Finally, a checking account that works together with your debit card, online banking, and mobile app to help you manage your spending and save more money. You’ll also have access to over 30,000 ATMS nationwide.


Stuff happens. Cars will break, medical bills will come in and money will be needed. Instead of swiping your credit card, we’ll help you start a savings account that will help you set aside a few bucks every month to prepare for the unexpected. We also offer special savings accounts to set aside money for Christmas, summer vacation, and retirement.


Time for a new car? Need a small loan to cover unexpected bills? Take comfort in knowing that when you borrow from Palmetto First, you’re borrowing from a financial cooperative. How’s that different from a bank? We’re not owned by fat cats on Wall Street. Each member (that’s you!) has an equal share of ownership in the credit union. We can make loans at lower rates because we don’t have to turn a profit to pay for private jets and champagne parties.

Save. Spend. Borrow. Join now!
Saving money starts by choosing Palmetto First.

Our Story

In November 1953 a group of railroad employees decided it was time to take a stand. Several friends and family members had been denied access to credit and other banking services for various reasons. This group of railroad employees had heard about the credit union movement. It was a movement that allowed a small group of people to pool funds together to loan out to co-workers, friends, and family who were not receiving fair treatment at their local bank. Seventy years ago, the first credit union in Florence County was formed as Florence ACL Employees Federal Credit Union, known today as Palmetto First Federal Credit Union.

Though many things have changed since that chilly fall day in 1953, the reason for the existence of the credit union remains the same. We understand that many consumers are denied access to products and services at traditional banks, or have been taken advantage of by predatory lenders. Our credit union exists today to continue to provide our friends and family in Florence County with access to safe, affordable banking products and services that will enhance the lives of those we serve.

We’re proud that thousands of Florence County residents have stories to tell about how Palmetto First has been a part of their life story over the past six decades. Each story is unique, but one thing is the same for each person:

Financial hope. And it all started with Palmetto First.

Palmetto First FCU is the longest standing Florence credit union, established in November 1953. The following railroad employees formally organized Florence ACL Employees Credit Union:

Founding Members

J. W. Mathews
W. Melvin Kirven
W. Q. Parker
A. D. Jenson
Roger C. Jordan
D. D. McRae
William D. Weeks, Jr.
J. R. Temple
John M. Butler
R. A. Myers

Founding Officers

J.C. DeVane, President
W.Q. Parker, Vice President
C.J. Cutter, Clerk, Treasurer


You are now leaving Palmetto First Federal Credit Union

Palmetto First Federal Credit Union provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Palmetto First Federal Credit Union, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL