Credit union · NCUA insured
Palmetto First Federal Credit Union
A $63.8M credit union headquartered in Florence, SC, with 6,501 members and 2 branches in South Carolina. Best rates: CDs 1.60% and savings 0.60% APY.
Palmetto First Federal Credit Union Carrot Score
63
Carrot Score
Higher than 10% of U.S. banks and credit unions
#13 of 15 in Florence, SC metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Palmetto First Federal Credit Union
Established in November 1953 as Florence ACL Employees Federal Credit Union, Palmetto First Federal Credit Union is headquartered in Florence, South Carolina.
Originally organized by railroad employees to pool funds for co-workers and families, the financial cooperative provides each member an equal share of ownership.
- Headquarters
- 1722 Gregg Ave, Florence, SC 29501
- NCUA charter
- 24491
Branches
2 branches in South Carolina
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South Carolina
2 branches
- Palmetto First FCUMain office1722 Gregg Ave, Florence, SC 29501Directions
- Palmetto First FCU - Branch108 Pamplico Hwy, Florence, SC 29505Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 21.01% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.89% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.70% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $85 | $59 | — |
- CapitalNet worth ratio21.01%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.89%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.70%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$85Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Palmetto First Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.