ascend.org  •  800-342-3086 

Consumer Loan Policies 
as of July 1, 2021

P.O. Box 1210 - 520 Airpark Drive - Tullahoma, TN 37388

TYPE OF LOAN

AMOUNT AVAILABLE MAXIMUM TERM

OTHER INFORMATION

New – Amount available 
is based on a percentage 
of MSRP or NADA Retail 
Value, not to exceed the 
purchase price. Percentage 
is determined by credit 
worthiness.

Used – Amount available is 
based on a percentage of 
NADA Retail Value, not to 
exceed the purchase price. 
Percentage is determined by 
credit worthiness.

100% of the MSRP or 110% 
of the invoice price if MSRP 
is not available. Percentage 
is determined by credit 
worthiness.

100% of NADA retail value. 
Percentage is determined by 
credit worthiness.

Determined by credit 
worthiness.

Determined by credit 
worthiness.

Savings available

Determined by credit 
worthiness.

N/A

N/A

N/A

N/A

Autos - New
Current and prior-year 
model.  

Autos - Used
Auto subject to inspection. 
Vehicle not to exceed 10 
years of age.

Recreation - New
To include: motorcycle, 
boat, motor & trailer,  
motor home, ATV/dirt bike, 
personal watercraft,  
travel trailer.

Recreation - Used
To include: motorcycle, 
boat, motor & trailer,  
motor home, ATV/dirt bike, 
personal watercraft,  
travel trailer.

Visa Platinum

Visa Platinum 
(Student)

Visa Platinum 
(Secured)

Visa Platinum 
Rewards

Certificate
Regulations prohibit using  
IRA certificates as collateral.

Personal Line of 
Credit Loan

Personal Loan

Up to 60 Months – Any $ amount 

61-75 Months (Minimum amount $15,000) 

76-84 Months (Minimum amount $25,000) 

-  Based on an APR of 2.39%, your monthly payment on a $10,000 loan 
amount and a 60-month term would be $177.17. 

-  Based on an APR of 2.89%, your monthly payment on a $15,000 loan 
amount and a 61-month term would be $265.03. 

-  Based on an APR of 3.75%, your monthly payment on a $25,000 loan 
amount and a 76-month term would be $370.65.
See Notes 1 and 2

CURRENT APR

2.39% - 13.75% ‡ 

2.89% - 14.25% ‡ 

3.75% - 4.35% ‡

Up to 60 Months – Any $ amount 

61-75 Months (Minimum amount $15,000) 

76-84 Months (Minimum amount $25,000)

Up to 60 Months 

61-84 Months (Minimum amount $20,000) 

85-120 Months (Minimum amount $60,000)

121-144 Months (Minimum amount $75,000)

Up to 60 Months 

61-84 Months (Minimum amount $20,000) 

85-120 Months (Minimum amount $60,000)

121-144 Months (Minimum amount $75,000) 

-  Based on an APR of 3.14%, your monthly payment on a $10,000 loan 
amount and a 60-month term would be $180.54. 

-  Based on an APR of 3.64%, your monthly payment on a $15,000 loan 
amount and a 61-month term would be $270.12. 

3.14% - 15.35% ‡ 

3.64% - 15.85% ‡ 

-  Based on an APR of 4.25%, your monthly payment on a $25,000 loan 
amount and a 76-month term would be $376.43. 

4.25% - 5.35% ‡

-  Based on an APR of 3.99%, your monthly payment on a $10,000 loan 
amount and a 60-month term would be $184.42.

-  Based on an APR of 4.09%, your monthly payment on a $20,000 loan 
amount and a 61-month term would be $363.72.

-  Based on an APR of 4.19%, your monthly payment on a $60,000 loan 
amount and a 85-month term would be $818.41.

  -  Based on an APR of 4.29%, your monthly payment on a $75,000 loan 
amount and a 121-month term would be $765.94.

3.99% - 15.75%† 

4.09% - 15.85%† 

4.19% - 9.90%† 

4.29% - 10.00%†

-  Based on an APR of 4.49%, your monthly payment on a $10,000 loan    
amount and a 60-month term would be $186.73.

4.49% - 16.25%† 

-  Based on an APR of 4.59%, your monthly payment on a $20,000 loan 
amount and a 61-month term would be $368.27.

-  Based on an APR of 4.69%, your monthly payment on a $60,000 loan 
amount and a 85-month term would be $832.55.

-  Based on an APR of 4.79%, your monthly payment on a $75,000 loan 
amount and a 121-month term would be $784.25.

Co-signer required.

4.59% - 16.35%† 

4.69% - 10.40%† 

4.79% - 10.50%†

9.50% - 18.00%††

9.90% fixed

15.90% fixed

9.50% fixed ††

Current certificate 
rate plus 2.00%. 

8.85% - 18.00% 
variable* ††

8.85% - 18.00%†††

Variable**

Loan payoff not to exceed 
certificate face value.

One year term. Not to exceed maturity date  
of certificate.

Determined by credit 
worthiness.

Determined by credit 
worthiness.

N/A

Minimum payment, 2.50% of the balance, recalculated each advance.

Up to 60 Months

Based on an APR of 8.85%, your monthly payment on a $10,000 loan 
amount and a 60-month term would be $207.63.

Savings

Savings available.

120 Months

N/A - Not applicable (does not apply to this loan type)
If you are requesting to use collateral equity for cash, Ascend will add an  
additional 50bps to the rate.
‡ Your APR will be based on your credit score, the age and mileage of the 
collateral and the term of the loan. You will be informed of the APR for 
which you qualify before you become contractually liable for the account.
† Your APR will be based on your credit score and the term of the loan. 
You will be informed of the APR for which you qualify before you become 
contractually liable for the account. 
†† Your APR will be based on your credit score. You will be informed of 
the APR and daily periodic rate for which you qualify before you become 
contractually liable for the account.
††† Your APR will be based on your credit score. You will be informed of 
the APR for which you qualify before you become contractually liable for 
the account.

Variable Rates 
* The Annual Percentage Rate (APR) for new and existing 
advances will be the Prime Rate as published by the Wall Street 
Journal (Index), plus a Margin between 5.6% and 15% up to 
18% cap. The APR will change on the first day of each month to 
reflect any change in the Index. The APR will never be greater 
than 18% or the maximum rate allowed by law, whichever is less. 
Any increases or decreases in the APR will take the form of more 
or fewer payments of the same amount until what you owe has 
been repaid.
** Variable rate will be the savings dividend rate paid by Ascend 
Federal Credit Union for the current month plus the margin, 
which is 2%.  
Notes 
1. Customized packages on vans and trucks (if dealer or 
professionally installed): New - 90% of invoice package price; 

Current - 1 year old - 75% of invoice package price; 2 years 
old - 65% of invoice package price; 3 years old - 45% of invoice 
package price. 

Policies subject to change without notice upon regulation 
change or Board of Directors’ approval.

Insured by NCUA.

1221     B415