Let Us Help You Get Financially Fit in 2021 - Palmetto Citizens ...
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®
January 2021
Let Us Help You Get Financially Fit in 2021
Make a resolution to take better control of
your finances this year. As a Palmetto Citizens
member, you have free access to many
solutions to manage your money and help you
save. Contact us today to learn more.
Voted Best
Our online and mobile account access can
Credit Union 13 help you monitor transactions, make transfers,
Years in a Row! manage your text/email alerts, deposit checks,
pay bills and many other tools to help you
Thank you to everyone who manage your finances.
voted us Best Credit Union in
the Best of The State annual poll. We also provide free access to GreenPath, a Your credit union also offers a variety of
financial counseling service. You can call them savings solutions to build an emergency savings
We’re honored to receive this
confidentially at 877-337-3399 to discuss any account or reach a particular goal. In addition,
recognition for the thirteenth
personal financial topic including budgeting, we have several loan options with low rates
straight year, and to also be voted
credit management and more. and convenient terms.
Best Financial Services!
We know you have many choices of income or receive your contract value in one
for your financial service needs lump sum payment. A deferred fixed annuity
and sincerely appreciate you also offers:
choosing Palmetto Citizens. As
Looking for Security?
always, we promise to remain • Safety of principal.
dedicated to helping you achieve
Consider a Fixed Annuity.
• Competitive interest rate guarantees.
your financial goals by offering Are you looking for ways to help reduce • Tax deferred earnings growth.
better rates and fewer fees, along your current tax liability, set aside funds for • Guaranteed lifetime income options.
with the most beneficial products retirement or diversify your portfolio with • Protection for your heirs and the ability to
and a high level of local, guarantees? Then a fixed annuity may be a bypass probate.
personalized service. solution to consider.
A fixed annuity can be an effective way to
At Palmetto Citizens, we are A deferred fixed annuity is a contract offered accumulate dollars for retirement and provide
committed to the credit union by an insurance company where you make a income guaranteed for life. Before purchasing
philosophy of “working for lump sum payment, or series of payments, and an annuity, it’s important to review the contract
people, not for profits.” the insurance company guarantees the safety of for fees, charges and other important features.
Unlike other financial your principal and pays you interest. Earnings
institutions, Palmetto Citizens accumulate tax deferred, so you don’t pay For more information about adding a fixed
exists solely to serve our income taxes until you make withdrawals. annuity to your portfolio, please call
members’ financial needs, not 803-376-2807 to schedule a no-cost,
profit from them. When retirement rolls around, you can convert no-obligation consultation with an advisor.
your nest egg into a guaranteed lifetime stream
Thank you again to all our All guarantees are based on the claims-paying ability of the issuer. If you are considering purchasing an annuity as an IRA or other tax-qualified plan, you should consider benefits other than tax deferral since those plans already provide tax-deferred status.
Withdrawals may be subject to surrender charges during the early years of the contract. Withdrawals before age 59½ may be subject to a 10% federal tax penalty. Representatives are registered, securities are sold, and investment advisory services offered through
member-owners. CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and insurance products are not federally insured, involve
investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. FR-2841111.1-1119-1221
President’s benefits from our wide range of
valuable financial products, plus we
offer access to a huge base of financial
planning, home-ownership, college
funding and avoiding identity fraud
-- just to name a few. Our seminars
MESSAGE tools, education resources and staff
assistance to help members better
continue to be both well attended and
well received. We continue assisting
achieve financial success. area high schools with financial
education, with thousands of young
The free financial tools and calculators people being aided each year. Through
available through our website are GreenPath we offer a no-cost financial
very popular with members. Plus, counseling service with certified
our home and mobile banking counselors to help members -- with all
services with robust financial costs paid by Palmetto Citizens as a
tools, including personal financial member service.
management systems, and a large
Nick Wodogaza array of alerts to help each member We grow with an objective to better
President and
better track important financial assist members, and throughout
CEO
transactions, automate transfers, and Palmetto Citizens we want to make a
receive reminders of upcoming loan difference in the lives of others. Our
commitments. staff members continue to develop their
A
abilities to assist members with financial
s a member-owner of Palmetto As the masthead of this newsletter solutions tailored to your unique needs.
Citizens, you are part of a recognizes, we exist to help each
unique organization as our member achieve their financial As the people of Palmetto Citizens
goal is to help all members achieve potential. We are proud to be People truly are our greatest asset, we remain
greater financial success to enhance Helping People working to be the fortunate to have again been named
their lives. best place for our members to achieve one of the Best Places to Work in SC
their financial objectives. Despite by the SC Chamber of Commerce and
Even during this pandemic, a being in the middle of a pandemic, SC Biz. Additionally, we appreciate
new year brings many new year we continue to see many consumers the recognitions as a Best Credit Union
resolutions—including new financial joining Palmetto Citizens, with almost in area surveys. I truly value the great
resolutions. As being a wise steward two-thirds being referrals by existing commitment of my associates who want
of your finances is very important, members. Our cooperative spirit gives to make Palmetto Citizens a great place
we offer many options to enhance us the mission to adapt to members’ to work while striving to assist our
your financial practices—whether changing financial needs, strengthen members better than anyone else.
saving, budgeting, borrowing, or better their financial practices and aid the
monitoring your finances. communities in which we live. As I close, I would like to take this
opportunity on behalf of our officials
During this challenging year, we have Being offered virtually, our member and the entire credit union team to
worked to best assist each member finance seminars offer financial “thank you” for your continued support
based upon their unique financial skills training on a variety of topics, and offer best wishes for this New Year.
needs. We recognize each member including budgeting, retirement
Preventing Fraud: Keeping You Informed
Take Control with Free Credit Reports
The information on your credit report directly impacts your ability to obtain a credit card,
buy a car or home, rent an apartment or even get a job. In addition, you should review your
credit report on a regular basis for accuracy and for protection against fraud or identity theft.
Under federal law, you can receive a free credit report from each of the consumer reporting
agencies (Equifax, Experian and TransUnion) every 12 months. The only authorized source
to obtain a free report is www.annualcreditreport.com (or call 1-877-322-8228).
To ensure you’re aware of the information on your report, it is wise to periodically check
your report. Some consumers elect to get a report from one of the three credit bureaus every
four months, providing a staggered look at their credit status.
Since opening our doors over 84 years ago as Columbia Teachers FCU, we have upheld a promise to be
a community-oriented leader in the Midlands. Our roots can be traced back to those true champions –
teachers – who helped us, our children and our children’s children realize their potential. That tradition
of stability, fortitude and value has continued as the credit union evolved into a strong provider of
financial products and services based on what people need and value most.
Supporting Our Local Food Bank
Thank you to all our members and staff who showed their support for
Harvest Hope Food Bank during our annual donation drive. As a longtime
supporter of Harvest Hope, we partnered with WACH FOX 57 as the main
sponsor of this annual food drive for the eleventh year.
With the generosity of so many of you, in addition to donations from our
staff and a corporate donation, we were able to present Harvest Hope with
$35,210. Since every $1 donated can distribute five meals, our total donation
provided 176,050 meals for families in need during the holiday season.
In total, the Share Your Holiday drive provided over 1.5 MILLION
MEALS! As Harvest Hope has seen a huge increase in need for their
PCFCU President Nick Wodogaza presenting our donation live on air with WACH FOX 57.
services since the pandemic began, we sincerely appreciate all our members
and staff, as well as other local businesses and donors who helped make this possible.
Palmetto Citizens Higher Education Scholarship Program
At Palmetto Citizens, we’re committed to giving back to our members and community, beyond just providing low-cost
financial services. This is why we’re excited to announce we’ve partnered with the Carolinas Credit Union Foundation to
award TWENTY individual members with a $1,000 Palmetto Citizens Scholarship!
Applications will be accepted online through February 1, 2021. To be eligible, the
applicant must:
• Have their own Palmetto Citizens membership in good standing (membership and
primary savings account (S1) must be under their own Social Security Number).
• Be either a high school senior accepted on a full-time basis to an accredited
university, college or community/technical college or be a full-time college student
enrolled in at least 12 semester hours.
Students can learn more and access the online application portal by visiting www.palmettocitizens.org/scholarship.
Applications will be evaluated, and scholarships will be awarded, by the Carolinas Credit Union Foundation’s Scholarship Selection Committee. As a cooperative, Palmetto Citizens Federal Credit Union is a philanthropic partner to the
*
Carolinas Credit Union Foundation.
$15,000 Donated to Local Breast Centers
In honor of Breast Cancer Awareness Month, we made donations in October to help support the breast centers at Prisma Health and
Lexington Medical Center. Through a corporate donation and the generosity of our staff, we
were proud to be able to present a check for $7,500 to both the Prisma Health Foundation and
the Lexington Medical Center Foundation.
As a longtime supporter of breast cancer awareness, we are honored to support such great
organizations and appreciate all they do for patients and their families in our community.
For more information on any of our community involvement efforts, visit
palmettocitizens.org/community or call 803-376-2675.
Learning to Achieve: Youth Financial Corner DIRECTORY
Member Service Line
Youth Accounts: Teen Accounts: (803) 732-5000; (800) 435-5626
Teach Good Reloadable TellerLine
(803) 256-4073; (800) 521-4497
Savings Habits Debit Cards Online/Mobile Access
Children who learn to save regularly are more If your teen isn’t quite ready for a checking www.palmettocitizens.org
likely to continue the routine in adulthood. The account, they can open a Palmetto Citizens
earlier they learn to save, the more they’ll have reloadable debit card. This is a great tool to
when they want a car or are off to college. teach responsible money management before Service Centers
opening their first checking account. Blythewood
In addition to our Youth Savings Account, 312 Blythewood Rd.
These debit cards can be purchased by any Bush River
another great tool to help them save, and make 500 Bush River Rd.
their money grow, is a Youth Add-To Certificate. member age 13 or older for $3.95. They can be Camden
This 12-month term certificate can be started used anywhere Visa® is accepted and reloaded 2100 W. Dekalb St.
with as little as $100 and any additional deposits at our offices or anytime online using a Palmetto Clemson Road
2651 Clemson Rd.
can be made throughout the term. Citizens savings or checking account. Downtown
1320 Washington St.
This special certificate can be opened for any $1.75 monthly maintenance fee is deducted Forest Acres
member with a Youth Savings Account. Visit from the card’s balance and $0.50 when the 2200 North Beltline Blvd.
Garners Ferry
one of our offices today to open any Youth card is reloaded. Other fees and conditions 7655 Garners Ferry Rd.
Account or for more information. may apply. Contact us for more information. Irmo
7816 Broad River Rd.
Visit the Youth & Teen section of our website for more information. Youth Accounts are available for Lexington
ages 12 and under and Teen Accounts are available for ages 13-17. 919 North Lake Dr.
Millwood
3122 Millwood Ave.
Northeast
Virtual Annual Meeting 114 Atrium Way
Red Bank
1835 South Lake Dr.
Our 84th Annual Meeting will be a bit different this year. While we wish we could see everyone in Stadium
person, we’ve made the decision to hold this meeting virtually to keep our members and staff safe. 1000 Shop Road
West Columbia
2120 Sunset Blvd.
Members can view the Annual Meeting beginning on Thursday, February 18th at 5:00pm by
visiting www.palmettocitizens.org/annualmeeting to hear about the accomplishments and Trust & Investments
financial status of their credit union. Please visit our website or contact us for more information. (803) 376-2807
Mortgage Services
Election of Officials (803) 376-5016
Small Business Loans
The Nominating Committee Report included in your 10/2020 statement mailing announced the (803) 251-4554
nomination of two candidates for the Board of Directors. With no petition candidates, Don Horton
and Vicki Boylston were elected by proclamation. Visa / ATM / Debit Cards
(803) 376-8068
Our elected officials are members who volunteer their time to ensure the credit union fulfills its key
Visa Voice Response
purposes, and receive no monetary compensation. The Board sets the general direction of the credit (800) 808-7217
union, ensuring adherence to federal and state laws, government regulations and our bylaws.
Report Lost / Stolen Cards
Visa - (800) 991-4961
Member Notice: Since the pandemic began, we’ve waived a variety of fees to help those dealing Debit - (800) 991-4965
with financial hardships. Beginning in January 2021, our Late Loan Payment Fee, Skip a Payment ATM - (803) 376-2800
Fee, Business and Non-Member Coin Counter Fee and Early Certificate Withdrawal Fee will be
reinstated. However, if you’re experiencing any financial difficulties and need assistance with your Mailing Address
loan payments, or any other financial need, please contact us to find out how we can best assist you. PO Box 5846
Columbia, SC 29250-5846
Palmetto Citizens will be closed Monday, January 18th
in observance of Martin Luther King Jr. Day.
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