Membership Charter

The National Credit Union Administration has approved membership qualifications of various Select Employee Groups for Palmetto Trust Federal Credit Union. Please check at either office for an up-to-date list.

How Do I Become A Member?

Anyone eligible for membership may join Palmetto Trust FCU by completing an application for membership, paying the $5 membership fee and depositing an initial deposit of $10 or more. Upon reaching a par share value of $25 (you have six months after the initial deposit to reach this goal) you become a qualified shareholder in the credit union and are entitled to the wide range of services offered. Our membership policy is "Once a member, always a member." If you should terminate your employment with your current employer you may still remain a member of your credit union. Your membership may be continued for life as long as your account remains active and you keep the minimum in your prime share account. Membership is a family affair: spouses, children, parents, grandchildren, grandparents, siblings, and any legally recognized step-relations, adoption relations or legal guardianships may join.

Your Rights as a Member...

Members may vote and hold office, as well as use the many savings and loan services of the credit union. Each member has one vote at the meetings of membership, regardless of account balances. Your membership may be continued for life as long as your account remains active.

How we protect your funds...

Deposits per member are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. Individual Retirement Accounts (IRAs) are separately insured per member to at least $250,000 by the NCUA. Deposits maintained in different accounts are combined to reach the maximums. Please read the pamphlet "Your Insured Funds" by the National Credit Union Administration for full details of this insurance.