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 110th largest credit union in the nation. It was established in 1961 and as of June of 2020, it had grown to 719 employees and 225,821 members at 33 locations. Founders Federal Credit Union 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

Great - Better Than A Bank

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Love these guys. Their online and apps could use work, but I love their products. Great people as well.

Excellent Service!

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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!

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 loyalty 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!

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 - YTD0.76%
Return on Equity - YTD6.01%
Annual Interest Income$66.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.96B$2.49B
LoansQ2 2020vs Q2 2019$2.32B$2.10B
DepositsQ2 2020vs Q2 2019$2.45B$2.07B
Equity CapitalQ2 2020vs Q2 2019$361.2MM$338.3MM
Loan Loss AllowanceQ2 2020vs Q2 2019$27.7MM$23.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$9.6MM$9.3MM
Real Estate OwnedQ2 2020vs Q2 2019$205.00K$529.00K
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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

4.85%--Loyalty Select
0.50%$500-Variable Rate IRA
0.15%--Christmas Club

Founders Federal Credit Union Money Market Rates

0.45%*$50k*-Money Market Plus
OTHER TIERS: 0.25% $1k - $25k | 0.35% $25k - $50k

Founders Federal Credit Union Checking Account Rates

0.00%--Checking Account

Founders Federal Credit Union CD Rates

1.76%$500-84 Month Loyalty Share Certificate
1.51%$500-84 Month Share Certificate
1.26%$500-60 Month Share Certificate
1.00%$500-36 Month Share Certificate
1.00%$500-48 Month Share Certificate
0.75%$500-12 Month Share Certificate
0.75%$500-24 Month Share Certificate
0.75%$50-12 Month Youth Certificate
0.50%$500-6 Month Share Certificate

Founders Federal Credit Union IRA Rates

1.76%$500-84 Month Loyalty IRA
1.51%$500-84 Month IRA
1.26%$500-60 Month IRA
1.00%$500-36 Month IRA
1.00%$500-48 Month IRA
0.75%$500-12 Month IRA
0.75%$500-24 Month IRA


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