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Founders Federal Credit Union

Credit Union•Lancaster, SCHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Founders Federal Credit Union — 873 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
Conventional
Place
Strong
4/5
Regional · 5 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 35.10 basis points below market average
  • Lower than average lender fees
  • Strong pull through performance

Explore another lender or local market

Report Card

Founders Federal Credit Union performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 35.1 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 6 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Sound
Volume869
Mix99.5%
Spread
-0.349%Below
Fees
$773Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Sound
Volume684
Mix78.4%
Spread
-0.468%Below
Fees
$778Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Sound
Volume189
Mix21.6%
Spread
+0.135%Above
Fees
$735Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
873
Applications
1,354
Volume
$223 million
Pricing & Closing
Avg Rate Spread
-0.351%
vs. market APOR
Avg Net Fees
$769
Origination − Credits
Pullthrough Rate
64.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$255,641
Avg Borrower Income
$114,038
Avg Property Value
$335,802

Geographic Coverage

Geographic Performance

Metro Areas
5
markets with activity
States Served
5
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

5
5 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast1
PA
South4
ALNCSCTN

Top Metro Areas by Place Specialization Score

1© chucka_nc · CC BY-SA 2.0
Charlotte, NC-SCMetro
Volume 527Mix 60.37% of portfolio
91/100
Exceptional
2© Doug Gregory from USA · CC BY 2.0
Spartanburg, SCMetro
Volume 107Mix 12.26% of portfolio
84/100
Exceptional
3© Spatms · CC BY-SA 4.0
Greenville, SCMetro
Volume 59Mix 6.76% of portfolio
68/100
Strong
4© Thomas Kirchel · CC BY-SA 4.0
Columbia, SCMetro
Volume 38Mix 4.35% of portfolio
61/100
Strong
5© James Willamor · CC BY-SA 3.0
Myrtle Beach, SCMetro
Volume 11Mix 1.26% of portfolio
42/100
Sound

Top States by Place Specialization Score

South Carolina
South Carolina
1
South CarolinaState
Volume 537Mix 61.51% of portfolio
88/100
Exceptional
North Carolina
North Carolina
2
North CarolinaState
Volume 333Mix 38.14% of portfolio
73/100
Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.