Sep, 30, 2025 — FOUNDERS FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, SC with 48 branch locations and about $4.99 billion in total assets. Opened 65 years ago in 1961, FOUNDERS FEDERAL CREDIT UNION has about 285,807 members and employs 894 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOUNDERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 737 Plantation Rd LANCASTER, SC 29720 |
| Phone: | (800) 845-1614 |
| Fax: | (803) 289-5936 |
| Website: | https://www.foundersfcu.com |
| Branches: | 48 branch locations |
| Members: | 285,807 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24063 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,986,168,116 |
| CEO/Manager: | Bruce A Brumfield |
| Chairperson: | Roy A Hunt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 506,350,684 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,216,205,412 |
| Unsecured Loans | 615,117,178 |
| Other Loans | 1,145,083,278 |
| TOTAL LOANS | 3,976,405,868 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,550,098 |
| Land And Building | 108,075,588 |
| Other Fixed Assets | 12,133,056 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 37,033,976 |
| All Other Assets | 3,505,645 |
| TOTAL ASSETS | 4,986,168,116 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,022,241 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 71,859,927 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 532,682,221 |
| Regular shares | 971,224,779 |
| All Other Shares & Deposits | 2,738,145,427 |
| TOTAL SHARES & DEPOSITS | 4,242,052,427 |
| TOTAL LIABILITIES | 4,333,211,189 |
| Regular Reserve | 0 |
| Other Reserves | 20,147,716 |
| Undivided Earnings | 632,809,211 |
| TOTAL EQUITY | 652,956,927 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,986,168,116 |
| INCOME & EXPENSE | |
| Loan Income | 211,277,004 |
| Investment Income | 22,069,397 |
| Other Income | 25,083,695 |
| Total Employee Compensation & Benefits | 67,923,256 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 73,077,535 |
| Non-operating Income & (Expense) | 1,125,916 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,686,074 |
| Cost of Funds | 77,815,940 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 49,017,369 |
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