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Photo: Founders President and CEO Bruce Brumfield delivering his comments alongside Dr. Dexter Cook, Jr., Chairman of the Board, at the credit union’s Annual Meeting held Thursday, May 18, 2017.
Lancaster, SC - Founders Federal Credit Union held its 2017 Annual Meeting on the morning of Thursday, May 18, 2017 at the credit union’s Corporate Headquarters in Lancaster, SC. Founders released their 2016 annual report showing continued loan growth, market expansion and increased membership. At the end of 2016, the credit union served over 212,000 members. President and CEO Bruce Brumfield said, “Growth in our credit union, our loans and our membership comes back to the fact that if we do what’s right for our members, our members will want to do business with us.”
Brumfield also commented on the market growth plans for the Columbia and Clemson market areas as the credit union continues to expand in these areas. He also highlighted how Founders gives back to its members. Since 1996, Founders has given back almost $56 million in bonus dividends or Loyalty Dividends.
About Founders Federal Credit Union: The credit union, one of the largest and most innovative in the nation, was founded in 1950 in Fort Mill, South Carolina to provide financial services to the employees of Springs Industries, Inc. Founders serves over 200,000 members with 29 offices and three service centers in North and South Carolina. The credit union has over $2.1 billion in assets.