Employees, retirees, or students of the Ascension Parish School Board also qualify for membership, as do immediate family members of current Ascension Credit Union members.
See current membership details
Health
A
Data as of Q2 2021
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Ascension Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62018 |
| Year Chartered | 1974 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.48% |
| Return on Equity - YTD | 14.68% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $83.1MM$73.4MM |
| Loans | Q2 2021vs Q2 2020 | $61.4MM$54.0MM |
| Deposits | Q2 2021vs Q2 2020 | $75.7MM$65.4MM |
| Equity Capital | Q2 2021vs Q2 2020 | $8.4MM$7.4MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $115.00K$137.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $12.00K$54.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |