Sep, 30, 2025 — ASCEND FEDERAL CREDIT UNION is a federal credit union headquartered in TULLAHOMA, TN with 27 branch locations and about $4.62 billion in total assets. Opened 75 years ago in 1951, ASCEND FEDERAL CREDIT UNION has about 262,097 members and employs 629 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ASCEND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 520 Airpark Dr TULLAHOMA, TN 37388 |
| Phone: | (800) 342-3086 |
| Fax: | |
| Website: | https://www.ascend.org |
| Branches: | 27 branch locations |
| Members: | 262,097 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7397 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,617,346,461 |
| CEO/Manager: | Matthew Jernigan |
| Chairperson: | Mark Rigney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 177,759,785 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 440,000 |
| Real Estate Loans | 1,762,553,426 |
| Unsecured Loans | 196,256,964 |
| Other Loans | 1,424,621,351 |
| TOTAL LOANS | 3,383,431,740 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,124,401 |
| Land And Building | 74,475,128 |
| Other Fixed Assets | 22,208,935 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 32,098,240 |
| All Other Assets | 3,530,598 |
| TOTAL ASSETS | 4,617,346,461 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 312,800,000 |
| Accounts Payable & Other Liabilities | 59,698,288 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 719,076,168 |
| Regular shares | 943,829,285 |
| All Other Shares & Deposits | 2,005,774,777 |
| TOTAL SHARES & DEPOSITS | 3,668,680,229 |
| TOTAL LIABILITIES | 4,041,198,637 |
| Regular Reserve | 0 |
| Other Reserves | -76,906,658 |
| Undivided Earnings | 653,054,482 |
| TOTAL EQUITY | 576,147,824 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,617,346,461 |
| INCOME & EXPENSE | |
| Loan Income | 148,397,952 |
| Investment Income | 23,337,123 |
| Other Income | 23,785,576 |
| Total Employee Compensation & Benefits | 44,729,942 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 46,872,057 |
| Non-operating Income & (Expense) | 277,448 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,216,055 |
| Cost of Funds | 70,303,927 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,959,323 |
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