# PALMETTO TRUST
COLUMBIA, SC · NCUA charter 9084 · asset band <$50M · latest filing 2018-06 · stopped filing after 2018-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/palmetto-trust-9084

Who the members are: federal charter, multiple common bond, organized 1953. 2,229 members of 4,700 potential (47.4% of the field); checking penetration 43% (share draft accounts per 100 members); loans per 100 members 63.

**Verdict on the desk:** this could be *ordinary*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $17.7M |
| Members | 2,229 (-2.1% YoY) |
| Full-time staff | 7 |
| Net worth | $1.4M |
| Net worth ratio | 7.8% (p9 of band) |
| ROA (annualized) | -0.69% (p10 of band) |
| Total delinquency | 2.96% (p85 of band) |
| Net charge-offs (annualized) | 0.51% (p70 of band) |
| Loans / shares | 53% (p44 of band) |
| Cash / assets | 19.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.51% (p64 of band) |
| Operating expense / assets | 4.40% (p76 of band) |
| Vehicles % of loans | 49% (p42 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 2.35% (p84 of band) |
| Vehicle NCO | 0.00% (p28 of band) |
| Repossessed % of vehicle book | 0.00% (p45 of band) |
| Real estate % of loans | 1% |
| Credit cards % of loans | 26% |
| Unsecured % of loans | 45% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 12% |
| Average share balance | $4,679 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 63% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $6,162 |
| Loans granted, annualized | $4.1M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **losing money** (`earn_negative`)
- **delinquency 2x band** (`aq_dq_high`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, delinquency 2x band |  |
| 2016-06 | 3 | losing money |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 5 | members leaving |  |
| 2017-06 | 4 |  | losing money |
| 2017-09 | 4 | losing money | net worth falling |
| 2017-12 | 3 |  | members leaving |
| 2018-03 | 4 | assets shrinking |  |
| 2018-06 | 4 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2019-12-18 [Turbine Federal Credit Union announces merger with Self-Help Credit Union - upstate business journal](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQMF9Qbzk0c04xbzNLTE1WUTJxVGR3dS1HS1NnY2o3SGJ0R0lTSElEcThRSUxCVEQ3c3Q1WVNQalAtVnlOaXFaSm9xRk9DbmRsM0t3UXBlU3k0dDUxU0VWdHpYbW9ycDhNOUJrRm5EUEdBc3VfSFRyZ3Q4eGxCVURNT0pyTmMyNlZaT3FSU2VlWVVidjE3clZiVDBSRmhLWE9mTGRNZVVuMFBLQkNUbHRFRVFadXFrMmZreURXUmxwY0k?oc=5) · upstate business journal
- 2026-01-14 [Obituary for Patricia M. Days - Bostick Tompkins Funeral Home](https://news.google.com/rss/articles/CBMiakFVX3lxTE85ZGhpSTFHcHNVeVd6dXJSVkU2cTF0SHBTeVM4a19QdkhsRW9YazhJRmJhQWp5dy1YckV3TDdqc1N3SGp2Y0Q4UU95R2VWUTZvVlFySXVTZ2ZGSEd4QkR5QjR2ZkRsTFo4M0E?oc=5) · Bostick Tompkins Funeral Home
- 2024-12-04 [Mary Ellen Bishop Obituary - Columbia, SC - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxOaE9xSHpSSmR3YmtnTnpHMFlQb18zLTFpTjBfenNrMFpwa0pkRmh4TFRXOFdMeHptcW1lQVdxWGppWGhuZFBJWndmZG1nakhvUGNEVlUtVE9iTklEdjZHaUFIY2pEcC02dWZjX2N3OEZUN3d4OHZVbHVESENzaFpGM01TQ05KbFRX?oc=5) · Dignity Memorial
- 2026-01-14 [Patricia M. Days Obituary (2026) - West Columbia, SC - Bostick-Tompkins Funeral Home - Columbia - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxPeEZHSml6UWNkTHQ2TGMyY3BTRlJtM2lMelBfMFBBTW1lb282MHRlTWhONmZINGY3UEZqSEN2aXpXNl8xQUF2MklreDcwXzJwTVByZExKZnRxdlNCaUc2SFBfMjV0bTVVckRlMGZ4YnU1a1hlRWNhMTRVVXZkdmNHQktR?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9084 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/60.json (key "9084", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=9084
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide