Routing Number Ascend Federal Credit Union

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About Ascend Federal Credit Union Promotions

Ascend Federal Credit Union is headquartered in Tullahoma, Tennessee. Established in 1951, it has grown to 190,000+ members at 30 locations throughout the state. If you are not a resident in Tennessee, check out this list of nationwide bank bonuses for more fitting offers.

• Routing Number: 264181626
• Customer Service: 1-800-342-3086

CDs and Savings accounts are a great way to save money. Check out our full list of some of the best Bank Rates and CD Rates nationwide.

Ill review the current offers below.

*Current residents of Tennessee can also take advantage of other promotions like the attractive Discover Bank bonuses below.

Person To Person Payments

We offer a free person to person payment service to members through Online Banking and Mobile App. The service enables individuals to send and receive payments electronically in a manner that is designed to displace traditional check payments.

• Sending and receiving money is as easy as emailing and texting.
• Visit Online Banking and select Move Money, then select Person to Person Transfers from the Mobile App, select More and then Person to Person Transfers

Disclaimer, External Links: For our members convenience, links are available in this website to allow quick access to other sites that may be of interest. Clicking on a third party link will take you out of Downeast Credit Unions website to an alternative website not operated by DECU. The Credit Union is not responsible for the content of the third party website and does not represent either the third party website or the member if you enter into a transaction. Privacy and security policies of the website to which you are linking may differ from those practiced by DECU.

Unauthorized access or use of this website is not permitted and may constitute a crime punishable by law.

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Ascend Federal Credit Union Business Loan Review

As a well-known financial institution in and around Tullahoma, Ascend FCU offers a range of business lending options at competitive rates and multiple paths to its membership for entrepreneurs and businesses based in Tennessee and beyond.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we writeabout and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are ourown.

Do you own and run an established business, or are you an entrepreneur with a solid business plan in search of financing to launch yournew venture?Ascend Federal Credit Union may offerthe commercial loan solution that you need to take your business to the next level, as this credit union offers a range of businesslending options at competitive rates.

Ascend Federal Credit Union was founded in the year 1951 in order to serve the financial needs of Arnold Air Force Base employees inTullahoma, Tennessee, at which time the credit union was known as the AEDC Federal Credit Union. Since that time, Ascend Federal CreditUnion has remained a well-known financial institution in and around Tullahoma, reflected, for instance, in its naming right for the AscendAmphitheater. The credit union changed its name to Ascend Federal Credit Union and is better known simply as Ascend in2006, reflecting its broader field of membership.

How Are Swift / Bic Codes Ibans Sort Codes And Routing Numbers Different

If you’re planning to send or receive money through your bank, you will likely come across unfamiliar terms such as routing number , SWIFT / BIC code, IBAN, and sort code. What exactly are these acronyms, and what are they used for? Well, all of them seemingly do much of the same thing which is to help banks identify where your money needs to go when being transferred, but each is required in specific situations because different countries and banks have different processes and requirements.

SWIFT / BIC codes are 8 or 11-digit codes that uniquely identify banks and financial institutions worldwide. Unlike routing numbers, these codes are used for international payments.

IBANs are international bank account numbers that identify the country, financial institution, and individual bank accounts. They’re mainly issued by banks in the Eurozone, but other countries are starting to adopt them as well.

Sort Codes are 6-digit numbers used for domestic transfers in the United Kingdom which identify the bank and the branch where a bank account is held.

Routing numbers are 9-digit codes used in the US to identify banks when processing domestic ACH payments or wire transfers. These are not required when making payments outside the United States.

Transit numbers are 9-digit codes used in Canada for electronic funds transfers. They identify a specific Canadian bank and branch where a payment will be sent.

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A Short History Of Ascend Fcu

Since its inception in 1951 the Ascend Federal Credit Union has been serving its members in the TULLAHOMA, Tennessee area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Caren Gabriel, the Ascend FCU has grown its membership to over 174,212 with assets of more than $2,071,213,477. They have a main office and 24 branch offices. Please see the credit unions website or contact them by phone at 342-3086 or email them at memberservice@ascendfcu.org to get exact details . There are many other credit unions in the local area. See them all here. .

Commercial Real Estate And Construction Loans From Ascend Federal Credit Union

Ascend Federal Credit Union specializes in commercial real estate loans and commercial construction loans, as the credit union states thatits commercial portfolio was developed and grown in precisely this way. Ascend Federal Credit Union offers financing for a wide variety ofcommercial property types, whether they are owner occupied or investment properties. Refinancing an existing commercial real estate loanthrough Ascend Federal Credit Union may be an attractive option to new members of the credit union as well.

Ascend Federal Credit Union is able to provide financing of up to 80% of the value of a commercial property. It offers flexible and variedterms, and favorable rates. These loans are underwritten locally, and business members of Ascend Federal Credit Union can expect a fastturnover.

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What Types Of Business Loan Products Does Ascend Federal Credit Union Offer

Ascend Federal Credit Union has optimized its commercial lending options by providing three distinct types of business loans, which may beused as working capital, to expand your business, to cover short term cash flow challenges, or to finance the purchase or construction ofcommercial real estate. The following is an overview of the types of commercial loans that Ascend Federal Credit Union makesavailable.

Ascend Federal Credit Union Routing Number

A 9-digit number that is used to recognize a Ascend Federal Credit Union or a financial institution is known as the Ascend Federal Credit Union Routing number. A routing number is also known as the routing transit number. Every financial institution has a unique routing number. This number help to identification of the Ascend Federal Credit Union geographical location of the branch

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Business Term Loans From Ascend Federal Credit Union

Business term loans may be short term, up to 18 months, medium term, or long term, between three and 25 years. This type of commercialloan provides the borrowing business with a predetermined amount of financing for a specific project, or may be used as working capital.Business term loans may have fixed or floating interest rates, and feature regular repayment schedules.

Ascend Federal Credit Union can work with your particular business to assess what type of financing it may be able to offer you, andtailor the rates and terms to your unique needs. The flexible nature of business term loans makes up for the fact that Ascend FederalCredit Union does not offer business equipment loans or commercial vehicle loans, or business acquisition loans. That is, term loans maytake the place of these business loan products in many cases.

Living In An Underserved Area

If you live, work, worship or attend school in an area deemed by the U.S. government to be financially underserved, youre eligible to join. All of Franklin County as well as parts of Rutherford, Davidson, Dickson, Maury and Marshall counties are considered underserved.

Call to find out if you’re eligible.

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Ways To Find Your Ascend Federal Credit Union Routing Number Online

Here are several ways available to you to find your ABA routing number:

• On this page We’ve listed above the details for ABA routing number ASCEND FEDERAL CREDIT UNION used to facilitate ACH funds transfers and Fedwire funds transfers.
• Online banking portal: You’ll be able to get your bank’s routing number by logging into online banking.
• Paper check or bank statement: Bank-issued checks or bank statements. See the bottom left side of your check.
• Bank customer service: You’ll be able to get your routing number by contacting your bank’s customer service staff
• Fedwire / American Banking Association: You can look up your routing number on the official website of the Federal Reserve or the American Banking Association.

For your bank to process the payment quickly and securely, you should always check routing numbers with your bank or your recipient.

What Is A Routing Number

Your bank routing number is a 9-digit code used to identify a financial institution in a transaction. It’s based on the location of the bank where your account was opened. It is also referred to as an RTN, a routing transit number or an ABA routing number and can be easily be found printed on the bottom left side of your check. You can also find your routing number in your online banking portal.

The most common types of encountered transactions are ACH and wire transfers. Some banks and financial institutions usually have multiple routing numbers serving different purposes, geographical regions, and branches. The Federal Reserve Banks require routing numbers to process Fedwire funds transfers and the ACH network requires them to process electronic funds transfers .

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View Complete List Of Disclosures

• Rates effective October 1, 2020.

• Legal Disclosures and Additional Information

  Savings, Legacy checking, Preferred checking, and Christmas Club accounts are variable rate accounts, and the rates may change. The Annual Percentage Yields stated are accurate as of October 1, 2020. There is no minimum balance required to earn the APYs stated. The minimum opening deposit on a savings account is $5.00. The minimum opening deposit on a checking account is $20.00 or establishment of incoming automatic transfer or direct deposit. Fees and other conditions could reduce earnings. For more information regarding fees see the Fee Addendum.

What Does Ascend Federal Credit Union Offer

Ascend Federal Credit Union offers an impressive array of personal and business banking solutions, as well as a variety of commercialloans and unique membership perks that include discounts around stores and restaurants in counties in Middle Tennessee and access tofinancial education tools. Above all, Ascend Federal Credit Union is able to serve your business by providing more competitive rates andlower fees than you would be able to obtain from a mainstream banking institution.

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When You’ll Need A Ascend Federal Credit Union Routing Number

A routing number is required in a variety of situations, including setting up direct deposit, automatic loan payments or recurring transfers like bill payments.

Youll also need it when you file taxes to receive your tax refund or debit a tax payment, or when you conduct Automated Clearing House , transfers between different bank accounts.

Generally, you’ll only need your routing number when funds are being directly transferred to or from your bank account never for debit card or credit card purchases.

Branches Texarkana Tx Branch

Red River Credit Unions Texarkana branch is located at 4405 Summerhill Rd and serves the main branch for all our Red River Credit Union locations. Were available five days a week for members to stop in and apply for a loan, get financial advice, or make a simple transaction on their bank account. Take a look below and see all the ways we serve our members from the main branch and stop by to see us Monday through Friday.

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A Wide Variety Of Business Loans

If you are exploring your commercial loan options, it is helpful to know that Ascend Federal Credit Unions commercial lendingspecialists can work with your individual business to find the commercial loan solution that will best serve your needs as you plan for asuccessful and financially healthy future. Thecommercial loans offered at Ascend Federal Credit Unioninclude:

Do you not see the type of business loan that you need on this list? Ascend Federal Credit Unions commercial lending specialistsmay still be able to work with you to provide the financing you are after. Many credit unions offer dedicated commercial auto loans andcommercial equipment loans, for example, while Ascend Federal Credit Union does not but the credit unions business termloans may still be used for these purposes.

When You’ll Need The 264181626 Routing Number

A routing number is required in a variety of situations, including setting up direct deposit, automatic loan payments or recurring transfers like bill payments.

Youll also need it when you file taxes to receive your tax refund or debit a tax payment, or when you conduct Automated Clearing House , transfers between different bank accounts.

Generally, you’ll only need your routing number when funds are being directly transferred to or from your bank account never for debit card or credit card purchases.

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Routing Number Vs Account Number

The routing number of Ascend Federal Credit Union is different from its account number. As a matter of fact, this condition holds the same for all of the banks in the world. Differentiating the account number from the routing number is no big task. For every bank related transaction, one may be prompted to provide with their account number and routing number. Both of these credentials are assigned to you while you opened your account at Ascend Federal Credit Union.

But both of these valuable numbers indicated two different details. Account number identifies the account holder, whereas the routing number specifies the bank in which your account is held. For eg., Your Ascend Federal Credit Union account number is 0000264181626 and the routing number is 264181626. Here 0000264181626 depicts your details as the account holder of Ascend Federal Credit Union and 264181626 represents the details of Ascend Federal Credit Union that is responsible for money going in and out of your account.

What Is The Difference Between Swift Codes And Routing Numbers

One may be confused, as both SWIFT codes and routing numbers are used for financial transactions. The SWIFT codes and Ascend Federal Credit Union Routing number of Ascend Federal Credit Union are used for distinctive purposes. Lets give you a clear explanation below:

SWIFT codes- These are the codes used during international money transfers only. SWIFT codes are 8 to 11 digit alphanumeric codes that define the important details about the bank, branch, country, and account. SWIFT code is also used by financial institutions in exchanging messages with each other thus it is also known as the largest financial messaging system in the world.

Whereas Ascend Federal Credit Union routing number is used for electronic fund transfers that happen in the domestic domain. The Ascend Federal Credit Union routing number is the US is also known as the ABA RTN and in Canada as Bank Code. ABA RTN is managed by the American Bankers Association and Accuity. The Ascend Federal Credit Union routing numbers in Canada are controlled and managed by Payments Canada.

The biggest distinction between SWIFT code and routing number is the area of usage. If the payment stays domestic, then the Ascend Federal Credit Union routing number would suffice. But if the payment crosses borders, then the SWIFT code will serve the purpose.

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What Are The Differences Between Fedach & Fedwire Credit Transfers

Below are some of the differences between FedWire credit transfers and ACH credit transfers in the US.

FedWire

• Same day clearing, which means the sender’s account is debited and your account is credited on the same day.
• Irrevocable. Once a FedWire is sent, the originator/sender cannot send a reversing transaction. This is a huge advantage of using FedWires because it mitigates risk of reversals.
• Cost. FedWire typically cost more to send and to receive.
• Fedwire is a real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks that allows financial institutions to electronically transfer funds between its more than 9,289 participants.

FedACH Credit

• Next day clearing. Settlement or clearing typically takes place Next Banking day.
• Inexpensive. Little or no cost to send and receive. .
• Allows for Reversals. Sender/originator does have the ability to perform reversals or correcting entries.
• Batch Processing ACH entries are group together into batches and processed by Financial Institutions and the ACH Operators in batch mode.
• FedACH is the Federal Reserve Banks’ Automated Clearing House service. It provides financial institutions with efficient, low-cost batched payment services that enable an electronic exchange of debit and credit transactions through the Automated Clearing House network.