Founders Federal Merges with Winthrop's Credit Union

April 29, 2008

ROCK HILL, S.C. - Founders Federal Credit Union will merge with the Winthrop Credit Union on May 1.

The Winthrop Credit Union becomes Founders Federal Credit Union – with 22 offices and three service centers in North and South Carolina, 170,000 members and more than $1.4 billion in assets.

Members of the Winthrop Credit Union are now members of Founders Federal Credit Union, and gain the ability and convenience of conducting business at any Founders' office or ATM. The original staff will continue to operate the branch, and will continue to offer the same services and philosophies members have come to expect from conducting business with the Winthrop Credit Union.

Founders Federal Credit Union will offer a wide variety of products and services to its new members including, free Checking, great Savings Rates, free Debit Cards, Platinum Visa Credit or Mastercard, free Founders On-line and e-Lending, Bill Pay, Call 24 Account Access by phone, Investment Services, Financial Counseling and Founders Insurance Services.

Founders Federal Credit Union is one of the largest and most innovative in the nation. It was founded in 1950 in Fort Mill, S.C., to provide financial services to the employees of Springs Industries, Inc.

For more information, please contact Nicki McBrayer Amos at 803/416-5005 or email her at nicki.amos@foundersfcu.com.