A tie strap assembly for encircling and securing bundles of articles or discrete items including a looped tie strap or elastic band and a coupler for engaging opposite ends of the strap. The coupler includes an elongated shank having hook shaped arms on one end and an open ring on the opposite end. Protrusions are provided on the ring for capturing one end of the strap and keeper arms protrude from the shank to aid in holding the opposite end of the strap on the hook shaped arms. The ring has an open center for hanging the assembly for storage.