Palmetto Citizens Federal Credit Union is headquartered in Columbia and is the 8th largest credit union in the state of South Carolina. It is also the 361st largest credit union in the nation. It was established in 1936 and as of March of 2024, it had grown to 294 employees and 83,398 members at 15 locations. Palmetto Citizens Federal Credit Union has a B+ health rating.
Membership in Palmetto Citizens Federal Credit Union is open to those who live, work, worship, or attend school in Calhoun, Fairfield, Kershaw, Lexington, Newberry, Orangeburg, Richland, or Saluda Counties in South Carolina. Immediate family of membership-eligible individuals also qualify. Businesses and non-profits, legal entities and churches operating in the area are also eligible for membership.
See current membership details
Overall | |
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NCUA # | 1472 |
Year Chartered | 1936 |
Employees | 294 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1% |
Return on Equity - YTD | 8.87% |
Annual Interest Income | $13.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2024vs Q1 2023 | $1.3B$1.32B |
Loans | Q1 2024vs Q1 2023 | $758.9MM$725.8MM |
Deposits | Q1 2024vs Q1 2023 | $1.05B$1.08B |
Equity Capital | Q1 2024vs Q1 2023 | $145.7MM$125.7MM |
Loan Loss Allowance | Q1 2024vs Q1 2023 | $9.5MM$3MM |
Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $3.9MM$3.5MM |
Real Estate Owned | Q1 2024vs Q1 2023 | $225K$471K |
Rates for Palmetto Citizens Federal Credit Union are currently being reviewed.