Overview / Commentary
1722 Gregg Ave
Florence, SC 29501

Palmetto First Federal Credit Union is headquartered in Florence and is the 35th largest credit union in the state of South Carolina. It is also the 2,514th largest credit union in the nation. It was established in 1953 and as of June of 2018, it had grown to 13 employees and 6,110 members at 2 locations. Palmetto First Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship,volunteer or attend school in Florence County (membership requirements are listed in the credit union's online application).
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Palmetto First Federal Credit Union has a low asset base.

Health Grade Components

NCUA #24491
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD9.94%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$42.3MM$41.1MM
LoansQ2 2018vs Q2 2017$25.6MM$22.3MM
DepositsQ2 2018vs Q2 2017$36.0MM$35.3MM
Equity CapitalQ2 2018vs Q2 2017$6.2MM$5.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$412.00K$444.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$292.00K$216.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$156.00K
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Always verify rates and promotions with the bank or credit union. We are not Palmetto First Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Palmetto First Federal Credit Union Savings Account Rates

0.50%*$5k*-IRA Share
OTHER TIERS: 0.30% $500 - $5k
0.50%*$5k*-HSA Club
OTHER TIERS: 0.30% $500 - $5k
0.25%*$5k*-Prime Shares
OTHER TIERS: 0.10% Up to $500 | 0.15% $500 - $5k
0.25%*$5k*-Vacation Club/Santa Savings
OTHER TIERS: 0.10% Up to $500 | 0.15% $500 - $5k

Palmetto First Federal Credit Union Money Market Rates

0.50%*$25k*-Money Market Checking Account
OTHER TIERS: 0.30% $2.5k - $10k | 0.40% $10k - $25k

Palmetto First Federal Credit Union Checking Account Rates

0.20%*$5k*-Palmetto Checking Account
OTHER TIERS: 0.10% $500 - $5k
0.20%*$5k*-Share Draft
OTHER TIERS: 0.10% $500 - $5k

Palmetto First Federal Credit Union CD Rates

0.80%$1k-3 Year Share Certificate
0.70%$1k-2 Year Share Certificate
0.60%$1k-18 Month Share Certificate
0.50%$1k-1 Year Share Certificate
0.40%$1k-6 Month Share Certificate

Palmetto First Federal Credit Union IRA Rates

0.90%$1k-3 Year IRA Share Certificate
0.80%$1k-2 Year IRA Share Certificate
0.70%$1k-18 Month IRA Certificate
0.60%$1k-1 Year IRA Share Certificate
0.50%$1k-6 Month IRA Share Certificate

Palmetto First Federal Credit Union Locations
Branch Office108 Pamplico HwyFlorence, SC 29505
Branch Office1722 Gregg AveFlorence, SC 29501

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