Ascension Credit Union is a not-for-profit, member-owned credit union serving five Louisiana parishes with personal loans, vehicle financing, home equity products, and deposit accounts.
Data compiled from public sources · Rating from CreditDoc methodology
Ascension Credit Union operates as a community-owned financial cooperative serving Ascension, Assumption, Iberville, Livingston, and St. James Parishes in Louisiana. " The institution is led by President and CEO Lloyd Cockerham and emphasizes reinvestment into local communities.
" loans designed for borrowers rejected by traditional banks), vehicle refinancing through their "Switch & Ditch" program, home equity loans and HELOCs, boat and recreational vehicle financing, and standard deposit products. Members gain access to online and mobile banking, appointment scheduling, competitive rates, and lower fees compared to traditional banks. The organization actively promotes membership with quick enrollment and advertises exclusive member benefits.
Ascension Credit Union distinguishes itself through its explicit positioning as an alternative to large banks, its CDFI certification, and its community reinvestment focus. The website emphasizes member testimonials, personalized service, and the flexibility to approve loans that traditional banks decline. Their marketing campaigns like "Switch & Ditch" specifically target borrowers with high-rate auto loans and other vehicles.
As a regional credit union, Ascension is limited to specific Louisiana parishes, which restricts membership availability compared to national banks or online-only institutions. Like all credit unions, membership typically requires meeting eligibility criteria. While the website presents strong testimonials and competitive positioning, actual rate competitiveness and loan approval standards cannot be verified from the website alone.
Ascension processed 20 mortgage applications in 2023, approving 100% of applicants across 1 states.
20
Applications
100%
Approval Rate
$88K
Avg Loan
1
States Served
Based on 20 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. Ascension is a registered company, headquartered in ,, founded in 1974.
Membership approval and account opening typically takes 1-3 business days. Loan decisions are usually faster than traditional banks.
CreditDoc Diagnosis
Ascension Credit Union is best for Louisiana residents in its five-parish service area who seek community-focused, not-for-profit banking and are interested in personal loans, vehicle refinancing, or home equity products. The main caveat is strict geographic limitation — membership is restricted to specific parishes, making this institution inaccessible to the vast majority of U.S. consumers.
Public data from the Consumer Financial Protection Bureau
Source: consumerfinance.gov | Last checked 2026-03-27
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