Palace City Federal Credit Union was chartered in June of 1959. Current membership is at 1670. Our total Assets are $5.6 million.

All Credit Unions have limited membership. Palace City Federal Credit Union has closed membership and serves all those who work at Avera Queen of Peace, all Mitchell clinics, Toshiba, the City, State, and Federal Government Employees and their immediate family members. Once a member, always a member.

Credit Unions are not-for-profit, member owned, democratically controlled financial cooperatives. When you deposit your money into a Credit Union, you become a member, not a customer. Credit Unions exist solely to meet your financial needs, not to make a profit. In fact, after all expenses are paid, we return our profit to our members in the form of lower loan rates, higher savings rates, and little to no cost services.