Growing in step with peers
Originations rose 9% to 1,829, close to the 10% at similar lenders (credit unions making between half and twice as many loans) and the whole market. Volume remains below the 2,197 loans of 2020 and the 2,263 of 2022.
Applications / Mortgage Analytics / Lenders / Tennessee / Ascend Federal Credit Union
Ascend Federal Credit Union
Tullahoma, TN · Credit union · NCUA · $4.7 billion assets · 1,829 loans in 2025
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1,829
loans originated, 2025
2,938
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Ascend Federal Credit Union is a Tennessee credit union whose lending closely resembles similar lenders' in growth, loan size and lending to low- and moderate-income borrowers, and which ranks 22 of 821 lenders around Nashville.
A Nashville-area lender
In Nashville-Davidson--Murfreesboro--Franklin, where it has lent since 1991, its share rose 0.1 points to 1.0%, ranking 22 of 821 lenders; United Wholesale Mortgage and Rocket Mortgage ranked first and second. It ranked 18 of 746 in non-metro Tennessee. Its Florida markets, entered in 2015 and 2016, remain too small to register.
A typical mix, with more jumbo loans
Refinances were 37.5% of its loans, other purposes 23.2%, purchases 20.2% and home improvement 19.2%. Its typical loan, $115,000, matched similar lenders'. Jumbo loans (larger than the conforming limit) were 3.4%, against 1.4% at peers, higher than about two-thirds of them and up from 1.8% five years before.
LMI lending near the middle of peers
LMI (low- and moderate-income) borrowers took 25.6% of its loans and LMI areas 14.3%, against 27.1% and 14.7% at similar lenders, both near the middle. Majority-minority areas took 8.3%, against 11.1%, up from 6.2% five years before; the make-up of the Tennessee markets it mainly serves is one possible reason for the lower figure. Its refinance denial rate, 20.6%, was close to peers' 19.3%.
Questions the data can answer next
- Which Nashville-area counties account for its share gain, and how do its jumbo loans there compare with competitors'?
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
1,829 loans in 2025, against a peak of 2,263 in 2022.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Ascend Federal Credit Union took 2,938 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
37.5% of its 2025 loans were refinance loans; 99.6% were Conventional.
Refinance 37.5% · Other 23.2% · Purchase 20.2% · Home improvement 19.2%
Conventional 99.6% · FHA 0.3% · VA 0.1% · of 1,829 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
6 states, 23 metros, 77 counties
| State | Loans | Share |
|---|---|---|
| Tennessee | 1,801 | 98.5% |
| Florida | 9 | 0.5% |
| Alabama | 8 | 0.4% |
| Georgia | 8 | 0.4% |
| Kentucky | 2 | 0.1% |
| Mississippi | 1 | 0.1% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | 1,229 |
| Clarksville | 19 |
| Chattanooga | 9 |
| Knoxville | 8 |
| Memphis | 7 |
| Atlanta-Sandy Springs-Roswell | 6 |
| Daphne-Fairhope-Foley | 3 |
| Jackson | 2 |
| Pensacola-Ferry Pass-Brent | 2 |
| Tampa | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300E1PJPTI4YS7H26 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 290986 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 57397 | 1991–2017 |
Established 1 January 1951. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Ascend Federal Credit Union's data.
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