Federal credit union · Florence, South Carolina · NCUA charter #24491
Palmetto First
Health score 76/100, grade B (Very Good) - from the NCUA 5300 Call Report, 2025Q4.
- 76
- Health / 100
- $61.5M
- Total assets
- 6,438
- Members
- 20.8%
- Net-worth ratio
Palmetto First scores 76/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $61.5M; members 6,438; net-worth ratio 20.75%; health rank #3,145 of 4,374; healthier than 26th of scored peers.
NCUA Call Report stamp band
NCUA 5300 Call Report Masthead
#3,145 of 4,374 health · 2025Q4Palmetto First · health 76/100 · $61.5M · 2025Q4
- RANK 76/100
- PHOTO 20.8%
- BOOK 2.45%
- CHARTER 1.78%
- NCUSIF $61.5M
- CAMELS 6,438
- HEALTH #3,145/4,374
- NW C C S E
- DELQ 24491
Call Report peers
Palmetto First in the assets neighbourhood
Palmetto First's $61.5M assets sit next to C C S E ($61.5M) on the assets neighbourhood; peer NAMES stay, and the masthead VALUES are this credit union's Call Report.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Palmetto First vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
76 26th percentile higher than 26% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
Palmetto First - Share Insurance Coverage
Composite supervisory bracket and risk-based capital, read from the 2025Q4 NCUA Call Report for charter #24491. See our deposit-insurance coverage note.
Peer-gap read for Palmetto First
- Loan-to-Share Ratio leads the peer set - 84.37% here, 62.60% peer average (+21.77 pp).
- Delinquency Rate trails the peer set - 2.45% here, 0.96% peer average (+1.49 pp).
Peer averages are NCUA 5300 means for the $50M–$100M cohort (584 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
Palmetto First: in-state Call Report ranks
- South Carolina health ordinal: #36 of 46.
- South Carolina assets place: #30 of 46.
- South Carolina membership ordinal: #28 of 46.
In-state ordinals use the live credit_unions table for SC only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
Quarter path for Palmetto First
Palmetto First: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved +3.7% from $61.5M (2025Q4) to $63.8M (2026Q1).
- Net-worth ratio shifted -0.28 pp (21.03% → 20.75%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
20.75% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
How the 76/100 score is built
Each segment is a pillar's weighted contribution to the composite; widths sum to 76.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 9.7 pts
- Return on Assets 15.0 pts
- Member Growth 6.6 pts
- Loan-to-Share Ratio 14.7 pts
Palmetto First vs peer ratios
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 20.75% | +7.13 pp |
| Delinquency Rate | 2.45% | +1.49 pp |
| Return on Assets | 1.78% | +1.12 pp |
| Member Growth | -1.33% | - |
| Loan-to-Share Ratio | 84.37% | +21.77 pp |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $50M–$100M (584 CUs).
Call Report history - Palmetto First
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $63.8M | - |
| 2025Q4 | $61.5M | 6,438 |
| 2024Q4 | $59.9M | 6,525 |
| 2023Q4 | $57.5M | 6,298 |
Credit Union Details
- Charter Number
- 24491
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $50M–$100M
- State
- South Carolina
- City
- Florence
- Data Quarter
- 2025Q4
Branch Locations (3)
The NCUA branch filing lists 3 physical offices for Palmetto First, spread across 2 cities.
| Office | City |
|---|---|
| Palmetto First FCU (Main Office) | Florence, SC |
| South Carolina National Guard Federal Credit Union | Columbia, SC |
| Palmetto First FCU - Branch | Florence, SC |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in South Carolina
More federally-insured credit unions based in South Carolina, ordered by peer group match and asset size.
Other-state peers near Palmetto First
Cross-state asset and health neighbours for Palmetto First - kept outside South Carolina; in-state CUs stay in the Nearby block.
Similar total assets
Nearest other-state credit unions with ≥$10M assets ($61.5M here).
Similar health score
Nearest other-state credit unions by five-factor health composite (76/100 here).
Using this data
- Palmetto First ranks #3,145 of 4,374 nationally on financial health and #36 of 46 in SC -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Neighbors United is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Neighbors United
- Rates and health both vary by institution, not just by state -- see how South Carolina credit unions compare overall before assuming this one is typical. South Carolina state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
Frequently Asked Questions
Is Palmetto First financially healthy?
Palmetto First has a financial health score of 76/100 (Very Good) based on NCUA 5300 Call Report data as of Q4 2025. On the national health ranking (same basis as /rankings/healthiest), it sits at #3,145 of 4,374; by total assets it ranks #2,238 of 4,374 nationally (same basis as /rankings/largest); and #30 of 46 within South Carolina. Scores above 80 indicate excellent financial health; scores below 50 may warrant closer monitoring. Key factors include net worth ratio of 20.75% and delinquency rate of 2.45%.
How does Palmetto First compare to other credit unions?
Palmetto First scores 76/100 on PlainCU's health composite, compared to a peer group average for $50M–$100M credit unions. The score is based on five NCUA-reported metrics: net worth ratio (30%), delinquency rate (25%), return on assets (15%), member growth (15%), and loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join Palmetto First?
Palmetto First operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact Palmetto First directly for the exact boundaries and application steps.
Is my money safe at Palmetto First?
Federal credit unions like Palmetto First are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Palmetto First's net worth ratio of 20.75% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does Palmetto First offer compared to banks?
Credit unions like Palmetto First are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Palmetto First directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.