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News You Can Use

first South Financial OPENS 17th banking center in Nashville, tennessee

We are pleased to announce that our 17th banking center is now open in Nashville, Tennessee. The branch is located at 1211 51st Avenue North, Nashville, TN 37209

Stay tuned for updates and grand opening specials!

Does a home equity line of credit (HELOC) make sense for you?

A home equity line of credit, or HELOC, is where you borrow using equity in your home as collateral. The lender sets a borrowing limit, and you can choose to borrow as much of that as you want for an agreed upon period of time. It's similar to a credit card in that you withdraw money as you need it.

But don't confuse a home equity line of credit with a home equity loan. A home equity loan is where the lender gives you one lump sum and you make the same payment every month until the loan is paid off.

Read more.

9 reasons to love credit unions (and not big banks)

Credit unions exist to serve their members. What big bank can say that?

While out and about, you may have passed by the local credit union without looking twice. You have no need for their services, right? Well, at least that's what you thought.

Are you aware of how credit unions operate and what they entail? If so, you may be inclined to open an account at one close to you or even switch from your bank.

What exactly is a credit union and why is it better? Click here to find out.

credit unions come out on top

What's the best place to bank in America?

Based on a recent study, one could reasonably argue it's a credit union.

"Credit unions are among the highest-rated services we've ever evaluated, with 93% of their customers highly satisfied, on average, versus 69% for the four biggest national banks," stated the reporting agency.

Read more.

5 Ways Good Credit is your safety net

A healthy savings account is your best defense against life's curve balls. But sometimes setting aside some money every paycheck isn't enough - particularly when you're just starting out in life. 

A good credit score can be an additional safety net, providing you access to low-interest credit options that can help cover any expenses your emergency savings can't.

Here are your options.

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