Overview
What is First South Financial Credit Union?
First South Financial Credit Union, located in Bartlett, Tennessee, is a state-chartered credit union and cooperative dedicated to promoting savings, thrift, and loans for its members. The institution serves its community by offering a comprehensive range of financial services, catering to all their financial needs. The credit union boasts a team of 197 employees.
Official website here: www.firstsouth.com
Is First South Financial Credit Union legitimate?
First South Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First South Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,295,536
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,515,577
For more financial information, click here
Official website here: www.firstsouth.com
What is the mission statement of First South Financial Credit Union?
First South Financial Credit Union is a state-chartered cooperative that encourages savings and lending among its members. The mission of this credit union is centered around the promotion of thrift and savings among its members. By offering a comprehensive suite of financial services, First South Financial Credit Union aims to cater to all the financial needs of its members. The cooperative structure of the credit union adds to its commitment to serving its community and contributing to the economic well-being of its members. The financial institution's day-to-day activities revolve around facilitating savings and providing loans, thereby promoting financial stability and independence for its members.
Official website here: www.firstsouth.com
Who is the CEO of First South Financial Credit Union?
W Craig Esrael is the Principal Officer of First South Financial Credit Union. The CEO's salary of First South Financial Credit Union is $1,160,653 and their total compensation is $1,175,903.
Official website here: www.firstsouth.com
What is the revenue of First South Financial Credit Union?
First South Financial Credit Union's revenue in 2022 was $40,066,306.
Official website here: www.firstsouth.com
Who are the executives of First South Financial Credit Union and what are their salaries?
The average compensation at First South Financial Credit Union during 2022 was $54,879. There are 197 employees and 7 volunteers at First South Financial Credit Union.
Here are 15 key members and their salaries (First South Financial Credit Union's CEO's salary is $1,160,653 and their total compensation is $1,175,903):
- Compensation: $1,160,653
- Related: $0
- Other: $15,250
- Compensation: $214,843
- Related: $0
- Other: $11,272
- Compensation: $214,843
- Related: $0
- Other: $10,779
- Compensation: $214,843
- Related: $0
- Other: $10,530
- Compensation: $142,118
- Related: $0
- Other: $0
- Compensation: $124,132
- Related: $0
- Other: $0
- Compensation: $112,174
- Related: $0
- Other: $0
- Compensation: $111,930
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.firstsouth.com
Where can I find the form 990 for First South Financial Credit Union?
First South Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstsouth.com
Learn more at the official website: www.firstsouth.com
Mission Statement of First South Financial Credit Union
First South Financial Credit Union, a state-chartered co-operative, is dedicated to encouraging thrift, savings, and loans among its members. In simple terms, this credit union aims to help its members manage their finances effectively by offering various financial services. The organization operates based on a co-operative business model, allowing it to serve its members' diverse financial needs.
First South Financial Credit Union's mission is geared towards promoting savings and providing affordable loans to its members. By doing so, it assists individuals in achieving their financial goals and improving their overall financial well-being. The credit union's suite of financial services caters to the various requirements of its members, ensuring they have access to the resources they need to effectively manage their money.
This commitment to promoting thrift, savings, and loans for its members extends beyond the basics. First South Financial Credit Union offers a comprehensive range of financial products and services, allowing members to save, borrow, and invest with confidence. With this approach, the credit union empowers its members to take control of their financial futures and build a strong financial foundation for themselves and their families.
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Impact
October, 2024
First South Financial Credit Union significantly impacts its community by promoting thrift, savings, and access to loans for its members. Located in Bartlett, TN, the credit union provides a comprehensive suite of financial services tailored to meet the diverse needs of its membership. This cooperative model fosters a sense of community, encouraging responsible financial practices and empowering individuals to achieve their personal finance goals. By prioritizing the financial well-being of its members, First South Financial Credit Union contributes to the overall economic health of the region, enhancing the quality of life for families and individuals within the community.
This information is meant to be a general summary of First South Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,880,487
- Program Service Revenue: $13,496,515
- Gross Receipts: $40,066,306
Assets and Liabilities:
- Total Assets: $795,631,441
- Total Liabilities: $580,918,857
- Net Assets: $214,712,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan interest
Revenue
$13,496,515
Organization Details
Founding Year
1957
Phone
(901) 340-7400Principal Officer
W Craig Esrael
Main Address
2723 SUMMER OAKS DRIVE, BARTLETT, TN, 38134
Website
www.firstsouth.comNTEE Category
Code: W60 - Public benefit
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