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Ascentra Credit Union
Founded in 1950, Ascentra Credit Union has more than $575 million in assets. It operates nine branches serving the communities of Bettendorf, Clinton,...
Ascentra Credit Union
Founded in 1950, Ascentra Credit Union has more than $575 million in assets. It operates nine branches serving the communities of Bettendorf, Clinton, Davenport, Muscatine in Iowa and Moline in Illinois.
General information
Firm type
other
Location
Region
North America
Country
United States
City
Bettendorf
Corporate office
Bettendorf, IA, United States
Additional offices
Des Moines · Philadelphia · Bakersfield · West Des Moines · Cedar Rapids · Tucson
Sector focus
Frequently asked questions
Who runs investment decisions at Ascentra Credit Union?
Ascentra does not publicly name its CEO, CIO, or investment committee members. As a cooperative, a member-elected board of directors oversees strategic direction.
How does Ascentra source proprietary deal flow?
As a credit union, Ascentra originates its own loans — mortgages, auto, personal, and credit card — through branch relationships and online applications. It does not invest externally.
Is Ascentra structured as a single family office or does it operate more like a bank?
Ascentra is a state-chartered credit union — a member-owned cooperative — not a family office or asset manager. Its structure is analogous to a user-owned bank focused on consumer financial services.
Does Ascentra participate in fund commitments or only direct deals?
Ascentra does not publicly report institutional fund commitments. It engages in direct consumer lending: mortgages, vehicle loans, personal loans, and credit cards.
What investment stages does Ascentra typically target?
Ascentra does not invest in companies or funds. It provides consumer and real estate loans to individual members. Its lending categories include new and used auto loans, fixed-rate mortgages (e.g., 10-year), and personal loans via Cash-Now.
Does Ascentra maintain philanthropic structures, and how are they separated?
Ascentra does not publicly disclose a separate philanthropic foundation. It runs a free financial coaching program and hosts community blood drives, using operating funds.
What is Ascentra's known posture on co-investments alongside external GPs?
Ascentra does not engage in co-investments. As a credit union, its business model is member lending, not institutional investing.
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