PALMETTO FIRST Credit Union Profile

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PALMETTO FIRST

Charter #24491 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (843) 669-5619

Fax: (843) 669-6931

Founding Date: N/A

Website: http://www.palmettofirst.com

Personnel & Operations

President: ROACH, KATHRYN

Manager: BURR, ANGELA

FT Employees: 14

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 2

Hours: Drive Thru: Monday - Thursday 8:30-5:00

Credit Union Profile Summary

PALMETTO FIRST is a FCU Credit Union. With a total of 6,388 members [1], this institution manages approximately $62,149,947 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 19.87% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 2.72% [1].

Financial Snapshot

Total Assets [1]
$62,149,947

Total economic resources.

Total Loans [1]
$38,694,656

Total value of outstanding loans.

Total Deposits [1]
$49,661,988

Total funds deposited by members.

Members [1]
6,388

Number of active members.

Performance Ratios

Net Worth Ratio [1]
19.87%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.88%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
77.92%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 6.93%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 2.72%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 1.75%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

1722 Gregg Ave

Florence, SC, 29501
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by PALMETTO FIRST (Charter #24491).

Main Office

Palmetto First FCU Main Office

Type: Corporate Office

1722 Gregg Ave

Florence, SC 29501

Phone: (843) 669-5619

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Florence

Palmetto First FCU - Branch

Type: Branch Office

108 Pamplico Hwy

Florence, SC 29505

Phone: (843) 664-0935

Services: Member Services, ATM, Drive-Thru

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