Business Details
50+ Years
experience
Your Trusted Financial Partner Since 1950
Ascentra Credit Union Credit Union has served Eastern Iowa and Western Illinois communities for over 75 years, rooted in a cooperative philosophy of 'people helping people.' Founded in 1950 by Alcoa employees, we've grown to serve 40,000+ members with $556 million in assets across nine branches. Our member-owned structure prioritizes community impact through financial education programs like Making Cents Coaching, down payment assistance grants, and partnerships with local organizations.We distinguish ourselves through personalized service, competitive rates on loans and savings products, and a commitment to financial wellness that extends beyond traditional banking. Our locally-based decision-making ensures tailored solutions for individuals, families, and businesses in our service area.
Services
Financial Coaching
Mortgage Loans
Credit Cards
Savings Accounts
Digital Banking
Down Payment Assistance
Personal Loans
Auto Loans
Wealth Management
Business Banking
Details
- Year established: 1950
Highlights and features
- We offer free personalized financial coaching to all members
- Our 75-year history demonstrates deep community commitment
- Competitive rates on mortgages, loans, and savings accounts
- Local decision-making ensures tailored financial solutions
- We reinvest profits back into member benefits and community programs
Services
Financial Coaching
Our Making Cents program provides personalized financial coaching to help members create budgets, manage debt, and build financial security. Certified coaches work one-on-one with members to develop customized plans that address unique financial challenges. This service empowers individuals to achieve financial goals through practical strategies and ongoing support.
Mortgage Lending
We offer competitive mortgage solutions including fixed-rate loans with 5% minimum down payment and first-time homebuyer programs requiring just 3% down. Our local experts guide clients through the process, offering down payment assistance grants and flexible escrow options. Our goal is to make homeownership accessible while ensuring long-term financial sustainability.
Digital Banking
Our digital platform provides 24/7 access to account management, bill pay, budgeting tools, and mobile check deposit. Members can monitor spending patterns, set financial goals, and securely manage accounts through our app. The platform integrates with external accounts for comprehensive financial oversight and automated savings planning.
Credit Cards
We offer credit cards with competitive rates including a balance transfer option featuring 2.99% APR for six months. Our cards help build credit history while providing purchase protection and rewards programs. Financial coaches work with members to ensure responsible credit use aligned with personal financial goals.
Community Programs
Through partnerships and in-house initiatives, we provide financial literacy workshops, youth programs, and community development projects. Our Making Cents video series covers budgeting, credit management, and wealth-building strategies. These programs reflect our commitment to improving financial wellness across generations.
Questions
How do I enroll in Ascentra's Digital Banking?
Visit ascentra.org, click 'Enroll' next to the login button, and follow the prompts to create your account with your business information.
What financial coaching services are available?
Our Making Cents program offers free personalized budgeting help, debt management strategies, and financial goal planning with certified coaches.
Do you offer mortgage loans for first-time homebuyers?
Yes, we offer specialized mortgage programs with 3% down payment options and $7,500 down payment assistance grants for qualified first-time buyers.
What areas does Ascentra serve?
We serve residents and businesses in 21 counties across Eastern Iowa and Western Illinois, including Davenport, Bettendorf, and Moline.
How does Ascentra support local communities?
We reinvest profits through financial education programs, local charity partnerships, scholarship programs, and economic development initiatives.
What sets credit unions apart from banks?
As a member-owned cooperative, we return profits to members through better rates, lower fees, and community-focused financial services.
