News and Announcements

Founders Reports Outstanding Year at 2009 Annual Meeting
The 2009 Annual Meeting of Founders Federal Credit Union was held on Tuesday, May 12, 2009 at the Baxter Hood Center of York Technical College in Rock Hill, South Carolina.

Founders reported another outstanding year to more than 200 members and employees in attendance.  The credit union ended the year with over 185,000 members.  Net income for the year ending December 31, 2008 was $2.2 million, resulting in an outstanding capital position of 13.6%.  In 2008, Founders completed a merger with Winthrop University, expanded two new locations in South Carolina and installed several ATMs with cash deposit capability.

Bruce Brumfield, President and CEO of Founders, reviewed the successful year Founders experienced in 2008 and attributed member service as the reason for the credit union’s success. “We have never swayed from our philosophy of building lifetime partnerships based on mutual trust and commitment with our members,” said Brumfield. “Our members trust Founders to help them make some of the most important decisions of their lives and it is our duty to ensure these decisions are handled with great responsibility.”

Founders is well positioned for 2009 and has entered the year with a positive outlook.  As convenience becomes increasingly important, Founders will continue to make technological enhancements and increase product selection and services for members during the coming year. The credit union is also excited about the construction of their new 100,000 square foot corporate headquarters scheduled for completion in June of 2010.