Lancaster, SC 29720
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Notable Rates APY Vs.Others
Savings 0.15% 1.20% →
1-Year CD 0.75% 1.10% →
2-Year CD 0.75% 1.15% →
5-Year CD 1.26% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Founders is an NCUA insured institution located in Lancaster, SC. It was founded in 1961 and has approximately $2775.3 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:

You have someone in your family or household eligible for membership.

NCUA Insured Yes
Charter Number # # 24063
Date Established 1961
Assets $2,775.30 million
Loans $2,290.43 million
Deposits $2,282.67 million
Capital $353.94 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 - August 7, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.15% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.26% $10,000 $14,999 Learn More
60 Mo CD
1.26% $100,000 $199,999 Learn More

Loan Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.


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:

Founders Locations

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
6.20% 6.71

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 March 30, 2020, Founders had $22,584,037 in non-current loans and $847,453 in owned assets. To cover these potential losses it had $353,940,670 in net worth and $23,802,809 in loans loss reserves. That gives it a Texas Ratio of 6.20%.

Net Worth
Founders U.S. Average
12.75% 13.61%

Founders FCU has a net worth of 12.75% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Founders

Branches and Savings

What is Founders?

A federal credit union, registered with the NCUA under certificate #24063.
Learn more about credit unions here.

Is Founders FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Founders?

Please see Field of Membership information above for information on who is eligible to join.

What are Founders's share account and share certificate rates?

Founders's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Founders?

Founders has total capital of $353.94 million. Full information on Founders's financial position is located above.

Who owns Founders?

Credit Unions are owned by their members.

Where are Founders branches located?

See branch locations nearby.

Are Founders ATMs Open 24/7?

Do Founders ATMs accept cash deposits?

Can Founders customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Founders have a mobile app?

Does Founders have mobile deposit?

Does Founders have quick pay?

How can Founders transfer money to other banks or credit unions?

Does Founders report to credit bureaus?

Does Founders use Chexsystems?

Does Founders use Equifax?

What is Founders's toll free phone number?

What is Founders's ACH Routing Number?

What is Founders's SWIFT code?

Where can I find Founders's wire transfer form?

What is the Founders address for deposits?

What Products Does Founders Offer

Does Founders offer mortgages?

Compare mortgage rates here.

Does Founders offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Founders offer auto and RV loans?

Compare auto loan rates here.

Does Founders offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Founders

  • December 12, 2019 |

    CDs 60 Month Rates

    We have saving with Founders for 2 years and are very pleased with excellent service, great employees and high savings rates.

Add Your Review

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