Founders Federal Credit Union

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 102nd largest credit union in the nation. It was established in 1961 and as of June of 2023, it had grown to 790 employees and 256,931 members at 42 locations. Founders Federal Credit Union's money market rates are 6X 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

Founders CD Rates Plummet Hard. 7 Year CD: 5.09% -> 3.03% - 3/3/2023

20 Million Given Back To Depositors on 2/13/23 - 2/14/2023

Founders FCU just gave back 20 million to savers and believe me it was HUGE(percentage terms), especially if you had significant assets on deposit all of 2022.Their sever crashed due to so much activity on 2/13...everyone including myself was surprised, was unbelievable! Look at their long term CD rates (84 month for example) and next year you just might be surprised and a little richer as well.

Check Out These New Certificate Rates and Longer Terms Too! - 2/7/2023

Pretty nice if you're eligible to join. Maybe it will force some other FI's to think about being more competitive??? Dividend Rate Annual Percentage Yield 12 Month Certificate 3.50% 3.55% 24 Month Certificate 3.75% 3.80% 36 Month Certificate 4.00% 4.06% 48 Month Certificate 4.25% 4.32% 60 Month Certificate 4.75% 4.84% 84 Month Certificate1,2 5.00% 5.09% 84 Month Loyalty Certificate1,3 5.25% 5.35% Youth Certificate – 12 Months 3.50% 3.55% Dividend Rate Annual Percentage Yield 12 Month IRA 3.75% 3.80% 24 Month IRA 4.00% 4.06% 36 Month IRA 4.25% 4.32% 48 Month IRA 4.50% 4.58% 60 Month IRA 5.00% 5.09% 84 Month IRA1,2 5.25% 5.35% 84 Month Loyalty IRA1,3 5.50% 5.61%

View all posts from:

Excellent Credit Union

Posted by: |

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!

Posted by: |

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.



Health Grade Components

NCUA #24063
Year Chartered1961
Primary Regulator
Profit Margin
Return on Assets - YTD1.67%
Return on Equity - YTD13.98%
Annual Interest Income$113.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$4.20B$3.91B
LoansQ2 2023vs Q2 2022$3.47B$3.03B
DepositsQ2 2023vs Q2 2022$3.60B$3.38B
Equity CapitalQ2 2023vs Q2 2022$498.7MM$473.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$21.8MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$15.2MM$10.7MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Skip to rates for:
Report an Issue

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

4.07%--Loyalty Select
1.00%$500-Variable Rate IRA
0.25%--Christmas Club

Founders Federal Credit Union Money Market Rates

2.53%*$100k*-Money Market Plus
OTHER TIERS: 1.76% $1k - $50k | 2.02% $50k - $100k

Founders Federal Credit Union CD Rates

5.46%$500-36 Month Share Certificate
5.09%$500-24 Month Share Certificate
4.84%$500-12 Month Share Certificate
4.06%$50-12 Month Youth Certificate
3.80%$500-48 Month Share Certificate
3.55%$500-60 Month Share Certificate
3.29%$500-84 Month Loyalty Share Certificate
3.03%$500-84 Month Share Certificate

Founders Federal Credit Union IRA Rates

5.72%$500-36 Month IRA
5.35%$500-24 Month IRA
5.09%$500-12 Month IRA
4.06%$500-48 Month IRA
3.80%$500-60 Month IRA
3.55%$500-84 Month Loyalty IRA
3.29%$500-84 Month IRA


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.