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 1,935th largest credit union in the nation. It was established in 1974 and as of March of 2022, it had grown to 26 employees and 8,696 members at 3 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
Related Posts
Health
A
Data as of Q1 2022
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 | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.47% |
| Return on Equity - YTD | 13.22% |
| Annual Interest Income | $932.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $91.4MM$83.9MM |
| Loans | Q1 2022vs Q1 2021 | $64.9MM$58.9MM |
| Deposits | Q1 2022vs Q1 2021 | $80.4MM$75.2MM |
| Equity Capital | Q1 2022vs Q1 2021 | $10.1MM$8.1MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $430.00K$123.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $5.00K$29.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |