Overview / Commentary
Ascension Credit Union is headquartered in Gonzales and is the 35th largest credit union in the state of Louisiana. It is also the 2,055th largest credit union in the nation. It was established in 1974 and as of September of 2019, it had grown to 17 employees and 8,040 members at 2 locations. Ascension Credit Union's CD rates are 2X the national average, and it has a B+ 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
B+
Data as of Q3 2019
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 | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 7.17% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $65.3MM$62.1MM |
| Loans | Q3 2019vs Q3 2018 | $49.1MM$46.1MM |
| Deposits | Q3 2019vs Q3 2018 | $57.5MM$54.9MM |
| Equity Capital | Q3 2019vs Q3 2018 | $6.9MM$6.4MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $149.00K$167.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $21.00K$177.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |