Palmetto Citizens Federal Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
47th25.7% deniedPricingmedian rate spread over APOR, weight 30%
75th-0.34 ptsProcesswithdrawn + incomplete share, weight 15%
37th14.7%Closing coststotal loan costs ÷ loan amount, weight 10%
13th5.15% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,255 | 860 | 18.3% | 20.5% | 7.75% | $82M |
| 2024 | 978 | 565 | 25.8% | 30.1% | 7.50% | $65M |
| 2025 | 1,106 | 700 | 21.9% | 25.7% | 6.50% | $114M |
What Palmetto Citizens Federal Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 670 home-equity lines, 0 reverse mortgages, 21 manufactured homes, 8 investment properties.
Why Palmetto Citizens Federal Credit Union denies applications
Primary reason reported for each of the 242 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Palmetto Citizens Federal Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 163 | 81 | 41.7% |
| $50k – $100k | 434 | 256 | 28.5% |
| $100k – $150k | 281 | 199 | 17.4% |
| $150k – $250k | 154 | 124 | 10.1% |
| Over $250k | 45 | 32 | 23.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 20 | 12 | 29.4% |
| 25–34 | 148 | 97 | 19.8% |
| 35–44 | 231 | 158 | 24.8% |
| 45–54 | 240 | 157 | 24.4% |
| 55–64 | 244 | 140 | 28.9% |
| 65–74 | 145 | 84 | 29.4% |
| Over 74 | 78 | 52 | 25.7% |
Where Palmetto Citizens Federal Credit Union lends
4 states and 37 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Carolina | 1,099 | 700 | 21.7% | 6.50% | #55 |
| North Carolina | 5 | 0 | 60.0% | — | #739 |
Frequently asked questions
Palmetto Citizens Federal Credit Union denied 25.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 47th percentile of home-equity (HELOC) lenders.
The most common reason Palmetto Citizens Federal Credit Union gave in 2025 was "debt-to-income ratio", cited on 33.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Palmetto Citizens Federal Credit Union originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.34 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 19% of its applications were for home purchases, 49% for refinancing (including cash-out), and 33% for home improvement or other purposes. By loan type: 98% conventional, 2% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.