Sep, 30, 2025 — FIRST SOUTH FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in BARTLETT, TN with 15 branch locations and about $809.06 million in total assets. Opened 69 years ago in 1957, FIRST SOUTH FINANCIAL FEDERAL CREDIT UNION has about 71,826 members and employs 133 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST SOUTH FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2723 Summer Oaks Dr BARTLETT, TN 38134 |
| Phone: | (901) 380-7400 |
| Fax: | (901) 380-7320 |
| Website: | https://www.firstsouth.com |
| Branches: | 15 branch locations |
| Members: | 71,826 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24963 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $809,063,213 |
| CEO/Manager: | W. Craig Esrael |
| Chairperson: | Gary Blume |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 311,176,513 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 569,414 |
| Real Estate Loans | 239,061,763 |
| Unsecured Loans | 25,259,216 |
| Other Loans | 218,876,168 |
| TOTAL LOANS | 483,197,147 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,557,274 |
| Land And Building | 11,524,107 |
| Other Fixed Assets | 1,424,297 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,753,791 |
| All Other Assets | 99,106 |
| TOTAL ASSETS | 809,063,213 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 540,778 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,261,597 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 119,930,124 |
| Regular shares | 223,603,215 |
| All Other Shares & Deposits | 210,742,178 |
| TOTAL SHARES & DEPOSITS | 554,275,517 |
| TOTAL LIABILITIES | 566,377,892 |
| Regular Reserve | 0 |
| Other Reserves | 651,418 |
| Undivided Earnings | 242,033,903 |
| TOTAL EQUITY | 242,685,321 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 809,063,213 |
| INCOME & EXPENSE | |
| Loan Income | 20,732,502 |
| Investment Income | 9,570,865 |
| Other Income | 12,365,244 |
| Total Employee Compensation & Benefits | 11,853,472 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,880,595 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,130,000 |
| Cost of Funds | 4,519,151 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,034,393 |
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