Institutions Founders Federal Credit Union

Does Founders Federal Credit Union Use ChexSystems? Is it Good for Bad Credit?

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.

Founders Federal Credit Union

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.

Top Banks That Don’t Use ChexSystems

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.

Editor's Choice


Chime is a fast-growing internet-only bank. Unlike big banks, Chime was created during the smartphone era and, therefore, features an app that is more than just a way for customers to review their bank accounts.

Features and Benefits:

  • Free Visa® debit card
  • Free online banking and mobile banking/deposits
  • No monthly account balance minimums

Why is it recommended for you?

Chime accepts all customers who apply. Even if you have bad or poor credit or have been blacklisted by ChexSystems or credit bureaus.

Apply Now

The Basics

Main Office 737 Plantation Rd Lancaster, SC 29720
Deposit Insurance NCUA
Established On -
CEO Bruce A Brumfield
Headquarter South Carolina
Number of Members 202,201
Community Bank -
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
Total Assets $1,700,231,336
Asset Concentration -
Charter Number 24063
Routing Number -
Membership Eligibility

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

Accounts Offered -
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