First South Financial Memphis TN Credit Union | Top Auto Loans & Business Banking

Introduction

Welcome to First South Financial, your trusted credit union located at 262 Danny Thomas Pl, Memphis, TN 38105. Established in 1957, we have been dedicated to serving our community for over six decades. With a total membership of 72,145 and assets exceeding $758 million, we pride ourselves on being a pillar of support for individuals and families in the Memphis area. At First South Financial, we understand that financial needs vary from person to person. That's why we offer a range of services including personal banking, auto loans, mortgage loans, and business banking solutions. Whether you're looking to save for the future or need assistance with financing your dream vehicle, our experienced team is here to help you every step of the way. Our commitment to our members is reflected in our strong financial health, boasting total deposits of $182,228,745 and a net worth of $237,033,751. We believe in providing value through competitive loan rates and exceptional member service. Our CEO, W. Craig Esrael, along with Board President Deb Ross, leads our team of 128 dedicated employees who are eager to assist you. While members can visit us at our branch for personalized service, official correspondence should be sent to the same address: 262 Danny Thomas Pl, Memphis, TN 38105-3678. For any questions or assistance, feel free to reach out to us at (901) 595-3366 or explore more about our services by visiting firstsouth.com. Join us today and discover how First South Financial can help you achieve your financial goals!

Branch History & Mission

Welcome to First South Financial, a cornerstone of the Memphis community since 1957. Located at 262 Danny Thomas Pl, Memphis, TN 38105, our branch has grown and evolved over the decades, building a rich legacy of trust, service, and commitment to our members. As part of a larger mission to provide accessible financial services, we are proud to serve over 72,145 members and manage total assets exceeding $758 million. From our humble beginnings, First South Financial has always aimed to meet the needs of our community. We began with a simple goal: to offer reliable financial services that empower individuals and families. Over the years, we have expanded our offerings from basic savings and checking accounts to include auto loans, mortgages, personal loans, and business banking solutions. Each step in our journey reflects our dedication to helping members achieve their financial goals. Our mission is clear: we strive to enhance the lives of those we serve by providing comprehensive financial services while fostering a sense of community. We believe in being more than just a credit union; we want to be a partner in your financial journey. Our commitment extends beyond banking; we actively participate in community outreach initiatives that uplift and support local organizations. While members can visit us at 262 Danny Thomas Pl, official correspondence should be sent to our mailing address at 262 Danny Thomas Pl, Memphis, TN 38105-3678. Our branch operates Monday through Friday from 7:30 AM to 4:00 PM, making it convenient for you to stop by or reach out via phone at 901-595-3366. In today's world, we recognize the importance of digital advancements. Our members enjoy access to online banking, mobile payments, and e-statements that make managing finances easier than ever before. While we do not currently offer drive-thru services or shared service centers, we ensure that our ATM is available for your cash withdrawal needs. At First South Financial, we are dedicated not only to providing excellent financial products but also to fostering relationships built on trust and integrity. We invite you to join us and experience firsthand the benefits that come with being a member of our credit union. Together, let's build a brighter financial future!

Branch Location & Accessibility

Accessibility Features

Our branch is designed with accessibility in mind. We provide ADA-compliant facilities, ensuring that everyone can visit us comfortably. Parking is available nearby, so you can easily pop in for your banking needs without any hassle.

Operating Hours

First South Financial is open Monday through Friday from 7:30 AM to 4:00 PM. These hours are tailored to fit your busy schedule, allowing you to manage your finances when it's most convenient for you.

Services Offered

At our St Jude location, we offer a variety of services including personal banking options like checking and savings accounts, auto loans, mortgage loans, personal loans, and credit cards with rewards. Plus, we have ATM availability for quick cash withdrawals and balance checks whenever you need them. While we do not have drive-thru services or shared service centers at this location, our friendly staff is ready to assist you inside the branch. Feel free to reach out to us at 901-595-3366 if you have any questions or would like more information about what we offer. We invite you to visit First South Financial today where your financial future begins!

Member Eligibility

Becoming a member of First South Financial is like joining a welcoming family where everyone supports one another on their financial journeys. If you're in the Memphis area and want to take advantage of our services, you'll find that eligibility is straightforward and inclusive. We invite individuals who live, work, or worship in the community to join us. It's our way of fostering a close-knit environment where everyone can benefit from personalized banking solutions. To learn more about the specific eligibility criteria, feel free to visit this page. Opening an account with us is also simple! Whether you're looking for a checking or savings account, our friendly team is ready to assist you every step of the way. If you have any questions or need guidance, don't hesitate to call us at (901) 595-3366. We're excited to help you become part of our community at First South Financial, located at 262 Danny Thomas Pl Memphis Tn 38105!

Business Banking & Commercial Services

Commercial Loans

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 your payment processing. Imagine seamlessly accepting payments from customers using various methods credit cards, mobile payments, and more all while enjoying competitive rates. This means faster transactions and happier customers, giving you more time to focus on what you do best: running your business. Join us at First South Financial, located at 262 Danny Thomas Pl Memphis Tn 38105 in Memphis, TN, and discover how our business banking and commercial services can be the catalyst for your success. Reach out today at (901) 595-3366 or visit our website at https://www.firstsouth.com/ to learn more!

Comprehensive List Of Services

A Commitment to Digital Banking

At First South Financial, we embrace technology to enhance your banking experience. Our online and mobile banking features allow you to manage your accounts with ease. You can even send money directly to friends or family using our person-to-person payment service making everyday transactions quick and hassle-free. We invite you to visit us at 262 Danny Thomas Pl Memphis Tn 38105 in Memphis, TN, or call us at (901) 595-3366 to learn more about how our comprehensive suite of services can benefit you. Whether you're managing personal finances or looking for solutions for your business, we're committed to helping you achieve financial success!

Business Banking Solutions

Entrepreneurs will find valuable resources within our business banking services. From merchant services that streamline payment processing to tailored business loans, we understand that running a business comes with its own set of challenges. Our team is here to assist you in making informed financial decisions that help grow your business.

Convenient Access to Your Funds

In today's fast-paced world, having access to cash when you need it is crucial. That's why we offer comprehensive ATM services throughout our network, allowing for easy cash withdrawals and balance checks whenever necessary. With one ATM conveniently located at our branch, accessing your money has never been easier.

Personal Banking Services

Managing your finances should be easy and convenient. That's why at First South Financial, we provide various personal banking services. Our checking and savings accounts allow you to manage your day-to-day expenses while also saving for future goals. Imagine having the flexibility to access your money through our user-friendly online and mobile banking platforms. You can check balances, transfer funds, or pay bills from anywhere with just a few taps on your smartphone. If you're considering purchasing a vehicle, our auto loans and vehicle financing options make it simple and straightforward. With competitive rates and flexible terms, you can drive away in your dream car without the stress of complicated financing. Additionally, if homeownership is on your mind, explore our mortgage loans and refinancing services that cater to your unique financial situation. For those unexpected expenses or consolidating debt, our personal loans can provide the support you need. We believe that everyone deserves access to credit cards that reward their spending habits; that's why we offer credit cards with rewards tailored just for you.

Digital & Online Banking

Key Services

Our online banking services let you view your account balances, transfer funds, and pay bills with just a few clicks. If you're on the go, our mobile application makes it simple to manage your accounts right from your smartphone. Whether you're making everyday purchases or planning for the future, our mobile payments feature adds an extra layer of convenience to your transactions. For those who prefer electronic statements, we provide e-statements that give you quick access to your account history without the clutter of paper. Plus, with person-to-person transfers, sending money to friends or family is hassle-free no need for cash or checks!

Security You Can Trust

We take your security seriously. While we don't currently support electronic signature authorization, rest assured that our systems are equipped with robust security measures to protect your personal information. You can feel confident knowing that your banking is safe and secure. With all these features at your fingertips, managing your finances has never been more accessible or user-friendly. Join us at First South Financial and experience how our digital banking services can simplify your financial life!

Financial Strength

Commitment to Growth and Innovation

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

Growing Member Base

Total Share and Deposit Accounts stand at 105,267, showing a strong and growing member base that trusts us with their finances. The funds available for lending and investments (Net Shares) amount to $122,442, further reinforcing our ability to meet your needs effectively. 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 262 Danny Thomas Pl Memphis Tn 38105 or call (901) 595-3366 to learn more about how we can help you achieve your financial goals.

Member-Focused Savings Options

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

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 128 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $237,033,751, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $3,071 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

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're interested in financing a brand-new vehicle or a reliable used option, we have flexible terms that make it easier for you to drive away happy.

Business Loans

For business owners, our outstanding commercial loans totaling $3,937,254 provide the capital needed to grow and expand your business. Whether it's purchasing inventory or investing in new equipment, we're here to support your entrepreneurial journey. At First South Financial, we believe in empowering our members with the right financial tools. If you're interested in exploring refinancing options or checking your eligibility for any of our loan products, don't hesitate to reach out. You can contact us at (901) 595-3366 or visit us at 262 Danny Thomas Pl Memphis Tn 38105, Memphis, TN. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step toward achieving your financial dreams!

Credit Lines and Credit Cards

If you're looking for additional flexibility, our total credit lines amounting to $129,762,648 can provide the support you need for various expenses. Plus, 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. This means you can enjoy peace of mind knowing you have access to funds when you need them most.

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 provide tailored solutions to fit your unique situation and help you find the right path toward owning your dream home.

Loan Aggregator

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