First South Financial Collierville TN Credit Union | Best Auto Loans & Business Banking

Introduction

Welcome to First South Financial, your trusted partner in financial services located at 638 S Byhalia Rd, Collierville, TN 38017. Since our establishment in 1957, we have proudly served our community, growing to a membership of over 72,145 members who rely on us for their banking needs. With total assets of $758,451,250 and total deposits reaching $182,228,745, we are committed to providing you with the best financial solutions tailored to your lifestyle. At First South Financial, we understand that every dollar counts. That's why we offer a range of products and services including personal banking options like checking and savings accounts, auto loans, mortgages, personal loans, credit cards with rewards, and business banking solutions. Our dedicated team of 128 employees, led by CEO W. Craig Esrael and Board President Deb Ross, is here to ensure that you receive personalized service every time you visit. While members can visit us at our branch location, official correspondence should be sent to the same address: 638 S Byhalia Rd, Collierville, TN 38017-9321. We invite you to take advantage of our online and mobile banking services for your convenience. With a solid net worth of $237,033,751 and cash in hand totaling $9,323,149, First South Financial stands ready to support your financial journey. Whether you're looking to purchase a new vehicle or need assistance with managing your finances effectively, we are here for you every step of the way. Feel free to reach out to us at 901-457-3080 for any inquiries or visit our website at First South Financial for more information. Join us today and experience the difference in member-focused banking!

Branch History & Mission

Community Engagement

We take pride in being active participants in the Collierville community. Through various outreach programs and partnerships with local organizations, we work tirelessly to give back and uplift those around us. Our commitment extends beyond just financial transactions; it's about building a supportive network where everyone can thrive together. With convenient operating hours from 8:30 AM to 5:00 PM Monday through Thursday and extended hours until 6:00 PM on Fridays for lobby service (alongside drive-thru availability), we're here when you need us most. Plus, with ATM access at your fingertips and mobile banking options available, managing your finances has never been easier.

Join Us Today!

If you're looking for a credit union that truly cares about its members and their well-being, look no further than First South Financial. Experience firsthand how we can help you achieve your financial goals while making a positive impact in our community. Visit us today or call us at 901-457-3080 your brighter financial future starts here!

Our Journey

First South Financial began with a mission to empower individuals and families through better financial choices. Over the years, we have expanded our services and embraced advancements in technology to meet the evolving needs of our community. From offering basic savings accounts to providing comprehensive business banking services, we have adapted to ensure our members have access to the tools they need for financial success. As of today, we proudly hold assets totaling $758,451,250. This growth reflects not just our financial stability but also our dedication to fostering strong relationships within the community. We understand that when our members thrive, so does Collierville.

Our Mission

At First South Financial, our mission is simple yet profound: we strive to deliver exceptional financial services while enhancing the lives of those in our community. We believe in treating every member like family, ensuring that you receive personalized support as you navigate your financial journey. Our offerings include personal banking options such as checking and savings accounts, auto loans and financing, mortgage loans and refinancing, personal loans, credit cards with rewards, and business banking solutions. We are here to support you through every phase of life whether you're purchasing your first car or starting a new business. While you can visit us at our branch location for all your banking needs, official correspondence should be sent to the same address: 638 S Byhalia Rd, Collierville, TN 38017-9321.

Branch Location & Accessibility

Get In Touch!

If you have questions or need assistance, don't hesitate to reach out! You can contact us at 901-457-3080. We look forward to welcoming you into our branch soon. Come visit us today and discover how we can assist with your financial journey!

Nearby Landmarks and Accessibility Features

Situated in the heart of Collierville, TN, our branch is just a stone's throw away from popular spots like the Collierville Town Square, making it an ideal stop for your banking needs while you enjoy the local area. We understand the importance of accessibility; our location features ADA-compliant entrances, ensuring that all members can easily access our services.

Parking and Hours

Ample parking is available right outside, so you won't have to worry about finding a spot. Our operating hours are designed to fit your busy schedule: we're open from 8:30 AM to 5:00 PM Monday through Thursday, extending our Friday hours until 6:00 PM. For those who prefer drive-thru banking, we offer the same convenient hours for both lobby and drive-thru services.

Services Offered

At First South Financial, we take pride in offering a wide range of services tailored to meet your financial needs. From personal checking and savings accounts to auto loans and mortgages, we've got you covered. Plus, with our ATM on-site, you can withdraw cash or check balances at your convenience.

Member Eligibility

Becoming a member of First South Financial feels like joining a close-knit community that truly cares about your financial well-being. To be eligible, you simply need to reside, work, or worship in the areas we serve, which opens the door for many people to join our family. At First South Financial, we believe everyone deserves access to quality financial services, and our members enjoy a range of benefits designed to help them thrive financially. From competitive loan rates to personalized support, we're here to make your banking experience friendly and rewarding. If you want more detailed information on eligibility criteria, feel free to check out our resource at . Ready to get started? Opening an account is a breeze just give us a call at (901) 457-3080 or visit us at 638 S Byhalia Rd Collierville Tn 38017, and we'll guide you through the process!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $10 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $3,937,254, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer comprehensive merchant services designed to simplify payment processing for your business. Imagine being able to accept payments anywhere whether at your storefront or online without hassle. Our services help streamline your operations and enhance customer satisfaction, allowing you to focus on what matters most: growing your business. Visit us at 638 S Byhalia Rd Collierville Tn 38017 in Collierville, TN, or call us at (901) 457-3080 to learn how we can support your business journey!

Comprehensive List Of Services

Business Banking

For local entrepreneurs, we provide essential business banking services that include merchant services and business loans. These tools empower businesses to thrive by simplifying transactions and supporting growth initiatives.

Convenient Access

Need cash? Our ATMs offer easy access for withdrawals and balance checks whenever you need them. For those who prefer personal interactions, our basic drive-thru banking provides convenience for deposits, withdrawals, and simple transactions without leaving your car. At First South Financial, we pride ourselves on being more than just a bank; we are a partner in your financial success. Whether you're stepping into our branch at 638 S Byhalia Rd Collierville Tn 38017 or visiting us online at Collierville, we're here to support you every step of the way. Feel free to reach out at (901) 457-3080 if you have any questions or want more information about how we can serve you better! Your financial well-being is our top priority.

Credit Options

Our credit card offerings come with rewards that let you earn while you spend, making every purchase count toward future benefits. Whether you're paying for groceries or planning a vacation, our credit cards with rewards can enhance your purchasing power.

Digital Banking Features

In today's fast-paced world, we know how important it is for you to manage your finances on the go. That's why we've invested in robust online and mobile banking platforms. You can check balances, transfer funds, and even make payments right from your smartphone or computer whenever it suits you.

Personal Banking

We offer an array of personal banking options tailored to fit your lifestyle. Our checking and savings accounts provide the flexibility you need for everyday transactions and long-term savings goals. If you're planning to purchase a new vehicle, consider our auto loans and vehicle financing solutions. With competitive rates and easy terms, we make car shopping less stressful. For those dreaming of home ownership or considering refinancing, our mortgage loans and refinancing options are designed to help you secure the best deal possible. We also cater to individuals looking for quick access to cash through personal loans and debt consolidation, simplifying your finances when life throws unexpected expenses your way.

Digital & Online Banking

At First South Financial, we understand that your time is valuable. That's why we offer a variety of digital and online banking services designed to provide you with convenience and security. With our user-friendly tools, managing your finances has never been easier. Our robust online banking platform at https://www.firstsouth.com/ allows you to access your accounts anytime, anywhere. Whether you're checking balances or transferring funds, our 24/7 online banking services ensure that your financial needs are met around the clock. You can even enjoy the ease of e-statements, which not only help you stay organized but also reduce paper clutter. For those on the go, our mobile application is a game-changer. It empowers you to manage your accounts right from your smartphone. You can make mobile payments with ease, ensuring that you can pay for purchases or bills swiftly without fumbling for cash or cards. Plus, our person-to-person transfer feature lets you send money to friends or family in seconds perfect for splitting bills or sending gifts. While convenience is key, we prioritize your security as well. Although we do not currently offer electronic signature authorization, rest assured that all transactions through our online and mobile platforms are protected by advanced security measures. With these digital features at First South Financial, you gain real-time control over your finances with just a few taps. Simplifying your banking experience means more time for what truly matters in life. Experience the future of banking today!

Financial Strength

A Solid Foundation

With a net worth of $237,033,751, we maintain robust financial health, allowing us to provide better rates, lower fees, and enhanced member services. Our net worth ratio of 30.71% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Community Trust

Total Share Accounts stand at 105,267, indicating a strong and growing member base that trusts us with their finances. With net shares available for lending and investments totaling $122,442, we are well-positioned to support all your banking needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, First South Financial is your trusted partner. Visit us at 638 S Byhalia Rd Collierville TN 38017 or call 901-457-3080 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

With $222,998,070 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity is impressive; with $6,064 in used auto loans and a total of $525,768,490 in loans and leases, we support your financial goals across various sectors.

Member-Centric Savings

Your savings are secure with us. We have $82,818,158 in share certificates and $74,335,121 in money market shares, offering you stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits totaling $249,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is reflected in our net income of $0, showcasing our commitment to maintaining a sustainable model that puts members first. We also take pride in having 128 full-time employees, ensuring our branches are always ready to serve you with knowledgeable staff dedicated to your financial well-being.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $154,370,001 in used vehicle loans and $88,037,234 in new vehicle loans already helping members get on the road. Whether you are looking for financing for a brand-new model or a reliable used vehicle, we have options that can fit your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $3,937,254 provide the capital needed to grow and expand. We are committed to supporting local businesses and ensuring they have access to the resources they need for success.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $62,913,866, make buying or refinancing simple. We understand that purchasing a home is one of the biggest decisions you'll make, and our team is here to guide you through every step of the process.

Refinancing Options

If you're considering refinancing an existing loan or seeking eligibility options for any of our products, our team is ready to assist you. We can help you explore ways to reduce your monthly payments or adjust your terms for better alignment with your current financial situation. At First South Financial, we prioritize transparency and understanding. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Feel free to reach out to us at 901-457-3080 for more information on any of our loan products or visit us online at First South Financial. Your financial journey starts here!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $18,404,870 in loans helping members manage their finances effectively. These credit cards provide you with the freedom to make purchases when you need them without tying up your cash flow.

Loan Aggregator

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FIRST SOUTH FINANCIAL FEDERAL CREDIT UNION - Collierville, TN