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Ascend Federal Credit Union
Ascend Federal Credit Union (or Ascend; formerly AEDC Federal Credit Union) is a federally chartered credit union based in Tullahoma, Tennessee. Ascend is regulated and insured through the National Credit Union Administration (NCUA). Ascend has over 260,000 members and $3.9 billion USD in assets. The company has locations in 21 Middle Tennessee counties. History Ascend Federal Credit Union was chartered on July 12, 1951 in order to serve employees of the Arnold Air Force Base. In 2006, the company changed its name from AEDC Federal Credit Union to Ascend Federal Credit Union. In 2015, Ascend signed a 10-year contract with Live Nation for the naming rights of the Ascend Amphitheater. In 2018, the firm started leveraging its ''LenderAssis LOS'' platform and ''DecisionAssis'' product. In 2019, the company was announced to turn as an Episys platform. Management Matt Jernigan is President and CEO. Social activity In 2020, Ascend FCU made a donation of $10,000 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
