Palmetto Citizens Federal Credit Union (formerly known as Columbia (SC) Teachers Federal Credit Union) is located in Columbia, South Carolina and was organized and issued a federal charter as Columbia (SC) Teachers Federal Credit Union on June 4, 1936. Ten people deposited $5.00 each to form what would become one of the country's most progressive credit unions.
Originally, the credit union served only educators in Columbia Public Schools. In later years, after the school system was divided by counties, the credit union expanded its field of membership to include the major school districts and most area private schools. Deregulation in the 1980s permitted the credit union to accept groups and organizations outside the education field, which gave even more people the benefit of credit union membership.
On March 8, 2001 the National Credit Union Administration (NCUA), an agency of the federal government that oversees all federally chartered credit unions, met and gave approval to Columbia Teachers Federal Credit Union to become a community based credit union. We were the first credit union in South Carolina to be granted a multi-county community charter. This approval meant anyone who lives, works, worships, attends school, is part of a related business or has immediate family relations in Richland, Lexington, Newberry or Fairfield counties could join our credit union. During this time, we also felt it was necessary to change our name to better represent the area we now serve. In April 2001, our name was changed to Palmetto Citizens Federal Credit Union.
Today, Palmetto Citizens is one of the South Carolina's larger credit unions, serving over 40,000 members with assets approaching $300 million. We are dedicated to providing our members quality financial products and services in a professional and efficient manner. We look forward to serving all your financial needs.
OUR MISSION : To provide members quality financial services in a manner that will be professional, efficient and safe in an atmosphere that will promote trust and good will. – less–ZoomInfo