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FOUNDERS FEDERAL CREDIT UNION

Mar, 31, 2022 — FOUNDERS FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, SC with 37 branch locations and about $3.92 billion in total assets. Opened 61 years ago in 1961, FOUNDERS FEDERAL CREDIT UNION has about 244,617 members and employs 755 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:37 branch locations
Members:244,617
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$3,921,322,119
CEO/Manager:Bruce A Brumfield
Chairperson:Jay C Rainey

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 685,707,319
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,565,001,968
 Unsecured Loans 445,490,635
 Other Loans 834,212,866
 TOTAL LOANS 2,844,705,469
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,062,001
 Land And Building 82,990,385
 Other Fixed Assets 8,810,886
 NCUSIF Deposit 28,046,616
 All Other Assets 718,377
  TOTAL ASSETS 3,921,322,119
LIABILITIES & CAPITAL:  
 Dividends Payable 5,112,773
 Notes & Interest Payable 70,050,000
 Accounts Payable & Other Liabilities 45,078,935
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 488,204,804
 Regular shares 1,038,094,909
 All Other Shares & Deposits 1,814,679,824
  TOTAL SHARES & DEPOSITS 3,340,979,537
  TOTAL LIABILITIES 3,461,221,245
 Regular Reserve 0
 Other Reserves 8,681,519
 Undivided Earnings 451,419,355
  TOTAL EQUITY 460,100,874
  TOTAL LIABILITIES, SHARES, & EQUITY 3,921,322,119
INCOME & EXPENSE  
 Loan Income 38,510,991
 Investment Income 729,785
 Other Income 5,850,304
 Total Employee Compensation & Benefits 15,693,186
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,475,911
 Non-operating Income & (Expense) 77,060
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,791,022
 Cost of Funds 6,828,690
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,988,087
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