Financial Strength
At Ascend, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our financial strength allows us to provide exceptional services and support to our community. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $612,924,490, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 13.97% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $1,166,758,318 in share certificates and $380,916,232 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $5,696,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Additionally, our commitment to serving our members is reinforced by having $573,821,285 in undivided earnings. This enables us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. With $44,784 in used auto loans and $3,127,764,056 in total loans and leases, our lending capacity supports your financial goals across various sectors. Our operational efficiency is reflected in our impressive $14,877,047, which empowers us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 631 full-time employees and 12 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $3,904,557. Total Share and Deposit Accounts: 473,445, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Ascend is your trusted partner. Visit us at 520 Airpark Dr Tullahoma Tn 37388 or call (800) 342-3086 to learn more about how we can help you achieve your financial goals.
