Lenders › Founders Federal Credit Union › South Carolina
Founders Federal Credit Union in South Carolina
HMDA record for properties in South Carolina, calendar year 2024. National record · South Carolina overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In South Carolina, Founders Federal Credit Union reported 2,854 applications and 1,659 originations for 2024, $222m in all.
Its denial rate in the state was 30.3%, above the South Carolina rate of 25.2% across all lenders and compared with the lender's national rate of 29.4%.
The median rate spread on its South Carolina originations was 0.9 percentage points (state median 0.3).
Applications in the state were down 14% on 2023.
Compared with the state and the lender's national record
| Measure | In South Carolina | South Carolina, all lenders | Founders Federal Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 30.3% | 25.2% | 29.4% | 24.3% |
| Median rate spread, pp | 0.9 | 0.3 | 0.8 | 0.3 |
| Originations with spread of 1.5 pp or more | 36.3% | 15.5% | 31.5% | 15.6% |
| Average originated loan | $134k | $296k | $156k | $329k |
| Home purchase share | 25.6% | 62.8% | 35.1% | 57.0% |
| FHA-insured share | 0.0% | 16.5% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 12.9% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateSouth Carolina, all lenders
Loan purpose and loan type in South Carolina
By purpose
Home purchase 26% (424)Home improvement 21% (348)Refinancing 3% (46)Cash-out refinancing 18% (294)Other purpose 33% (547)
By type
Conventional 100% (1,659)
Denial reasons as coded
Share of 757 denials in South Carolina by first denial reason coded (outlined bar: all lenders in the state).
Counties in South Carolina
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| York County | 822 | 478 | $65m | 30.2% |
| Spartanburg County | 550 | 336 | $38m | 28.1% |
| Lancaster County | 401 | 242 | $30m | 28.5% |
| Chester County | 159 | 86 | $9.6m | 32.1% |
| Chesterfield County | 148 | 78 | $9.5m | 35.7% |
| Laurens County | 126 | 63 | $6.8m | 39.1% |
| Cherokee County | 92 | 56 | $6.0m | 31.8% |
| Greenville County | 100 | 54 | $9.7m | 31.0% |
| Richland County | 95 | 46 | $8.0m | 41.5% |
| Union County | 59 | 36 | $3.1m | 28.3% |
| Lexington County | 50 | 27 | $5.4m | 32.5% |
| Horry County | 28 | 19 | $3.6m | 29.6% |
| Kershaw County | 33 | 18 | $2.5m | 28.6% |
| Pickens County | 25 | 17 | $4.5m | — |
| Anderson County | 27 | 15 | $2.6m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Founders Federal Credit Union originate in South Carolina in 2024?
1,659 loans totalling $222m, from 2,854 applications reported for properties in South Carolina.
What is Founders Federal Credit Union's denial rate in South Carolina?
30.3% of decided applications in South Carolina were denied, against 25.2% for all lenders in the state and 29.4% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which South Carolina counties does Founders Federal Credit Union lend in most?
By originations: York County (478), Spartanburg County (336), Lancaster County (242), Chester County (86), Chesterfield County (78).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in South Carolina. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.