# FOUNDERS
Lancaster, SC · NCUA charter 24063 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/founders-24063

Who the members are: federal charter, multiple common bond, organized 1961, low-income designated. 290,408 members of 2,587,349 potential (11.2% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 83.

**Verdict on the desk:** this could be *fortress*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.18B |
| Members | 290,408 (5.4% YoY) |
| Full-time staff | 870 |
| Net worth | $688.3M |
| Net worth ratio | 13.3% (p86 of band) |
| ROA (annualized) | 1.29% (p86 of band) |
| Total delinquency | 0.70% (p59 of band) |
| Net charge-offs (annualized) | 1.20% (p92 of band) |
| Loans / shares | 92% (p69 of band) |
| Cash / assets | 10.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.25% (p95 of band) |
| Operating expense / assets | 3.59% (p70 of band) |
| Vehicles % of loans | 27% (p52 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.58% (p51 of band) |
| Vehicle NCO | 1.44% (p72 of band) |
| Repossessed % of vehicle book | 0.24% (p87 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 1% |
| Core shares % of member funds | 36% |
| Certificates % of member funds | 29% |
| Average share balance | $5,724 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $805,601 |
| Loans outstanding per 100 members | 83% |
| Loans granted per 100 members, annualized | 107% |
| Average loan balance | $16,947 |
| Loans granted, annualized | $1.71B |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $805,601 outstanding purchased (0.1% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 5.6% year over year.

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, charge-offs p90, loans>95% of shares |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 4 | net worth falling |  |
| 2017-03 | 3 |  | loans>95% of shares |
| 2017-06 | 3 | loans>95% of shares | net worth falling |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | net worth falling |  |
| 2018-06 | 4 |  |  |
| 2018-09 | 3 |  | net worth falling |
| 2018-12 | 3 |  |  |
| 2019-03 | 4 | net worth falling |  |
| 2019-06 | 2 |  | charge-offs p90, net worth falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | net worth falling |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 2 |  | loans>95% of shares |
| 2020-09 | 0 |  | expense trap, net worth falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | margin squeeze |  |
| 2021-06 | 0 |  | margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | net worth falling, charge-offs p90 |  |
| 2022-06 | 0 |  | net worth falling, charge-offs p90 |
| 2022-09 | 0 |  |  |
| 2022-12 | 2 | charge-offs p90, loans>95% of shares |  |
| 2023-03 | 1 |  | loans>95% of shares |
| 2023-06 | 1 | loans>95% of shares | charge-offs p90 |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | delinquency rising |  |
| 2024-03 | 2 | net worth falling | loans>95% of shares |
| 2024-06 | 1 |  | net worth falling |
| 2024-09 | 0 |  | delinquency rising |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | charge-offs p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-28 [Largest credit union in SC names new president after nixing previously-named one - The State](https://news.google.com/rss/articles/CBMiaEFVX3lxTE03UWs4QU1sa1hiQkpUMFNFLTZqTjc2MXFRZzZNQUM1OE15LUFiYXh3dEhXY1R6eUM0Wkd0VW40SGVQal9UTUNtMXpwZllZVW9PSmdHTEFHRkpiZjY3a2pGN2Q0eGFNYXBP0gFoQVVfeXFMUDVHXzRVUW4tUW13ZEQyZjhCMmNiVnZqbkxRdkdhQmxTX3VZYzFHWlZsODBZdmpGZng4YVNMenhDRy1wNmhjWER2VVlKUjB5ZVQ0YnNiVXU4RERWVDFIN25hcmNsdGd2d3Q?oc=5) · The State
- 2026-08-06 [Founders Federal Credit Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com](https://news.google.com/rss/articles/CBMie0FVX3lxTE94YzJvaHV6YmtQOVZISUdBWDhYRHl0ZjdkeFJEQnpPd2lFNDBNLU5EaU9mM3VzYXlDLXUwcFVxYXoxaU1sb1JLaDEtMzZySGNMX28zY2s2UlU3VGJQbi1KNEQ4dHlPVHM4Slo1WWF3OGlKUzRFQWV3ZDA1aw?oc=5) · reveliolabs.com
- 2025-11-14 [Incoming CEO of SC’s largest credit union is out. Here’s what we know. - The State](https://news.google.com/rss/articles/CBMiaEFVX3lxTFB4SHZkNEhZODlFZGs3ZWppUGNJU3UxSGhRd3ZhMFZSV1ptZ3J6UjhpeFMwOFVUTlB3R3FYTWNSSnpuUnlVMV9fZkZ6TW1sVFZlRlBvNlBUd1BJc0N2Z2RPbTlyYUtSNXRu0gFoQVVfeXFMT1VSTFl6ZTlqSjNpVEdCMHdTa2pWMHg3Wk56N2ZCTHU5cVhIQUFtTXIwVy0waHdEb1Q5RFAwTUpVVWFpaFVZb0g2N2swdVpmNXFPRzh0REU4UlhzdktaV182TkVkODZQelc?oc=5) · The State
- 2017-10-05 [Campus-Wide Partnership with Founders Announced - Clemson University Athletics](https://news.google.com/rss/articles/CBMikwFBVV95cUxNVnZmZXZTMlF6MWFjTE1BYUdmWUFKMzRCcFZ2NVNrU3NBanRFaTBvaGcwUWFNdkxwOHd5OVFodDFTYXpWZ2xLTzBpVDFsZDZ5b1dfRjZuYXlBQTZ6VlhsU18ybHpzTE5ONFR2d1hrQ2VKOG1Gb2dQRnRxUDZmeFhTbElXZDl2STFvbGxCNE85NFY2Mm8?oc=5) · Clemson University Athletics
- 2024-09-27 [Gamecocks and Founders Federal Credit Union Extend Naming Rights Agreement for Baseball Stadium - University of South Carolina Athletics](https://news.google.com/rss/articles/CBMi1wFBVV95cUxQb3d2Rk1wWGJJRmY2dm14bThFWklEdE9Db2VVdzBueTREWFdMUnA1aWxmdXhsaWNIcXgwZk4tX0VZNmFMS2p0RjZ0Nkd0dmp1S2U1aXhoMlpmYkF4Y0I4c0l6dnlnNTNGc09qMGZpNDZob1pwbTJudE0tZXVHQnJGS0FxVm9lVmNFWE5TWDlUWWxpc2g4cEp0cngzc0hNWDdZYi1OdnRJWGFHVnRnRlVQRjZtZ3ZpYTQzRlNqNU5mczYtc3FXYnV2SDhNUlNTcXh1NDl6cnZlRQ?oc=5) · University of South Carolina Athletics
- 2025-02-24 [Founders Federal Credit Union to open southeast Columbia branch near Target - Post and Courier](https://news.google.com/rss/articles/CBMi5gFBVV95cUxQbEoxX0NJQWdTcW1HTnp4Skh0bnZSeGd3bkhwamExVTZpN1EzZWlpeE1wTG1mYS1kMThJY0huS2QzNmYwUFlmQnUxb213RkZaWHNZY1BGaGx5aEMtVWxPTVRTTmFSQVl1OFpuRGwzTjRyN1l5RUlvdC0xQ3BmU0NJd29TelVxcXdjVmFkTk1sQ1BIOVc0a0hIUjJ2QUQ5Ym1hbmMwZmRvb09yb2dqQlgzaXc2c0pkUGR4UndTNTZabmN3VkNRQmZFVFp4SFFsXzV1QzNQMWIxZDBfanZOaml2aktjOVpXUQ?oc=5) · Post and Courier
- 2018-08-28 [Winthrop, Founders Federal Credit Union Announce Expanded Partnership - Winthrop University Athletics](https://news.google.com/rss/articles/CBMiugFBVV95cUxPeEhLVkxNWGVTb1hveW5QbTkxT3JPTGEzV19yX0d5NU5QLTJKQTF4eExHaTl1cm9uUzFVSkpQYlF6bjVrWHROaVE1ck9YN0VpQUIwY2pCaU0zTGgyUUU4aEhvZTh4Si1PVlg2aHNCQ21PVFBFRUdLZnV1b01MU19Ec0JoV09oSElJTTZqWkxhWk9RM0Z2Y28tNHdOd3VLLWtHRENsTEZOR3dIMXdJWWpxUW1XOFRrNzZ6Q1E?oc=5) · Winthrop University Athletics
- 2025-11-10 [An SC company just scooped up $85M worth of property in York, Lancaster County - Rock Hill Herald](https://news.google.com/rss/articles/CBMickFVX3lxTE9MbDh1ZXE4bmNtRjNoczR1MDRSQ3hLaDJRS2F6TkU4Q1dQUWZUejFJbHBRekxWVkc1Uk5mNVhleXcwdEY2b0h5UjZlQnN4MldqcUxyTkVMQjFid2JYNVVDM1E0TFRUSU1nY0lLQVpxNFRLUdIBckFVX3lxTE1GS09oUW9McmF5V0JEMnRhU09iREVRT1IwMkhNb1dkSlhCY1BaY2RiWUJSX19mRlFobDdPcW5DTnNhRXE2X1pGOExMZ2RZbWJfQ2tCWUV5NzNTUk42S3VSam9DaXpKSHdfM0dKT2xjNThQQQ?oc=5) · Rock Hill Herald

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=24063 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/63.json (key "24063", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=24063
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide