Palmetto Citizens
Palmetto Citizens is a credit union based in Columbia, South Carolina, established in 1936, with $1.5 billion in total assets serving 86,899 members. By Trust Grade it ranks 2nd of 46 credit unions we track in South Carolina. Its net worth ratio of 13.2% is stronger than 83% of similarly sized credit unions, versus a South Carolina median of 13.2%. It was profitable over the most recent period, with a 1.33% return on assets. No consumer complaints against Palmetto Citizens appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Palmetto Citizens compares to South Carolina peers
How we graded Palmetto Citizens
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.2% capital ratio)
- Strongly profitable (ROA 1.33%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Palmetto Citizens over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Palmetto Citizens insured?
Yes. Palmetto Citizens 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 Citizens: frequently asked questions
Is Palmetto Citizens a good credit union?
Palmetto Citizens 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 (13.2% capital ratio); Strongly profitable (ROA 1.33%).
Is Palmetto Citizens NCUA-insured?
Yes. Palmetto Citizens 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 Citizens?
Palmetto Citizens holds $1.5 billion in total assets, ranking 2nd of 46 credit unions we track in South Carolina. It serves 86,899 members.
Does Palmetto Citizens have CFPB complaints?
No CFPB complaints against Palmetto Citizens 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.
