About Woodruff Federal

Woodruff Federal was founded in 1934 by a group of local business leaders to serve the savings and loan needs of the small town’s growing textile community. Ever since, we’ve stayed true to our founding purpose to remain an S&L…and serve as a safe, secure place that folks could rely on to get a home loan or build their savings deposits.

Over time, Woodruff Federal’s customer base has grown well beyond the town of Woodruff and now extends to serving individuals, families, churches and business owners throughout Spartanburg and neighboring counties: Greenville, Spartanburg, Boiling Springs, Union, Gaffney, Simpsonville, Fountain Inn, Laurens, Inman, Wellford and Lyman. 

Woodruff Federal is defined in industry terms as a “portfolio lender,” or as we prefer to describe ourselves...a true, local mortgage lender. This means our loans are never sold to a secondary market, which results in greater lending flexibility. We originate and approve all mortgage loans in-house, so that every individual loan situation can be evaluated case-by-case.

We have many long-standing customers who have entrusted us with their mortgage lending needs throughout their lives. The same can be said of our large, extended family of deposit customers, who, along with their children and grandchildren, have banked on Woodruff Federal’s competitive rates and friendly service for generations.

Since day one, Woodruff Federal has maintained strong liquidity. Thanks to our conservative vision and leadership, assets have grown steadily over the past 80 years. In recent years, we’ve been listed as one of the most stable thrifts in the nation by Bauer Financial Reports Inc. Today, with close to $90 million in assets and an expanding customer base, Woodruff Federal’s roots run strong and deep in the Upstate.