Sep, 30, 2025 — PALMETTO CITIZENS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBIA, SC with 16 branch locations and about $1.42 billion in total assets. Opened 90 years ago in 1936, PALMETTO CITIZENS FEDERAL CREDIT UNION has about 85,933 members and employs 301 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PALMETTO CITIZENS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1320 Washington St COLUMBIA, SC 29201-3382 |
| Phone: | (803) 779-1232 |
| Fax: | (803) 376-2674 |
| Website: | https://www.palmettocitizens.org |
| Branches: | 16 branch locations |
| Members: | 85,933 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1472 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,421,857,031 |
| CEO/Manager: | Robert Dozier |
| Chairperson: | Steve Hamm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 175,653,750 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,823,271 |
| Real Estate Loans | 452,892,469 |
| Unsecured Loans | 111,442,722 |
| Other Loans | 249,313,703 |
| TOTAL LOANS | 815,173,402 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,406,823 |
| Land And Building | 34,895,788 |
| Other Fixed Assets | 5,926,112 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,355,557 |
| All Other Assets | 163,691 |
| TOTAL ASSETS | 1,421,857,031 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 387,035 |
| Notes & Interest Payable | 81,690,000 |
| Accounts Payable & Other Liabilities | 24,598,050 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 291,637,050 |
| Regular shares | 281,391,456 |
| All Other Shares & Deposits | 556,322,580 |
| TOTAL SHARES & DEPOSITS | 1,129,351,086 |
| TOTAL LIABILITIES | 1,236,077,074 |
| Regular Reserve | 0 |
| Other Reserves | 928,835 |
| Undivided Earnings | 184,851,122 |
| TOTAL EQUITY | 185,779,957 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,421,857,031 |
| INCOME & EXPENSE | |
| Loan Income | 39,578,656 |
| Investment Income | 13,746,850 |
| Other Income | 11,027,198 |
| Total Employee Compensation & Benefits | 20,423,481 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 18,638,696 |
| Non-operating Income & (Expense) | -117,855 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,630,805 |
| Cost of Funds | 13,180,907 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,140,958 |
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