2. First South Financial

First South Financial

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.52%5-year CD
3.10% - Barclays 60 Month Online CDAdvertisement
1.66%1-year CD
2.75% - Barclays 12 Month Online CDAdvertisement
0.05%Savings
2.10% - American Express National Bank High Yield Savings AccountAdvertisement
View all First South Financial rates »

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

First South Financial is headquartered in Bartlett and is the 8th largest credit union in the state of Tennessee. It is also the 504th largest credit union in the nation. It was established in 1957 and as of September of 2018, it had grown to 124 employees and 64,222 members at 16 locations. First South Financial's CD rates are 84% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

First South Financial Credit Union of Tennessee is open to those who live, work, attend school or worship in Shelby, Tipton, Fayette, Dyer, Madison, DeSoto, Marshall, Tate, and Tunica counties in Tennessee.
See current membership details

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Reviews (9)

A loyal customer for 7 years.

Posted by: mandychandler | Aug 9, 2014

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.

5

A Great Credit Union

Posted by: RickSY | Dec 7, 2016

I love this credit union! I have been using it for about 5 years. In that time, I have only once been charged a fee. That is when I let my checking account balance dip below $200. Checking accounts are free if you maintain a balance of $200, which is very nice. I also have a savings account there. It has several branches in my city and the suburbs and it has ATM machines for 24 hour access. It offers easy transfers between accounts. The only strange thing I found was the lack of deposit slips. If I want to make a deposit, I can either do so at the ATM or at the teller's window. I just give them the money or the check and tell them which account it should go in. I have had no issues with this credit union whatsoever. Setting up my account was easy and the tellers are very friendly. It has great reviews and has been in business for a long time.

3

Tanya Austin

Posted by: D_single_1 | May 25, 2018

Just had the most rude lady ever “assisting” me with my account. I was totally insulted. She should NOT be working customer service. Not to mention I feel that this credit union has robbed me of $144!
After reading their Facebook reviews, I see that this is a systemic issue and common practice.
I will be changing my direct deposit IMMEDIATELY! MIlitary... don’t waste your time or business with this establishment! I will definitely be informing all of my junior troops troops that are newly reporting to this area. Beware. Seek a different banking establishment.

2

Stay Away From This Bank

Posted by: Jeanettesanchez | Oct 16, 2018

Stay away from this bank. My money was taken out from my account without my permission and they refused to refund my money back Customer service was not even helpful...

1
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Health
A+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #68084
Year Chartered1957
Employees124
Primary Regulator
Profit Margin
Return on Assets - YTD2.05%
Return on Equity - YTD7.05%
Annual Interest Income$12.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$567.2MM$548.9MM
LoansQ3 2018vs Q3 2017$340.7MM$350.6MM
DepositsQ3 2018vs Q3 2017$385.6MM$382.5MM
Equity CapitalQ3 2018vs Q3 2017$165.9MM$154.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$13.7MM$12.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$519.00K$643.00K
Real Estate OwnedQ3 2018vs Q3 2017$5.00K$0
Rates
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* 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
0.20%*$20k*-Prime Savings
OTHER TIERS: 0.10% → $200 - $3k | 0.15% → $3k - $20k
0.10%*$20k*-Health Savings Account
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
0.55%*$100k*-Money Market Account
OTHER TIERS: 0.10% → Up to $2.5k | 0.30% → $2.5k - $15k | 0.35% → $15k - $25k | 0.40% → $25k - $50k | 0.45% → $50k - $100k

First South Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Interest Checking

First South Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%$5k-16 Month CD Special with New FS Checking - New Money Only
2.52%*$200k*-60 Month CD
OTHER TIERS: 1.61% → $1k - $10k | 2.32% → $10k - $50k | 2.42% → $50k - $200k
2.45%$5k-16 Month CD Special without Checking - New Money Only
2.02%*$200k*-48 Month CD
OTHER TIERS: 1.10% → $1k - $10k | 1.81% → $10k - $50k | 1.91% → $50k - $200k
1.76%*$200k*-36 Month CD
OTHER TIERS: 0.95% → $1k - $10k | 1.56% → $10k - $50k | 1.66% → $50k - $200k
1.71%*$200k*-24 Month CD
OTHER TIERS: 0.75% → $1k - $10k | 1.51% → $10k - $50k | 1.61% → $50k - $200k
1.71%*$200k*-30 Month CD
OTHER TIERS: 0.75% → $1k - $10k | 1.51% → $10k - $50k | 1.61% → $50k - $200k
1.66%*$200k*-12 Month CD
OTHER TIERS: 0.65% → $1k - $10k | 1.46% → $10k - $50k | 1.56% → $50k - $200k
1.66%*$200k*-18 Month CD
OTHER TIERS: 0.65% → $1k - $10k | 1.46% → $10k - $50k | 1.56% → $50k - $200k
1.20%*$200k*-6 Month CD
OTHER TIERS: 0.55% → $1k - $10k | 1.00% → $10k - $50k | 1.10% → $50k - $200k
0.70%*$200k*-3 Month CD
OTHER TIERS: 0.40% → $1k - $10k | 0.50% → $10k - $50k | 0.60% → $50k - $200k
0.20%$100$1k6 Month Build-it CD
0.10%$100$1k3 Month Build-it CD

First South Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%$5k-16 Month IRA Special with New FS Checking - New Money Only
2.52%*$200k*-60 Month IRA
OTHER TIERS: 1.61% → $1k - $10k | 2.32% → $10k - $50k | 2.42% → $50k - $200k
2.45%$5k-16 Month IRA Special without Checking - New Money Only
2.02%*$200k*-48 Month IRA
OTHER TIERS: 1.10% → $1k - $10k | 1.81% → $10k - $50k | 1.91% → $50k - $200k
1.76%*$200k*-36 Month IRA
OTHER TIERS: 0.95% → $1k - $10k | 1.56% → $10k - $50k | 1.66% → $50k - $200k
1.71%*$200k*-24 Month IRA
OTHER TIERS: 0.75% → $1k - $10k | 1.51% → $10k - $50k | 1.61% → $50k - $200k
1.71%*$200k*-30 Month IRA
OTHER TIERS: 0.75% → $1k - $10k | 1.51% → $10k - $50k | 1.61% → $50k - $200k
1.66%*$200k*-12 Month IRA
OTHER TIERS: 0.65% → $1k - $10k | 1.46% → $10k - $50k | 1.56% → $50k - $200k
1.66%*$200k*-18 Month IRA
OTHER TIERS: 0.65% → $1k - $10k | 1.46% → $10k - $50k | 1.56% → $50k - $200k
1.20%*$200k*-6 Month IRA
OTHER TIERS: 0.55% → $1k - $10k | 1.00% → $10k - $50k | 1.10% → $50k - $200k
0.70%*$200k*-3 Month IRA
OTHER TIERS: 0.40% → $1k - $10k | 0.50% → $10k - $50k | 0.60% → $50k - $200k
Locations

Availability



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