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Founders Federal Credit Union

Popular Accounts at this Credit Union

2.27%5-year CD60 Month Share Certificate
2.37%5-year IRA60 Month IRA (Traditional, CESA, Roth)
2.02%4-year CD48 Month Share Certificate

Overview / Commentary
737 Plantation Rd
Lancaster, SC 29720

Founders Federal Credit Union is headquartered in Lancaster and is the largest credit union in the state of South Carolina. It is also the 113th largest credit union in the nation. It was established in 1961 and as of December of 2017, it had grown to 662 employees and 216,505 members at 33 locations. Founders Federal Credit Union's money market rates are 25% higher than the national average, and it has 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

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Great Credit Union if you live in York/Lancaster SC

I have been a member at Founders for nearly 20 years, and I am very happy to say that they continue to impress with their suite of products. Specifically, I am extremely impressed with their CD products. Additionally, if you have a checking and savings account (which only require a $5.00 minimum), they give you loyaltyĀ¯ dividend at the end of the year, regardless of the amount that you have in either account, which really blows me away in a time of ridiculous bank fees, they are heads and tails above any of the other banks I have looked at. Finally, even though they are a small institution, relatively speaking, they are on par technologically with the bigger banks as well, and have mobile check deposit to your checking and savings, as well as access to all of the other functions you would want via their app. Without hesitation I would highly recommend Founders Credit Union!

Great opportunities

Posted by: Sispan | Aug 22, 2014

I really love this bank. It provides excellent service. It gave me a loan when no one else would for years because I had no credit or what credit I did have was bad. Giving loans to help establish credit or repair it is wonderful.

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.

Really Poor Business Practices

Posted by: horizon | Jan 7, 2013

Ive tried doing business here a couple of times, and their policies and practices are just shady. You can't trust them to honor their obligations, just refusing to follow their agreements. Nickel and dime folks to death over nothing - their corporate behavior, lack of customer service, and overall dishonesty has turned me into a vocal and regular spokesman against banking here. Go to Family Trust or SCBT instead.



Health Grade Components

NCUA #24063
Year Chartered1961
Primary Regulator
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD4.51%
Annual Interest Income$101.7MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$2.13B$2.02B
LoansQ4 2017vs Q4 2016$1.77B$1.63B
DepositsQ4 2017vs Q4 2016$1.76B$1.65B
Equity CapitalQ4 2017vs Q4 2016$297.4MM$284.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$23.7MM$20.8MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$15.7MM$12.0MM
Real Estate OwnedQ4 2017vs Q4 2016$1.1MM$708.00K
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Always verify rates and promotions with the bank or credit union. We are not Founders Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Founders Federal Credit Union Savings Account Rates

0.80%--Variable Rate IRA
0.15%--Christmas Club

Founders Federal Credit Union Money Market Rates

0.55%*$50k*-Money Market Plus
OTHER TIERS: 0.35% $1k - $25k | 0.45% $25k - $50k

Founders Federal Credit Union Checking Account Rates

0.05%--Checking Account

Founders Federal Credit Union CD Rates

3.03%$50$3k12 Month Loyalty Advantage Certificate
2.27%$500-60 Month Share Certificate
2.02%$500-48 Month Share Certificate
1.51%$500-36 - 47 Month Share Certificate
1.10%$500-24 - 35 Month Share Certificate
0.90%$500-12 - 23 Month Share Certificate
0.90%$50-12 Month Youth Certificate
0.90%$500-One Year Special Tax Certificate
0.40%$500-6 - 11 Month Share Certificate
0.35%$500-1 - 5 Month Share Certificate

Founders Federal Credit Union IRA Rates

2.37%$500-60 Month IRA
2.12%$500-48 Month IRA
1.61%$500-36 - 47 Month IRA
1.21%$500-24 - 35 Month IRA
1.00%$500-12 - 23 Month IRA


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