First South Financial Federal Credit Union
Bartlett, TN·Charter 24963·cu:24963·CCULR opted in
- #11 of 125Total assets in Tennessee
- 72.2Kmembers
- Top 3%Efficiency vs. peers
- Top 3%Return on assets in the U.S.
- Top 4%Fee income vs. peers
Performance over time
7 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
Credit union · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at First South Financial Federal Credit Union
2 of 24 FORFI signals stand out against 569 similar credit unions, based on NCUA data for the quarter.
Net interest margin narrowing while the peer median widensWorth a look: Earnings 2nd quarter3.89%peers 3.67%+23 bps
First South Financial Federal Credit Union's net interest margin on average assets fell 47 bps over the past year to 3.89%. Among 561 similar credit unions, the median rose 13 bps.
| This institution | Peer median | Difference |
|---|---|---|
| Net interest margin on average assets | ||
| 3.89% | 3.67% | +23 bps |
| 12-month change | ||
| -47 bps | +13 bps | -59 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. First South Financial Federal Credit Union itself is left out of every peer median and percentile. How signals work
Fee and other noninterest income among the highest of similar credit unionsStrength: Earnings 2nd quarter2.79%peers 1.17%+162 bps
First South Financial Federal Credit Union's noninterest income relative to average assets was 2.79%, compared with a median of 1.17% among 566 similar credit unions: higher than 96% of them.
| This institution | Peer median | Difference |
|---|---|---|
| Noninterest income relative to average assets | ||
| 2.79% | 1.17% | +162 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. First South Financial Federal Credit Union itself is left out of every peer median and percentile. How signals work
Where First South Financial Federal Credit Union differs most from peers
Net worth ratio among the highest of similar credit unionsContext: Capital30.23%peers 11.03%+19.2 pp
First South Financial Federal Credit Union's net worth ratio was 30.23%, compared with a median of 11.03% among 569 similar credit unions: the highest of them.
| This institution | Peer median | Difference |
|---|---|---|
| Net worth ratio | ||
| 30.23% | 11.03% | +19.2 pp |
Not a flagged change: this is where the institution sits furthest from similar institutions this quarter. Peers: 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. First South Financial Federal Credit Union itself is left out of every peer median and percentile. How signals work
Key facts
- First South Financial Federal Credit Union is a federally chartered credit union headquartered in Bartlett, Tennessee. It reported $845 million in total assets for the quarter ended June 30, 2026.
- Shares and deposits totaled $576 million, up 4.4% from a year earlier, and loans totaled $478 million, down 4.2%.
- Its net interest margin on average assets was 3.89% and its annualized return on assets was 2.12% for the quarter.
- Its cost of all shares and deposits was 1.16%, compared with a median of 1.45% among 566 similar credit unions with $300 million to $1 billion in assets.
- It served 72,208 members, up 0.6% from a year earlier.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With First South Financial Federal Credit Union's own data, FORFI would look at: Which relationships and products drive the change in earnings, and where pricing has drifted.
Analysis workspaces
Sources and identifiers
- Institution
- First South Financial Federal Credit Union · Credit union
- NCUA charter
- 24963
- Reporting period
- Peer group
- 569 credit unions with $300 million to $1 billion in assets that filed NCUA data for the same quarter. First South Financial Federal Credit Union itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
NCUA · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation |
|---|---|
| $4.44M | |
| $9.8M | |
| $1.65M | |
| $8.15M | |
| $5.84M | |
| $7.37M | |
| $1.98M | |
| $2.18M | |
| 2.12% | |
| 3.89% | |
| 52.68% |
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-16T13:43:41.229347+00:00. Separate reference provenance is included in the export.