# FOUNDERS FEDERAL CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/founders-federal-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


FOUNDERS FEDERAL CREDIT UNION is a credit union, headquartered in Lancaster, SC, serving borrowers across 5 states, with 873 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 22% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 38% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 5493001AGQGPJ3N3YL33
- **Headquarters:** Lancaster, SC
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** AL, NC, PA, SC, TN
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 78/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 62/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.351%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $769
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 873
- **Dollar Volume:** $223 million
- **Applications Received:** 1,354
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $255,641
- **Average Borrower Income:** $114,038
- **Average Property Value:** $335,802

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (64%)
- ⭐ **Purchase Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 70/100 | 869 | -0.349% | $773 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 680 loans, Score: 68/100 (Strong)
- Refinance: 189 loans, Score: 73/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 63/100 | 684 | $190M | -0.468% | Strong 😀 |
| Refinance | 70/100 | 189 | $34M | +0.135% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SC | 537 | 0.67% | 88/100 |
| NC | 333 | 0.22% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Charlotte | NC-SC | 527 | 91/100 |
| Spartanburg, SC | SC | 107 | 84/100 |
| Non |  | 84 | 49/100 |
| Greenville | SC | 59 | 68/100 |
| Columbia, SC | SC | 38 | 61/100 |
| Myrtle Beach | SC | 11 | 42/100 |

## Where This Lender Ranks

FOUNDERS FEDERAL CREDIT UNION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Spartanburg, SC
  - [View Full Rankings](https://saferate.com/spartanburg-sc/best-mortgage-lenders)
- 🥇 **#1** in Spartanburg, SC Credit Unions
  - [View Full Rankings](https://saferate.com/spartanburg-sc/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Greenville Credit Unions
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in South Carolina Credit Unions
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in Charlotte Credit Unions
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in Spartanburg, SC for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/spartanburg-sc/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in Columbia, SC Credit Unions
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/credit-unions)
- 🥉 **#3** in Charlotte for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥉 **#3** in North Carolina Credit Unions
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/credit-unions)
- 🥉 **#3** in Columbia, SC for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in South Carolina for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Charlotte
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders)
- 🏆 **#4** in North Carolina for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Greenville for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#7** in South Carolina
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders)
- 🏆 **#8** in Greenville
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders)
- 🏆 **#9** in Spartanburg, SC for Conventional Loans
  - [View Full Rankings](https://saferate.com/spartanburg-sc/best-mortgage-lenders/conventional-loans)
- 🏆 **#12** in Columbia, SC
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders)
- 🏆 **#16** in Charlotte for Conventional Loans
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/conventional-loans)
- 🏆 **#16** in North Carolina
  - [View Full Rankings](https://saferate.com/north-carolina/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does FOUNDERS FEDERAL CREDIT UNION offer?

FOUNDERS FEDERAL CREDIT UNION offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does FOUNDERS FEDERAL CREDIT UNION offer mortgages?

FOUNDERS FEDERAL CREDIT UNION offers mortgages in 5 states: AL, NC, PA, SC, TN.

### How competitive are FOUNDERS FEDERAL CREDIT UNION's mortgage rates?

FOUNDERS FEDERAL CREDIT UNION has a pricing score of 78/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.351% below market average.

### What type of lender is FOUNDERS FEDERAL CREDIT UNION?

FOUNDERS FEDERAL CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Lancaster, SC.

### What is FOUNDERS FEDERAL CREDIT UNION's loan approval success rate?

FOUNDERS FEDERAL CREDIT UNION has a pull-through score of 62/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/founders-federal-credit-union

### How to Cite

> "FOUNDERS FEDERAL CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/founders-federal-credit-union

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