Founders Federal Credit Union
Headquarters
737 Plantation Rd
Lancaster, SC 29720
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2024 Overview
General Credit Union Information
Founders is an NCUA insured institution located in Lancaster, SC. It was founded in 1961 and has approximately $4800.17 millions in assets.
Who can join?
You are eligible if...
You live, work, worship, attend school or volunteer in a designated area.
Your company/organization/association offers membership as a benefit or you are retired from a Business Partner.
List of business partners: https://www.foundersfcu.com/Business-Partner-List.aspx
You have someone in your family or household eligible for membership.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24063 |
| Date Established | 1961 |
| Assets | $4,800.17 million |
| Loans | $3,692.79 million |
| Deposits | $3,995.17 million |
| Capital | $582.97 million |
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.
Deposit Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.26% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.26% | $100,000 | $199,999 |
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|
Loan Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Founders
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.956% | 6.875% | 0.63 | $2,642 | $2,103 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: 3029 |
Learn More | |||||
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR 10.625 % After Intro: 10.625 % |
$0 |
Learn More
More Info |
Note to Founders
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Founders branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Founders Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 344.00 | A | View Lobby Hours | |
| 348.13 | B | View Lobby Hours | |
| 349.07 | C | View Lobby Hours | |
| 350.50 | D | View Lobby Hours | |
| 350.90 | E | View Lobby Hours | |
| 351.68 | F | View Lobby Hours | |
| 351.85 | G | View Lobby Hours | |
| 355.34 | H | View Lobby Hours | |
| 358.00 | I | View Lobby Hours | |
| 358.05 | J | View Lobby Hours | |
| 359.41 | K | View Lobby Hours | |
| 360.59 | L | View Lobby Hours | |
| 360.76 | M | View Lobby Hours | |
| 361.52 | N | View Lobby Hours | |
| 361.65 | O | View Lobby Hours | |
| 363.26 | P | View Lobby Hours | |
| 363.51 | Q | View Lobby Hours | |
| 370.43 | R | View Lobby Hours | |
| 374.92 | S | View Lobby Hours | |
| 375.68 | T | View Lobby Hours | |
| 379.57 | U | View Lobby Hours | |
| 379.81 | V | View Lobby Hours | |
| 380.12 | W | View Lobby Hours | |
| 380.41 | X | View Lobby Hours | |
| 380.73 | Y | View Lobby Hours | |
| 380.83 | Z | View Lobby Hours |
Climate Policy and Initiatives
FOUNDERS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Founders Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Founders. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Founders | U.S. Average |
|---|---|
| 10.75% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Founders had $62,917,948 in non-current loans and $2,398,805 in owned assets. To cover these potential losses it had $582,969,908 in net worth and $24,358,910 in loans loss reserves. That gives it a Texas Ratio of 10.75%.
Net Worth
| Founders | U.S. Average |
|---|---|
| 12.11% | 13.93% |
Founders FCU has a net worth of 12.11% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Founders
Eternal Hope
December 12, 2019 |
We have saving with Founders for 2 years and are very pleased with excellent service, great employees and high savings rates.
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