Featured Savings Rates
Featured Accounts

Palmetto First Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.35%1-year CD1 Year Share Certificate
0.15%SavingsPrime Shares
0.70%3-year CD3 Years Share Certificate

Overview / Commentary
843-669-5619
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 2,638th largest credit union in the nation. It was established in 1953 and as of September of 2016, it had grown to 13 employees and 5,792 members at 2 locations. Palmetto First Federal Credit Union 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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Health
B+
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

Overall
NCUA #24491
Year Chartered1953
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD4.27%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$37.8MM$36.1MM
LoansQ3 2016vs Q3 2015$21.7MM$22.5MM
DepositsQ3 2016vs Q3 2015$32.3MM$30.8MM
Equity CapitalQ3 2016vs Q3 2015$5.4MM$5.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$376.00K$350.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$249.00K$428.00K
Real Estate OwnedQ3 2016vs Q3 2015$153.00K$56.00K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$5k*-IRA Share
OTHER TIERS: 0.30% $500 - $5k
0.50%*$5k*-HSA Club
OTHER TIERS: 0.30% $500 - $5k
0.30%*$10k*-Jumbo Shares
OTHER TIERS: 0.20% $2,500 - $10k
0.25%*$5k*-Vacation Club
OTHER TIERS: 0.05% Up to $500 | 0.15% $500 - $5k
0.25%*$5k*-Santa Savings
OTHER TIERS: 0.05% Up to $500 | 0.15% $500 - $5k
0.15%*$5k*-Prime Shares
OTHER TIERS: 0.05% Up to $500 | 0.10% $500 - $5k

Palmetto First Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Money Market Checking Account
OTHER TIERS: 0.10% $2,500 - $10k | 0.20% $10k - $25k

Palmetto First Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$1k-3 Years Share Certificate
0.50%$1k-2 Years Share Certificate
0.45%$1k-18 Months Share Certificate
0.35%$1k-1 Year Share Certificate
0.25%$1k-6 Month Share Certificate

Palmetto First Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$1k-3 Years IRA Share Certificate
0.60%$1k-2 Years IRA Share Certificate
0.50%$1k-18 Month IRA Certificate
0.40%$1k-1 Year IRA Share Certificate
0.30%$1k-6 Month IRA Share Certificate
Locations


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