South Carolina vs Palmetto Citizens
Comparing a Credit Union in North Charlesto, SC with a Credit Union in Columbia, SC using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| South Carolina ↗ Credit Union · North Charlesto, SC · Est. 1936 | Palmetto Citizens ↗ Credit Union · Columbia, SC · Est. 1936 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Credit Union | Credit Union |
| Location | North Charlesto, SC | Columbia, SC |
| Total assets | $2.6B | $1.5B |
| Net worth ratio | 13.2% | 13.2% |
| Return on assets | 1.0% | 1.3% |
| Shares & deposits | — | — |
| Members | 156,633 | 86,899 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #1 of 46 | #2 of 46 |
| Established | 1936 | 1936 |
South Carolina
- Assets: $2.6B
- Members: 156,633
- Capital ratio: 13.2%
- Return on assets: 1.0%
- CFPB complaints: 0
- State rank: #1 of 46
Palmetto Citizens
- Assets: $1.5B
- Members: 86,899
- Capital ratio: 13.2%
- Return on assets: 1.3%
- CFPB complaints: 0
- State rank: #2 of 46
Are both institutions federally insured?
Yes. South Carolina is NCUA-insured and Palmetto Citizens is NCUA-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, South Carolina or Palmetto Citizens?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — South Carolina scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is South Carolina safe?
Yes — South Carolina is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Palmetto Citizens safe?
Yes — Palmetto Citizens is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of South Carolina vs Palmetto Citizens?
South Carolina has a net worth ratio of 13.2%, placing it in the top 17% of $1B–10B peers. Palmetto Citizens's ratio is 13.2%, placing it in the top 17% of $1B–10B peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does South Carolina have compared to Palmetto Citizens?
The CFPB database shows 0 complaints against South Carolina, and 0 complaints against Palmetto Citizens. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare South Carolina with other Credit Unions in South Carolina
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
