Palace City
Palace City is a credit union based in Mitchell, South Dakota, established in 1959, with $16 million in total assets serving 1,562 members. By Trust Grade it ranks 27th of 33 credit unions we track in South Dakota. Its net worth ratio of 9.8% trails most similarly sized credit unions (16th percentile), versus a South Dakota median of 10.5%. It was profitable over the most recent period, with a 0.22% return on assets. No consumer complaints against Palace City appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Palace City compares to South Dakota peers
How we graded Palace City
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.8% capital ratio)
- Profitable (ROA 0.22%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Palace City over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Palace City insured?
Yes. Palace City 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.
Palace City: frequently asked questions
Is Palace City a good credit union?
Palace City earns a Bankzia Trust Grade of B (84/100, "Strong"), based on a financial-strength score of 84/100 (it has no CFPB complaints on record). Well-capitalized (9.8% capital ratio); Profitable (ROA 0.22%).
Is Palace City NCUA-insured?
Yes. Palace City 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 Palace City?
Palace City holds $16 million in total assets, ranking 27th of 33 credit unions we track in South Dakota. It serves 1,562 members.
Does Palace City have CFPB complaints?
No CFPB complaints against Palace City 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.
