Question 1

What is Pee Dee Federal Credit Union (Pee Dee FCU)?

Accepted Answer

Pee Dee Federal Credit Union (Pee Dee FCU) is a community-focused federal credit union headquartered in Florence, South Carolina. With approximately $41.9 million in assets and serving over 4,600 members, the credit union operates as a member-owned, not-for-profit financial cooperative. Pee Dee FCU holds a low-income designation from the NCUA, reflecting its commitment to serving underserved communities in the Pee Dee region of South Carolina.

The credit union operates with a multiple common bond charter, primarily serving educational institutions and their employees, though membership has expanded to include broader community groups.

Question 2

When was Pee Dee Federal Credit Union (Pee Dee FCU) founded?

Accepted Answer

Pee Dee Federal Credit Union was chartered on October 8, 1976. The credit union was established to provide accessible financial services to members of educational institutions and related organizations in the Florence area.

Over nearly five decades, Pee Dee FCU has grown from its educational roots to serve a wider membership base while maintaining its community-focused mission and commitment to financial inclusion.

Question 3

Where is Pee Dee Federal Credit Union (Pee Dee FCU) headquartered?

Accepted Answer

Pee Dee Federal Credit Union is headquartered at 305 West Pine Street, Florence, South Carolina 29501. The main office operates with lobby hours from 9:00 AM to 5:00 PM and drive-thru hours from 8:30 AM to 5:30 PM Monday through Friday.

Members can reach the credit union by phone at (843) 669-0461 or via email at info@pdfcu.org.

Question 4

Where does Pee Dee Federal Credit Union (Pee Dee FCU) operate?

Accepted Answer

Pee Dee Federal Credit Union primarily serves the Florence, South Carolina area and the surrounding Pee Dee region. The credit union operates a single branch location at its headquarters on West Pine Street in Florence.

As a federal credit union with a multiple common bond charter, membership is available to employees of eligible educational institutions, their family members, and individuals affiliated with partner organizations in the region.

Question 5

What services does Pee Dee Federal Credit Union (Pee Dee FCU) offer?

Accepted Answer

Pee Dee Federal Credit Union provides a comprehensive range of financial services designed to meet member needs:

Deposit Accounts: Share accounts (savings), share draft accounts (checking), business share accounts, share certificates with low minimum balance requirements, money market accounts, and individual retirement accounts (IRAs).

Lending Products: Real estate loans and mortgages, home equity loans, auto loans, personal loans (secured and unsecured), share secured loans, risk-based lending, overdraft lines of credit, and short-term small amount loans. The credit union offers special programs including military exclusives, no down payment options, and first-time homebuyer assistance.

Credit Cards: Share secured credit cards and traditional credit card products with VISA purchase alerts and account access features.

Digital Banking Services: PDFCU MoneyLine 24 mobile app available for iPhone and Android with features including biometric login (fingerprint and facial recognition), Snap Deposit for mobile check deposits, account transfers, bill payment, e-statements, and 24/7 account access. Online banking provides comprehensive account management, transaction history, and secure messaging.

Additional Services: No-cost bill payment service, financial counseling and education, ATM/debit card programs with no-surcharge ATM access, check cashing, money orders, prepaid debit cards, insurance and investment sales, and student scholarship programs.

Question 6

What makes Pee Dee Federal Credit Union (Pee Dee FCU) unique?

Accepted Answer

Low-Income Designation and Community Focus: Pee Dee FCU holds an NCUA low-income designation, demonstrating its dedication to serving economically underserved communities. The credit union actively works to provide accessible financial services to all income levels in the Florence area.

No-Cost Member Benefits: The credit union distinguishes itself by offering no-cost share draft accounts (checking) and no-cost bill payment services, reducing financial barriers for members.

Financial Education Commitment: Pee Dee FCU emphasizes member financial literacy through one-on-one financial counseling, educational resources, and community outreach programs designed to empower members with sound financial management skills.

Strong Financial Performance: With a net worth ratio of 23.58% and return on average assets of 1.08%, the credit union maintains strong capitalization while serving its members effectively. The credit union has demonstrated robust growth with loans increasing over 16% year-over-year.

Community-Centered Service: Operating from a single location with extended drive-thru hours, Pee Dee FCU maintains personal relationships with members through accessible, face-to-face service combined with modern digital banking conveniences.

Question 7

What type of financial institution is Pee Dee Federal Credit Union (Pee Dee FCU)?

Accepted Answer

Pee Dee Federal Credit Union is a federal credit union chartered under federal law and regulated by the National Credit Union Administration (NCUA). All member deposits are federally insured by the NCUA up to $250,000.

As a federal credit union, Pee Dee FCU operates as a not-for-profit financial cooperative owned by its members. The credit union was organized with a multiple common bond charter, primarily educational, originally serving employees of educational institutions in the Florence area.

Membership is available to employees of eligible educational organizations, their immediate family members (including parents, grandparents, siblings, and children), and individuals affiliated with partner organizations. Under the "once a member, always a member" principle, members who qualify can maintain their membership even if they change employers or move outside the service area.

Pee Dee Federal Credit Union (Pee Dee FCU)

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About Pee Dee Federal Credit Union (Pee Dee FCU) in the United States