First South ranks in top 50 among healthy credit unions

First-South-FinancialFor the second year in a row, First South Financial Credit Union, headquartered in Bartlett, ranked high in the Top 200 Healthiest Credit Unions in America.

Of 6,655 federally insured credit unions, First South ranked 48th in America and and No. 1 in Tennessee. First South has 15 Mid-South banking center locations.

The ranking was provided by DepositAccounts, the largest and most comprehensive online consumer banking publication in the U.S.

First South stood out in the primary evaluation categories, including capitalization, deposit growth and loan reserves.

“Our primary goal is to give our members the confidence and trust that comes with continued access to superior loan and deposit products,” said Craig Esrael, president and CEO of First South. “Our commitment to this goal has propelled us to the top 2 percent of financial institutions in the entire country in terms of financial strength and stability.”

First South is also ranked as one of the strongest financial institutions in Tennessee, according to independent rating agencies such as IDC Financial Publishing, Bauer Financial and Weiss Ratings. First South Financial Credit Union is a member-owned, federally insured.

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