TULLAHOMA, TN, and ATLANTA, GA (Nov. 10, 2026) – Ascend Federal Credit Union and LGE Community Credit Union announced today that their proposed merger has received regulatory approval and approval from LGE members through a recent vote. The partnership brings together two member‑owned credit unions with long histories of serving people, strengthening communities, and building relationships rooted in trust.
The combined credit union will retain the name “Ascend Federal Credit Union” and its federal charter. LGE will retain its name as a division of Ascend during the transition until the core system conversion of the combined organization is completed. Matt Jernigan, Ascend’s president and CEO, will lead the combined organization, which will serve more than 390,000 members across Tennessee and Georgia, with more than $7 billion in assets, approximately 950 employees, and more than 40 branch locations. Chris Leggett, president and CEO of LGE, will remain in an executive role following the merger.
The organizations view their markets as complementary. “Ascend and LGE are a natural fit, with shared values, strong histories and a common commitment to putting people first,” Jernigan said. “Together, we’ll have greater resources and capabilities to serve our members, support our employees, and strengthen the communities we call home. I’m honored to lead this combined organization into its next chapter.”
By combining resources and expertise, the credit unions expect to enhance long‑term stability, share best practices, and better support members across a broader footprint.
“After 75 years of serving our members and communities, LGE has built a legacy we are incredibly proud of,” Leggett said. “This merger allows us to carry that legacy forward while creating new opportunities for our members and employees. We share Ascend’s commitment to people, service, and community, and I’m excited about what we can accomplish together.”
The effective legal date is scheduled for Jan. 1, 2027. Merger operations are expected to be completed by early 2028.
About Ascend Federal Credit Union
With more than 270,000 members and assets surpassing $4.9 billion, Ascend Federal Credit Union is Middle Tennessee’s largest federally chartered credit union. Headquartered in Tullahoma, Tenn., the not-for-profit financial institution is dedicated to empowering its members through comprehensive financial services, including personal banking, loans, retirement planning, and investment solutions. The Ascend network consists of 28 branch locations and is complemented by over 55,000 fee-free ATMs worldwide and a feature-rich digital banking platform. Ascend's commitment extends beyond the concept of traditional banking, with a strong focus on financial education and significant community investment. Ascend is federally insured by the National Credit Union Administration.
For more information, visit www.ascend.org.
About LGE Community Credit Union
Named one of America’s Best Credit Unions 2026 by Newsweek, LGE Community Credit Union connects metro Atlanta and northwest Georgia to best-in-class financial products, expert advice, and personalized service. As a not-for-profit credit union with $2.4 billion in assets, LGE serves more than 128,000 members and is guided by a strong commitment to delivering a better financial future. Since 2010, LGE has given back over $3 million to local nonprofit organizations and individuals in need through the LGE Community Outreach Foundation. LGE is federally insured by the National Credit Union Administration.
For more information, visit www.lgeccu.org.