Credit union
Founders Federal Credit Union
Lancaster, South Carolina, Lancaster County, SC
$5.2B in total assets and 294,048 members, the 85th largest of 4,298 US credit unions and 1st of 45 headquartered in South Carolina.
- NCUA charter
- 24063
- Charter
- Federal
- Chartered
- 1983
- NCUA insured since
- 1983
- Field of membership
- Multiple common bond - other
- Low-income designation
- Yes
- Website
- https://www.foundersfcu.com
At a glance
Compared with 8 federally insured credit unions in South Carolina with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $5.2B | 98% | $1.5B | |
| Loans | $4.2B | 98% | $987M | |
| Deposits (shares) | $4.4B | 98% | $1.2B | |
| Members | 294,048 | 98% | 106,872 | |
| Return on assets | 1.44% | 62% | 1.31% | |
| Net interest income to assets | 4.40% | 88% | 3.85% | |
| Efficiency ratio | 60.0% | 25% | 67.2% | |
| Net worth ratio | 13.62% | 50% | 13.62% | |
| Loans to shares | 94% | 88% | 80% | |
| Cost of deposits | 2.22% | 98% | 1.27% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 10.4% a year over 10 years and 8.9% a year over the last 5, including 2 mergers in the last 10 years. Membership grew 5.3% a year over 5 years, to 294,048.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Sep 2025 | Vital Federal Credit Union Credit union, Spartanburg, SC | $56M |
| Jan 2022 | Arrowpointe Federal Credit Union Credit union, Catawba, SC | $187M |
| Jun 2016 | Clinton Federal Credit Union Credit union, Clinton, SC | $7M |
Where they operate
48 branches in 15 counties.
2 of 48 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| York County, SC | 10 | 15.2% | 1 of 21 |
| Lancaster County, SC | 7 | 31.8% | 1 of 12 |
| Spartanburg County, SC | 6 | 7.5% | 4 of 32 |
| Richland County, SC | 4 | 3.0% | 11 of 40 |
| Mecklenburg County, NC | 3 | 0.9% | 24 of 61 |
| Chester County, SC | 3 | 37.5% | 1 of 4 |
| Chesterfield County, SC | 3 | 23.1% | 1 of 8 |
| Union County, NC | 2 | 4.8% | 9 of 18 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 33 | |
| 2017 | 33 | 0 |
| 2018 | 32 | −1 |
| 2019 | 32 | 0 |
| 2020 | 31 | −1 |
| 2021 | 38 | +7 |
| 2022 | 39 | +1 |
| 2023 | 41 | +2 |
| 2024 | 44 | +3 |
| 2025 | 49 | +5 |
| Jun 2026 | 48 | −1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.68% | 0.69% |
| Net worth ratio | 13.62% | 13.62% |
| Loans to shares | 94% | 80% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in South Carolina
Most branches in York County, SC
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.