Considering Founders Federal Credit Union or already applying for its account? Find out whether Founders Federal Credit Union uses ChexSystems and offers a second chance checking or savings account.
You walk into your local bank branch and sit down with your bank representative to talk about opening a checking account. Maybe you’ve been through some financial difficulties in the past, but you are ready to get back on track. But maybe not. You may think your financials are in good shape.
You wait with bated breath through the application process, only to let it out in a sigh of disappointment.
The banking representative turns to you and says, “I’m sorry, but we can’t open an account for you right now. You were rejected by ChexSystems.”
At that point, the banker probably explained ChexSystems to you in detail. If you haven't already, you can read our in-depth guide to ChexSystems and ChexSystems removal, and why it may be having a negative impact on your financial life.
Denials like these are surprisingly common. In fact, CNN has reported that approximately 15% of bank applicants are denied regular bank accounts.
Several members of our community have reported that Founders Federal Credit Union DOES use ChexSystems but you can still qualify for an account if you don't owe any money to the bank. A second chance checking or savings account is another option to consider. Check out their financial products below and visit the official website to learn more.
Below you will find banks that don’t use ChexSystems as an alternative to Founders Federal Credit Union in any step of the process. You can be sure that these banks won’t ever cross reference your records before deciding whether to let you open an account.
The list is suggested by our readers. Please consider the Unchex editor's curated list of banks that don't use ChexSystems for all the banking options available nationwide.
|Main Office||737 Plantation Rd Lancaster, SC 29720|
|CEO||Bruce A Brumfield|
|Number of Members||202,201|
|Institution Class||Federal Credit Union - Multiple common bond - other|
|Institution Type||Credit Union|
|Credit Union Programs||Mortgage Processing|
|Low Income Designation||No|
|Member of FHLB||Yes|
You live, work, worship, attend school or volunteer in a designated area. Please call for details to see if you are eligible to join.
Services & Products
|Electronic Services||Bill Payment, Account Balance Inquiry, Share Account Transfers, e-Statements, New Loan, Loan Payments, Electronic Signature Auth./Cert., Mobile Payments, Remote Deposit Capture, View Account History, Member Application, Download Account History, Share Draft Orders, New Share Account, External Account Transfers|
|Access to Electronic Services||Home Banking via Internet Website, Mobile Banking, Automatic Teller Machine (ATM), Audio Response/Phone Based|
|Services & Products: Credit||Business Loans, Real Estate Loans, Interest Only or Pymt Option, Micro Consumer Loans, Share Secured Credit Cards, Risk Based Loans, Micro Business Loans, Debt Cancellation/Suspension, Overdraft Lines of Credit|
|Services & Products: Depository||Business Share Accounts, Share Certificates with low minimum balance requirement, No Cost Share Drafts|
|Services & Products: Financial Education||Financial Counseling, In-School Branches|
|Services & Products: Other||Bilingual Services, Insurance/Investment Sales, No Cost Bill Payer|
|Services & Products: Transactional||ATM/Debit Card Program, Prepaid Debit Cards, No surcharge ATMs|