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FOUNDERS FEDERAL CREDIT UNION

Mar, 31, 2021 — FOUNDERS FEDERAL CREDIT UNION is a federal credit union headquartered in Lancaster, SC with 30 branch locations and about $3.32 billion in total assets. Opened 60 years ago in 1961, FOUNDERS FEDERAL CREDIT UNION has about 225,180 members and employs 708 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253279439
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:30 branch locations
Members:225,180
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$3,322,538,970
CEO/Manager:Bruce A Brumfield
Chairperson:Jay C Rainey

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Health Savings Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 689,798,808
TOTAL INVESTMENTS 117,834,077
Loans Held for Sale 0
 
 Real Estate Loans 1,310,412,634
 Unsecured Loans 379,188,714
 Other Loans 691,940,994
 TOTAL LOANS 2,381,542,342
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,929,187
 Land And Building 69,402,875
 Other Fixed Assets 11,048,993
 NCUSIF Deposit 22,596,154
 All Other Assets 53,244,908
  TOTAL ASSETS 3,322,538,970
LIABILITIES & CAPITAL:  
 Dividends Payable 5,271,678
 Notes & Interest Payable 90,100,000
 Accounts Payable & Other Liabilities 28,959,934
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 426,152,016
 Regular shares 824,597,663
 All Other Shares & Deposits 1,553,817,019
  TOTAL SHARES & DEPOSITS 2,804,566,698
  TOTAL LIABILITIES 2,928,898,310
 Regular Reserve 26,332,707
 Other Reserves 1,576,212
 Undivided Earnings 365,731,741
  TOTAL EQUITY 393,640,660
  TOTAL LIABILITIES, SHARES, & EQUITY 3,322,538,970
INCOME & EXPENSE  
 Loan Income 32,693,354
 Investment Income 412,399
 Other Income 4,576,675
 Total Employee Compensation & Benefits 15,028,212
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,244,245
 Non-operating Income & (Expense) 344,666
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -105,064
 Cost of Funds 6,824,661
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,051,869
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