Palmetto First
Palmetto First is a credit union based in Florence, South Carolina, established in 1953, with $64 million in total assets serving 6,501 members. By Trust Grade it ranks 12th of 46 credit unions we track in South Carolina. Its net worth ratio of 20.8% is stronger than 80% of similarly sized credit unions, versus a South Carolina median of 13.2%. It was profitable over the most recent period, with a 1.90% return on assets. No consumer complaints against Palmetto First appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Palmetto First compares to South Carolina peers
How we graded Palmetto First
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (20.8% capital ratio)
- Strongly profitable (ROA 1.90%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Palmetto First over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Palmetto First insured?
Yes. Palmetto First is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Palmetto First: frequently asked questions
Is Palmetto First a good credit union?
Palmetto First earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (20.8% capital ratio); Strongly profitable (ROA 1.90%).
Is Palmetto First NCUA-insured?
Yes. Palmetto First is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Palmetto First?
Palmetto First holds $64 million in total assets, ranking 12th of 46 credit unions we track in South Carolina. It serves 6,501 members.
Does Palmetto First have CFPB complaints?
No CFPB complaints against Palmetto First appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
