First South Financial Memphis TN Credit Union | Quick Personal Loans & Top Checking

Introduction

Welcome to First South Financial, your trusted partner in financial growth and community support. Located at 7166 Winchester Rd, Memphis, TN 38125, our branch has been serving the local community since 1957. With over 72,145 members relying on us, we take pride in offering personalized banking solutions tailored to meet your needs. At First South Financial, we believe that banking should be more than just transactions; it's about building relationships and helping you achieve your financial goals. With total assets amounting to an impressive $758,451,250 and total deposits of $182,228,745, we are committed to providing you with the security and confidence you deserve in your financial journey. Our dedicated team of 128 employees, led by our CEO W. Craig Esrael and Board President Deb Ross, is here to assist you every step of the way. Whether you're looking for auto loans, mortgage financing, or personal banking services, we have options designed with you in mind. While members can visit us at our branch location, official correspondence should be sent to the same address: 7166 Winchester Rd, Memphis, TN 38125-2024. If you have any questions or need assistance, feel free to reach out at 901-756-6618. Join us today at First South Financial and discover how we can help you thrive financially! For more information about our services or to explore your options online, visit us at firstsouth.com. We look forward to being part of your financial success!

Branch History & Mission

Commitment to Innovation and Service

First South Financial embraces modern technology to enhance member experiences. With features like online banking, mobile payments, and an ATM available for quick access to your funds, we ensure that managing your finances is as convenient as possible. We also offer ADA-compliant facilities and drive-thru banking options to serve all of our members effectively. Our dedicated team is here to assist you during our operating hours: Monday through Thursday from 8:30 AM to 5:00 PM (Lobby), Friday until 6:00 PM (Lobby), and Saturday from 9:00 AM to 1:00 PM (Drive-Thru). If you have questions or need assistance, don't hesitate to call us at 901-756-6618.

Join Us

We invite you to become part of the First South Financial family. Experience firsthand how our commitment to service can help you achieve your financial goals while contributing positively to the Memphis community. Visit us today or explore more about what we offer by checking out our website at www.firstsouth.com. Together, let's build a brighter future!

Our Mission

Our mission is simple yet profound: to empower our members through exceptional financial services while actively supporting the community. We believe that when our members thrive, so does the community at large. That's why we prioritize not only financial growth but also community outreach initiatives that foster development and well-being throughout Memphis. While members can visit us at 7166 Winchester Rd, official correspondence should be sent to our mailing address at 7166 Winchester Rd, Memphis, TN 38125-2024. We are conveniently located near local landmarks that make visiting us easy and accessible.

Branch Location & Accessibility

Operating Hours

Our doors are open during the following hours: from 8:30 AM to 5:00 PM Monday through Thursday, and we extend our hours until 6:00 PM on Fridays for lobby access. If you need to use our drive-thru services, we're available during the same hours with added Saturday availability from 9:00 AM to 1:00 PM. We understand that life gets busy, so we strive to make banking as convenient as possible for you.

Services Offered

At First South Financial, we pride ourselves on offering a wide range of services tailored to meet your needs. From checking and savings accounts to auto loans, mortgage refinancing, and credit cards with rewards our team is equipped to assist you with all your financial goals. For those who prefer quick transactions, our drive-thru service allows for easy deposits and withdrawals without leaving your car. Additionally, we have an ATM available on-site for your convenience. Our online and mobile banking options ensure that you can manage your finances anytime, anywhere. We invite you to stop by or give us a call at 901-756-6618 if you have any questions or need assistance. Experience how easy banking can be with First South Financial!

Member Eligibility

Becoming a member of First South Financial is like joining a warm, welcoming family dedicated to your financial well-being. If you live, work, or worship in the area around our branch at 7166 Winchester Rd Memphis Tn 38125, you're likely eligible to join us! We believe that everyone deserves access to friendly service and great financial products. As a member, you'll enjoy benefits like competitive rates on loans and savings accounts, personalized service, and a community-focused approach that sets us apart. Getting started is simple! Just visit our website for more details about eligibility and how to open an account at First South Financial. If you have questions or need assistance, feel free to give us a call at (901) 756-6618. We're here to help you every step of the way! For more information on the specific eligibility criteria, check out this link.

Business Banking & Commercial Services

Business Loans for Growth

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 That Matter

In addition to loans, we offer merchant services tailored to simplify your transactions. Imagine processing payments quickly and securely while keeping track of sales effortlessly. Our solutions help you focus on what truly matters growing your business. From card processing to online payment options, we're here to make your financial transactions smooth and straightforward. If you're ready to explore how First South Financial can support your business ambitions, visit us at 7166 Winchester Rd Memphis Tn 38125 or call us at (901) 756-6618 today!

Comprehensive List Of Services

Convenience at Your Fingertips

In today's fast-paced world, having access to online and mobile banking is essential. With First South Financial, you can manage your accounts anytime, anywhere. Our user-friendly platform allows you to view balances, transfer money, and even pay bills with just a few taps on your phone. You'll also appreciate our ATM services for cash withdrawals and balance checks available at convenient locations. If you prefer visiting us in person, our drive-thru service offers a quick way to handle deposits and withdrawals without leaving your vehicle.

Join Us Today!

We invite you to explore these services and see how we can help you achieve your financial goals. At First South Financial, we prioritize member satisfaction above all else. Feel free to reach out with any questions at 901-756-6618, or visit us online at First South Financial. Let us assist you on your financial journey today!

Personal Banking Made Simple

Our personal banking services include checking and savings accounts that cater to your everyday needs. Whether you're looking to save for a vacation or manage your monthly expenses, we offer options that suit various lifestyles. You might find our auto loans and vehicle financing particularly helpful if you're in the market for a new car. With competitive rates and flexible terms, getting behind the wheel has never been easier. If homeownership is on your mind, check out our mortgage loans and refinancing options. We aim to simplify the mortgage process so you can focus on finding your dream home without the stress of complicated financing. For those unexpected expenses or opportunities, our personal loans and debt consolidation services provide quick access to funds when you need them most.

Rewards That Work for You

Don't forget about our credit cards with rewards! These cards are perfect for members who want to earn points for their everyday purchases, whether it's groceries or gas. Every swipe brings you closer to exciting rewards.

Supporting Local Businesses

For our business members, we offer tailored solutions through our business banking services, including merchant services and business loans. We believe in supporting local businesses because they strengthen our community. Our team is ready to help you navigate financing options that fit your business model.

Digital & Online Banking

Key Services Offered

Our online banking platform at https://www.firstsouth.com/ makes it easy for you to check your account balances, view recent transactions, and pay bills all in one place. If you're looking for an effortless way to keep track of your finances, our e-statements feature allows you to receive your monthly statements electronically. This not only saves paper but also helps you stay organized. With our mobile application, managing your accounts is even simpler. You can make mobile payments securely and quickly, whether you're shopping or splitting a bill with friends through our person-to-person transfer option. Plus, you'll never have to worry about missing important transactions since our 24/7 online banking services give you real-time access to your accounts.

Security & Accessibility

At First South Financial, we prioritize your security. Our platform ensures that all your information is protected while providing user-friendly navigation for everyone. Even if technology isn't your strong suit, you'll find our online services straightforward and easy to use. We believe that banking should fit into your life seamlessly. Whether you're making payments, checking balances, or transferring money between accounts, everything is just a tap away. With access available at any hour of the day or night, you'll have complete control over your finances whenever you need it. Explore all that digital and online banking has to offer at First South Financial today!

Financial Strength

A Growing Member Base

We proudly serve a growing community with 105,267 total share accounts, demonstrating the trust placed in us by our members. Our net shares available for lending stand at $122,442, highlighting our capacity to support your borrowing needs while maintaining strong fiscal responsibility. 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 7166 Winchester Rd Memphis Tn 38125 or call (901) 756-6618 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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 dedication to operational efficiency is reflected in our net income of $3,881,079, 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.

Reinvesting in Our Community

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 robust; we have provided $6,064 in used auto loans and manage a total of $525,768,490 in loans and leases to support our members' financial goals across various sectors.

Strong Financial Health

With a net worth of $237,033,751, we maintain strong financial health, allowing us to offer 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.

Loan Offering

Additional Information

If you're considering refinancing any existing loans or exploring eligibility options for our products, please don't hesitate to reach out. Our team at First South Financial is ready to assist you through every step of the application process. You can contact us at 901-756-6618 or visit our website here for more information on how we can help meet your financial needs. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We look forward to partnering with you on your financial journey!

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. We provide financing options for both new and used vehicles, ensuring that you can drive away in a car that fits your lifestyle and budget.

Business Loans

For business owners, our outstanding commercial loans totaling $3,937,254 provide the capital needed to grow and expand. Whether you need funds for inventory, equipment purchase, or operational costs, we're here to support your business endeavors.

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 believe that owning a home should be attainable for everyone, which is why we offer personalized service and clear guidance throughout the process.

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 cards are designed to provide you with purchasing power while maintaining control over your budget.

Loan Aggregator

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FIRST SOUTH FINANCIAL FEDERAL CREDIT UNION - Memphis, TN

Type of Loan Offerings

Personal Loans

Vehicle Loans

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Loan rates in Memphis, TN (38125)