First South Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620579508 ✦ Bartlett, TN ✦ Designated as a 501(c)(14)

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 not tax deductible.

Here 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):

    Dr W Craig Esrael (President/Ceo)
  • Compensation: $1,160,653
  • Related: $0
  • Other: $15,250

    • Tammy Craig (Chief Information Officer)
  • Compensation: $214,843
  • Related: $0
  • Other: $11,272

    • Summers Townsend (Chief Operating Officer)
  • Compensation: $214,843
  • Related: $0
  • Other: $10,779

    • W Paul Pennebaker (Chief Financial Officer)
  • Compensation: $214,843
  • Related: $0
  • Other: $10,530

    • Jodi Hill (Contoller)
  • Compensation: $142,118
  • Related: $0
  • Other: $0

    • Ian Johnson (Svp Tech And Innovation)
  • Compensation: $124,132
  • Related: $0
  • Other: $0

    • Delynn Byars (Senior Vice President)
  • Compensation: $112,174
  • Related: $0
  • Other: $0

    • Tanner Stambaugh (Svp)
  • Compensation: $111,930
  • Related: $0
  • Other: $0

    • John Bills (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Blume (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Dean Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eugene Douglass (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gaylon Hall (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Kamery (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deb Ross (Board Member) [Trustee/Director]
  • 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?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    First South Financial Credit Union plays a vital role in promoting thrift, savings, and access to loans for its members. By providing a full suite of financial services, this credit union in Bartlett, TN helps meet the diverse financial needs of individuals and families in the community. Their focus on cooperative principles and member-centric approach contributes to the financial well-being of their members, fostering economic stability and growth at a local level. Through their efforts, First South Financial Credit Union has a direct impact on the financial health and empowerment of its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    W Craig Esrael

    Main Address

    2723 SUMMER OAKS DRIVE, BARTLETT, TN, 38134

    NTEE Category

    Code: W60 - Public benefit

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