PALMETTO FIRST

PO BOX 3989
Florence, SC 29502

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 24491
Date Established 1953
Assets $40.36 million
Loans $27.27 million
Deposits $33.37 million
Capital $6.85 million

Palmetto First is an NCUA insured institution located in Florence, SC. It was founded in 1953 and has approximately $40.36 millions in assets.

Deposit Rates - September 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.30% $2,500 $9,999 Learn MoreShow Less
Money Market
0.40% $10,000 $24,999 Learn MoreShow Less
Money Market
0.50% $25,000 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $1,000 - Learn MoreShow Less
12 Mo CD
0.50% $1,000 - Learn MoreShow Less
18 Mo CD
0.60% $1,000 - Learn MoreShow Less
24 Mo CD
0.70% $1,000 - Learn MoreShow Less
36 Mo CD
0.80% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.30% $500 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 $4,999 Learn MoreShow Less

Loan Rates - September 18, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for PALMETTO FIRST

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.538% 3.500% 0.50 $1,175 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to PALMETTO FIRST
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Branches

Below are Palmetto First branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Palmetto First Locations


Financial Details

Palmetto First Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Palmetto First. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Palmetto First U.S. Average
10.62% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, Palmetto First had $659,708 in non-current loans and $113,587 in owned assets. To cover these potential losses it had $6,845,660 in net worth and $435,103 in loans loss reserves. That gives it a Texas Ratio of 10.62%.

Net Worth
Palmetto First U.S. Average
16.96% 13.47%

Palmetto First FCU has a net worth of 16.96% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Palmetto First

Branches and Savings

What is Palmetto First?

A federal credit union, registered with the NCUA under certificate #24491.
Learn more about credit unions here.

Is Palmetto First FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Palmetto First?

Please see Field of Membership information above for information on who is eligible to join.

What are Palmetto First's share account and share certificate rates?

Palmetto First's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Palmetto First?

Palmetto First has total capital of $6.85 million. Full information on Palmetto First's financial position is located above.

Who owns Palmetto First?

Credit Unions are owned by their members.

Where are Palmetto First branches located?

See branch locations nearby.

Are Palmetto First ATMs Open 24/7?

Do Palmetto First ATMs accept cash deposits?

Can Palmetto First customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Palmetto First have a mobile app?

Does Palmetto First have mobile deposit?

Does Palmetto First have quick pay?

How can Palmetto First transfer money to other banks or credit unions?

Does Palmetto First report to credit bureaus?

Does Palmetto First use Chexsystems?

Does Palmetto First use Equifax?

What is Palmetto First's toll free phone number?

What is Palmetto First's ACH Routing Number?

What is Palmetto First's SWIFT code?

Where can I find Palmetto First's wire transfer form?

What is the Palmetto First address for deposits?

What Products Does Palmetto First Offer

Does Palmetto First offer mortgages?

Compare mortgage rates here.

Does Palmetto First offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Palmetto First offer auto and RV loans?

Compare auto loan rates here.

Does Palmetto First offer student loans or personal loans?

Compare personal loan rates here.

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