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Overview / Commentary
901-380-7400
6471 Stage Rd Ste 200
Bartlett, TN 38134-2847

First South Financial is headquartered in Bartlett and is the 9th largest credit union in the state of Tennessee. It is also the 489th largest credit union in the nation. It was established in 1957 and as of June of 2016, it had grown to 107 employees and 56,185 members at 14 locations. First South Financial has an A+ health rating.

Field of Membership Restrictions

First South Financial Credit Union of Tennessee is open to the residents, people that maintain employment, church members, and registered students within these qualified counties: Shelby, Tipton, Fayette, Dyer, Madison, DeSoto, Marshall, Tate, and Tunica.
See current membership details

Related Posts

$200 Checking Bonus At New Collierville Branch Only - 11/9/2016

Get $200 when you open a First South Financial checking account*Offer valid through 11/30/16Checking account must be opened with at least $50You must make at least 15 debit card purchases within the first 60 days the account is open$200 bonus will be paid 30 days after the account qualifiesAccount must be opened at our Collierville banking centerCollierville Only Specials - First South Financial

10% 1Yr CD & $200 Checking Bonus In Memphis Area - 10/21/2016

Grand opening specials at First South Financial Credit Union’s new Collierville location (accounts must be opened at this location by 11/30/16) 10% apy 1-year CD $1,000 max per household $200 bonus for opening checking account must be opened with at least $50 must make at least 15 debit card purchases within the first 60 days the account is open $200 bonus will be paid 30 days after the account qualifies Grand opening specials page link They also have a $50 direct deposit bonus and a $25 refer-a-friend bonus that are available at all locations. Promotion page link

Reviews (4)

Excellent Place To Bank

Been banking with them for almost 19 years and have never gotten bad service. I was paying a monthly service fee to a bank for my checking account unless I kept $700 in it! Crazy! Theirs is much lower. Love to bank with First South Financial!

A loyal customer for 7 years.

Being a loyal customer of First South Financial credit union for almost seven years, Id have to say that I have really enjoyed my experiences with them. They have convenient online banking that's easy for me to access my account and great customer service over the phone. Upon visiting one of their local branches I'm always greeted with very friendly service and every person there is always willing to assist me. Another reason I've enjoyed banking with First South Financial Credit Union is that they are always finding ways to improve their customers banking needs and since they have been so great to me I cant help but to recommend them to all my friends and family.

A Fee-Happy Credit Union With Low Interest Rates On Deposits

I prefer credit unions over banks for their lower and fewer fees. I mostly chose to open an account at First South because they have locations that are convenient for me.

Unfortunately, I think I've ended up paying more fees at First South than any other bank or credit union I've used. Most recently, they've started charging members a 3% fee to deposit coins. The current annual interest yield on my share account is measly 0.07%. I have a bank account that pays over ten times that rate.

First South provides clear evidence that credit unions aren't always a better value than banks.

On a positive note, in my experience First South has a lot of young and attractive tellers to ogle while waiting in line. This might be the only reason I continue to maintain an account there.

Horror At First South

First South wrongfully transferred 100% of my funds and violated banking regulations around source of funds verification.

Its response: Errors happen.

Its errors. My legal expense. Months before I recovered any of my funds.

I highly recommend USAA, not First South.



Health
A+

Health Grade Components

Overall
NCUA #68084
Year Chartered1957
Employees107
Primary Regulator
Profit Margin
Return on Assets - YTD1.79%
Return on Equity - YTD6.58%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$519.2MM$494.7MM
LoansQ2 2016vs Q2 2015$300.1MM$254.2MM
DepositsQ2 2016vs Q2 2015$369.7MM$354.2MM
Equity CapitalQ2 2016vs Q2 2015$140.6MM$131.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$12.6MM$12.4MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$232.00K$287.00K
Real Estate OwnedQ2 2016vs Q2 2015$89.00K$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

$200 Checking Bonus At New Collierville Branch Only

Carpline   |  
Get $200 when you open a First South Financial checking account*
  • Offer valid through 11/30/16
  • Checking account must be opened with at least $50
  • You must make at least 15 debit card purchases within the first 60 days the account is open
  • $200 bonus will be paid 30 days after the account qualifies
  • Account must be opened at our Collierville banking center
Collierville Only Specials - First South Financial

10% 1Yr CD & $200 Checking Bonus In Memphis Area

greco   |  
Grand opening specials at First South Financial Credit Union’s new Collierville location (accounts must be opened at this location by 11/30/16)

10% apy 1-year CD
$1,000 max per household

$200 bonus for opening checking account
must be opened with at least $50
must make at least 15 debit card purchases within the first 60 days the account is open
$200 bonus will be paid 30 days after the account qualifies

Grand opening specials page link

They also have a $50 direct deposit bonus and a $25 refer-a-friend bonus that are available at all locations.

Promotion page link

Rates
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Always verify rates and promotions with the bank or credit union. We are not First South Financial; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First South Financial Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$20k*-Health Savings Account
OTHER TIERS: 0.05% $200 - $3k | 0.07% $3k - $20k
0.10%*$20k*-Prime Savings
OTHER TIERS: 0.05% $200 - $3k | 0.07% $3k - $20k
0.07%--Vacation Savings Club
0.07%--Christmas Club
0.05%$1k-Savings Plus

First South Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*-Money Market Account
OTHER TIERS: 0.10% $2,500 - $15k | 0.15% $15k - $25k | 0.21% $25k - $50k | 0.25% $50k - $100k

First South Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Interest Checking

First South Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$200k*-60 Month CD
OTHER TIERS: 0.30% $500 - $10k | 1.11% $10k - $50k | 1.16% $50k - $200k
0.95%*$200k*-36 Month CD
OTHER TIERS: 0.30% $500 - $10k | 0.75% $10k - $50k | 0.85% $50k - $200k
0.95%*$200k*-48 Month CD
OTHER TIERS: 0.30% $500 - $10k | 0.75% $10k - $50k | 0.85% $50k - $200k
0.80%*$200k*-24 Month CD
OTHER TIERS: 0.25% $500 - $10k | 0.60% $10k - $50k | 0.70% $50k - $200k
0.80%*$200k*-30 Month CD
OTHER TIERS: 0.25% $500 - $10k | 0.60% $10k - $50k | 0.70% $50k - $200k
0.65%*$200k*-12 Month CD
OTHER TIERS: 0.20% $500 - $10k | 0.45% $10k - $50k | 0.55% $50k - $200k
0.65%*$200k*-18 Month CD
OTHER TIERS: 0.20% $500 - $10k | 0.45% $10k - $50k | 0.55% $50k - $200k
0.50%*$200k*-6 Month CD
OTHER TIERS: 0.15% $500 - $10k | 0.30% $10k - $50k | 0.40% $50k - $200k
0.40%*$200k*-3 Month CD
OTHER TIERS: 0.10% $500 - $10k | 0.20% $10k - $50k | 0.30% $50k - $200k
0.15%$100$10k6 Month Build-it CD
0.10%$100$10k3 Month Build-it CD

First South Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$200k*-60 Month IRA
OTHER TIERS: 0.30% $500 - $10k | 1.11% $10k - $50k | 1.16% $50k - $200k
0.95%*$200k*-36 Month IRA
OTHER TIERS: 0.30% $500 - $10k | 0.75% $10k - $50k | 0.85% $50k - $200k
0.95%*$200k*-48 Month IRA
OTHER TIERS: 0.30% $500 - $10k | 0.75% $10k - $50k | 0.85% $50k - $200k
0.80%*$200k*-24 Month IRA
OTHER TIERS: 0.25% $500 - $10k | 0.60% $10k - $50k | 0.70% $50k - $200k
0.80%*$200k*-30 Month IRA
OTHER TIERS: 0.25% $500 - $10k | 0.60% $10k - $50k | 0.70% $50k - $200k
0.65%*$200k*-12 Month IRA
OTHER TIERS: 0.20% $500 - $10k | 0.45% $10k - $50k | 0.55% $50k - $200k
0.65%*$200k*-18 Month IRA
OTHER TIERS: 0.20% $500 - $10k | 0.45% $10k - $50k | 0.55% $50k - $200k
0.50%*$200k*-6 Month IRA
OTHER TIERS: 0.15% $500 - $10k | 0.30% $10k - $50k | 0.40% $50k - $200k
0.40%*$200k*-3 Month IRA
OTHER TIERS: 0.10% $500 - $10k | 0.20% $10k - $50k | 0.30% $50k - $200k
Locations

First South Financial has 14 locations. Click to view all First South Financial locations.