Founders Federal Credit Union is headquartered in Lancaster and is the largest credit union in the state of South Carolina. It is also the 88th largest credit union in the nation. It was established in 1961 and as of December of 2023, it had grown to 807 employees and 262,059 members at 41 locations. Founders Federal Credit Union's money market rates are 6X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Founders Federal Credit Union is open to those who live, work, attend school or worship in Chester, Chesterfield, Laurens, or Union Counties in South Carolina, the towns of Wellford or Duncan, South Carolina, and select census tracts in Spartanburg, Cherokee, or York. Membership is also open to employees or retirees of International Paper (Laurens, SC) and over 200 Select Employer Groups.
See current membership details
Related Posts
1/8 - Founders Federal Credit Union (SC) Offers Rate-Leading 24-Month IRA CD
3/3 - Founders CD Rates Plummet Hard. 7 Year CD: 5.09% -> 3.03%
2/14 - 20 Million Given Back To Depositors on 2/13/23
2/7 - Check Out These New Certificate Rates and Longer Terms Too!
11/20/19 - Founders Federal Credit Union (SC) 84-Month CD Earns Up To 4.58% APY
1/10/19 - Just Ended The 4.16% Rate On IRA 01/08/19
11/15/18 - Founders Federal Credit Union (SC) 60-Month CD APY Leaps Up
11/13/18 - 5 Yr Share Certificate @ 4.06 APY
5/9/18 - Founders FCU's (SC/NC) 60-Month CD Soars
12/23/15 - Founders FCU Bumps Up Rate On 60-Month CD
1/16/15 - Founders FCU Offers Competitive Rate 60-month CD and IRA
8/18/14 - Founders Federal CU attractive CD rates On 3,4 And 5 year terms, also 5Yr IRA CD
11/11/11 - Credit Union Pays Members A Bonus Dividend
3/28/11 - Top 4-Year CD and IRA CD Rates at Founders Federal Credit Union in SC/NC - Local Only
12/8/09 - 4.06% 48-Month CD & 3.29% 36-Month CD at Founders FCU in SC/NC - Local Only
9/12/07 - 5.61% 13-Month CD at a Carolina CU (Founders)
8/27/06 - 6.14% 13-Month / 6.14% 48-Month CD at a Carolina CU (Founders)
6/2/06 - 5.61% 9-Month CD at a South Carolina CU
2/5/06 - 6.40% 60-Month Variable CD at a South Carolina CU
Excellent Credit Union
Have been a member of Founders for over 30 years.
Always excellent service and the best rates.
Highly recommend.
Awesome Credit Union
I find the star-ratings and comments mind blowing as my experiences with my local Founders and telephone reps -- through 16+years -- have all been so positive.
Excellent Service!
I've had an account with Founders for more than a decade. I appreciate the promotional CD offers, the Loyalty Dividend, and the high yield Loyalty account. My questions are always answered professionally and promptly whether by phone or secure e-mail. Their online banking is always easy to use and accurate. I hope to open more accounts with Founders!
Small town bank, great service!
Founders Federal Credit Union is a small bank based in South Carolina, that has a few locations outside of South Carolina. They have great customer service, and unlike some smaller banks, they do an awesome job with their mobile banking, it is easy to use, and lets you do a lot of things like transfer money, view your mortgage, set up automatic bill payments, etc. I currently am enrolled in their savings, checking, and money marketing accounts. Also when I purchased a foreclosure, they were the only bank in the area that was willing to work with me and gave me a loan fairly hassle free. Founders has multiple atm's and offices located around my town, so it their is always once conveniently close by, no matter what part of town I'm in. I am quite pleased banking at my small local bank.
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24063 |
| Year Chartered | 1961 |
| Employees | 807 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.34% |
| Return on Equity - YTD | 11.23% |
| Annual Interest Income | $242.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $4.54B$4.02B |
| Loans | Q4 2023vs Q4 2022 | $3.61B$3.29B |
| Deposits | Q4 2023vs Q4 2022 | $3.73B$3.45B |
| Equity Capital | Q4 2023vs Q4 2022 | $525.4MM$485.2MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $57.7MM$24.4MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $23.8MM$14.3MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $206K$104K |
