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First South President and CEO joins St. Louis Fed CDIAC

MEMPHIS, Tennessee – The Federal Reserve Bank of St. Louis recently appointed Dr. Craig Esrael, President and CEO of First South Financial Credit Union, to its Community Depository Institutions Advisory Council (CDIAC). Established by the St. Louis Fed in 2011, the 12-person advisory council is made of executives of financial institutions across the Fed’s Eighth District, which includes Bartlett. Esrael has been appointed to a three-year term ending in 2019.

Council members advise St. Louis Fed President James Bullard on the credit, banking and economic conditions facing their institutions and local communities. With 16 Mid-South banking center locations, First South is by far the largest credit union in West Tennessee based on capital.

“I am honored to serve on the CDIAC with bankers across the 8th Federal Reserve District,” said Esrael. “Joining the CDIAC provides First South with an invaluable opportunity to shape policy that benefits our members, employees and communities.”

Ranked among the strongest banking institutions for financial strength and stability in the U.S., First South has enjoyed an A+ Weiss Rating, over 20 years of Bauer 5-star ratings and the longest history of perfect 300 IDC Financial Publishing scores of all the financial institutions in Tennessee. The credit union is also ranked one of the Top 200 Healthiest Credit Unions in America by DepositAccounts, the largest and most comprehensive online consumer banking publication in the U.S.

First South Financial ranked a top 50 healthiest credit union

For the second year in a row, First South Financial Credit Union was named one of the Top 200 Healthiest Credit Unions in America by DepositAccounts.

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First South Financial becomes first tennessee credit union to offer picture pay

First South Financial Credit Union, a leading provider of financial services to Mid-South communities, recently enhanced its First South Mobile Banking app with an innovative package of mobile services - including the industry leading Picture Pay mobile bill payment solutions.

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First South Financial launches Business Services

Now the organization's tag line of "You can bank on us" doesn't apply to just consumers. Small and medium sized businesses can now use First South Financial for their business accounts and loans.

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Read the Memphis Daily News' coverage

First South Financial's CEO named 2014 Entrepreneur of the Year by Bartlett Chamber

Craig Esrael was selected as the recipient of the Entrepreneur of the Year award by the Bartlett Area Chamber of Commerce

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First South Financial uses its base to expand

Although credit unions are regarded as small institutions, First South actually ranks 6th in asset size among the 30 financial institutions based in Greater Memphis.

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Craig Esrael named 2013 CEO of the Year

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