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 99th largest credit union in the nation. It was established in 1961 and as of September of 2023, it had grown to 802 employees and 260,119 members at 42 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

Founders Federal Credit Union (SC) Has Rate-Leading 12-Month IRA CD - 2/3/2024

Founders Federal Credit Union (SC) has increased its 12-month IRA CD and 12-month CD rates by 52 bps Minimum opening deposit is $500, with no stated balance cap.

Founders Federal Credit Union (SC) Offers Rate-Leading 24-Month IRA CD - 1/8/2024

Founders Federal Credit Union (SC) has hiked the APYs on its 36-month IRA CD and 36-month CD to rate-leading levels. $500 minimum opening deposit.

Founders Federal Credit Union (SC) Has Rate-Leading 36-Month IRA CD - 10/24/2023

Founders Federal Credit Union (SC) has upped the APY on its 36-month IRA CD and 36-month CD to rate-leading levels. $500 minimum opening deposit.

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 - YTD1.57%
Return on Equity - YTD13%
Annual Interest Income$176MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$4.29B$3.97B
LoansQ3 2023vs Q3 2022$3.56B$3.19B
DepositsQ3 2023vs Q3 2022$3.65B$3.42B
Equity CapitalQ3 2023vs Q3 2022$511.6MM$484.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$53.6MM$23.5MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$19.6MM$12.1MM
Real Estate OwnedQ3 2023vs Q3 2022$224K$160K
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* 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%--Savings Account
0.25%--Christmas Club

Founders Federal Credit Union Money Market Rates

2.78%*$100k*-Money Market Plus
OTHER TIERS: 1.76% $1k - $50k | 2.27% $50k - $100k

Founders Federal Credit Union CD Rates

5.09%$500-12 Month Share Certificate
4.58%$500-24 Month Share Certificate
4.32%$500-36 Month Share Certificate
4.06%$500-12 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

5.35%$500-12 Month IRA
4.84%$500-24 Month IRA
4.58%$500-36 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


Charlotte Area

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