First South Financial Federal Credit Union
Bartlett, TN 38134 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $41,196,500 | $27,789,023 | $0 |
| FY2023 | $53,656,539 | $39,651,139 | $208,741,472 |
| FY2022 | $40,066,306 | $29,046,406 | $214,712,584 |
| FY2021 | $36,735,546 | $26,012,713 | $203,692,684 |
| FY2020 | $38,081,368 | $27,900,993 | $192,969,851 |
| FY2019 | $41,554,746 | $27,985,961 | $182,789,476 |
| FY2018 | $37,759,027 | $25,628,143 | $169,220,691 |
| FY2017 | $33,283,670 | $22,331,496 | $157,089,807 |
| FY2016 | $30,405,458 | $20,270,932 | $146,137,633 |
| FY2015 | $27,698,587 | $19,346,004 | $136,003,107 |
| FY2014 | $27,637,714 | $18,737,083 | $127,650,524 |
| FY2013 | $28,530,056 | $20,122,997 | $118,749,893 |
| FY2012 | $28,376,830 | $19,665,447 | $110,342,834 |
| FY2011 | $28,149,017 | $19,086,486 | $101,631,452 |
Form 990 filings
The returns filed by First South Financial Federal Credit Union (EIN 62-0579508), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $16,642,932 | 40% |
| Other revenue | $24,553,568 | 60% |
What the numbers show
- Other revenue made up 60% of total revenue in FY2024.
- Net assets covered about 0 months of expenses at the end of the reporting year.
- Total revenue rose from $28,149,017 in FY2011 to $41,196,500 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- The highest revenue on record here is $53,656,539 in FY2023.
- Net assets declined from $101,631,452 to $0 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as an organization described in section 170(c) other than a public charity or private foundation.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
FIRST SOUTH FINANCIAL CREDIT UNION IS A STATE CHARTERED CREDIT UNION AND CO-OPERATIVE THAT PROMOTES THRIFT, SAVINGS, AND LOANS TO ITS MEMBERS.
IRS status
| Ruling year | 2024 |
| Subsection | 501(c)(1) |
| Donations | Listed in the IRS Publication 78 data as an organization described in section 170(c) other than a public charity or private foundation. |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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