About Us


CPM Federal Credit Union was started in 1955 by employees of the Charleston Paper Mill. We started in an old construction shed and our mission back then was to make affordable loans to the employees of the Mill and improve their financial wellbeing.

Today, we operate 11 branches across South Carolina and proudly serve the people who live and work in those communities. We are able to meet the full range of their personal banking needs while delivering more service and value because we offer a better model than the banks. We do not have shareholders which means when we do well all the money goes back into the business. That means:

  • lower rates on loans
  • higher rates on deposits
  • lower fees and lots for free
  • more money to invest in technology
  • greater financial strength and more stars from independent rating agencies

With assets over $350 million we serve people of all ages, occupations, and income levels.

Come in and find out why over 55,000 of your neighbors have chosen CPM for better banking. Carolina People Matter!