First South Financial
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.52% | 5-year CD | 3.00% - Discover Bank 5 Year CD |
| 1.66% | 1-year CD | 2.65% - Discover Bank 12 Month CD |
| 0.05% | Savings | 2.20% - Barclays Online Savings Account |
First South Financial is headquartered in Bartlett and is the 8th largest credit union in the state of Tennessee. It is also the 507th largest credit union in the nation. It was established in 1957 and as of December of 2018, it had grown to 120 employees and 64,752 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
Related Posts
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 Great Credit Union
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.
Tanya Austin
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.
Stay Away From This Bank
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...
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68084 |
| Year Chartered | 1957 |
| Employees | 120 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.14% |
| Return on Equity - YTD | 7.17% |
| Annual Interest Income | $16.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $568.2MM$550.6MM |
| Loans | Q4 2018vs Q4 2017 | $337.0MM$346.1MM |
| Deposits | Q4 2018vs Q4 2017 | $390.8MM$381.0MM |
| Equity Capital | Q4 2018vs Q4 2017 | $169.2MM$157.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $14.0MM$12.7MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $705.00K$583.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $1k | - | Interest Checking |
First South Financial CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | $1k | 6 Month Build-it CD | ||
| 0.10% | $100 | $1k | 3 Month Build-it CD | ||
First South Financial IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | |||||
