Charter 24963 · Bartlett, TN
First South Financial Federal Credit Union
First South Financial Federal Credit Union is a federally chartered credit union in Bartlett, Tennessee, with $845 million in assets and 72,208 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 30.23%, well above the 7% that NCUA's rules treat as well capitalized.
Also does business as First South Financial FCU, First South.
- Total assets
- $845 million
- +5.3% in a year
- Members
- 72,208
- +0.6% in a year
- Net worth ratio
- 30.23%
- Peer median 10.79%
- Loans 60+ days late
- 0.22%
- Peer median 0.67%
- Loans outstanding
- $478 million
- -4.2% in a year
- Shares and deposits
- $576 million
- +4.4% in a year
- Branches
- 15
- 132 employees
- Opened
- 1957
- Federal charter
How First South Financial Federal Credit Union compares
NCUA groups credit unions by size; First South Financial Federal Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 30.23% is higher than that group's median of 10.79%, and its share of loans 60 or more days past due, 0.22%, is lower than the group median of 0.67%. Loans fell 4.2% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 11 of 125 credit unions headquartered in Tennessee. See all Tennessee credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $845 million | 72,208 | $478 million | 30.23% | 0.22% |
| Q1 2026 | $835 million | 71,340 | $476 million | 30.07% | 0.25% |
| Q4 2025 | $829 million | 71,399 | $475 million | 30.36% | 0.31% |
| Q3 2025 | $809 million | 71,826 | $483 million | 30.56% | 0.42% |
| Q2 2025 | $802 million | 71,808 | $499 million | 30.25% | 0.28% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 1.4 million potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 16 sites for First South Financial Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Raleigh
3731 Austin Peay Hwy, Memphis, TN 38128 - Bartlett - Administration (main office)
2723 Summer Oaks Dr, Bartlett, TN 38134 - Bartlett
6471 Stage Rd Ste 100, Bartlett, TN 38134 - Cordova
1575 N Germantown Pkwy, Cordova, TN 38016 - Highland
633 S Highland St, Memphis, TN 38111 - Madison
1940 Madison Ave, Memphis, TN 38104 - Millington
7792 Church St, Millington, TN 38053 - Southaven
185 Goodman Rd W, Southaven, MS 38671 - St Jude
262 Danny Thomas Pl, Memphis, TN 38105 - Whitehaven
1250 E Shelby Dr, Memphis, TN 38116 - Winchester
7166 Winchester Rd, Memphis, TN 38125 - Atoka/Munford Branch
11624 Highway 51 S, Atoka, TN 38004 - Dyersburg
230 Community Park Rd, Dyersburg, TN 38024 - Collierville
638 S Byhalia Rd, Collierville, TN 38017 - North Nashville
1211 51St Ave N, Nashville, TN 37209 - Jackson
10 Channing Way, Jackson, TN 38305
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology