Foundation Bank on Your Credit Report
In short: Foundation Bank is a state-chartered bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator, operating from Mc Kenzie, Tennessee. FDIC records place the charter's origin at February 28, 1934 and assign it certificate 13955. The 06/30/2026 call report lists $218 million in assets across 8 FDIC-reported offices. Because Foundation Bank originates its own paper rather than buying it, the documentation behind any tradeline sits with the bank — which is what makes a §623 direct dispute worth filing here. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Foundation Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Foundation Bank carries FDIC certificate 13955, operates 8 FDIC-reported offices and reported $218 million in assets on its most recent call report in Mc Kenzie, Tennessee.
How Foundation Bank appears on your credit report
Foundation Bank is the original creditor here, which changes the practical shape of a dispute: there is no assignment chain to attack, only the bank's own records. Name the exact field, send it in writing to Foundation Bank, and file the §611 dispute in parallel. the Foundation Bank reviews these internally from Mc Kenzie, Tennessee. The documentation determines what happens — no result is promised.
Names it may report under
Products that commonly show up
- ◆Consumer lines of credit opened at the 8 Tennessee banking offices of Foundation Bank
- ◆Home-equity lines and residential mortgages originated near Mc Kenzie
- ◆Vehicle and equipment paper financed directly through Foundation Bank
Grounds to dispute a Foundation Bank entry
Each of these is a reason a Foundation Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆In-branch payment in Mc Kenzie posted after the due date and reported 30 days late
- ◆Balance not updated to zero after Foundation Bank completed the payoff
- ◆Duplicate Foundation Bank tradeline created when the loan was renumbered internally
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Foundation Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Foundation Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Foundation Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Foundation Bank questions, answered
Does the FDIC insure deposits at Foundation Bank?
It is insured, and certificate 13955 is the number to quote. The FDIC lists a state-chartered bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator, headquartered Mc Kenzie, TN, chartered February 28, 1934, reporting $218 million and 8 offices as of 06/30/2026.
Which regulator oversees Foundation Bank?
Foundation Bank answers primarily to the FDIC and its state banking regulator. If a §611 and a §623 dispute both return "verified" against paperwork you hold, take it to the CFPB; FCRA §§616–617 also create a private right of action. You do not need to pay anyone to do either. The Foundation Bank head office in Mc Kenzie is the right address for the written record.
How many credit-card complaints does the CFPB show against Foundation Bank?
No number is published here. When we queried the CFPB credit-card complaint data, no company key matched Foundation Bank exactly, and we will not approximate one by partial-name matching — that routinely pulls in unrelated companies with similar names. Rather than imply a count we cannot source, we leave it out. The database is public and searchable at consumerfinance.gov.
How long can a Foundation Bank charge-off stay on my credit report?
The seven-year window runs from first delinquency on the underlying Foundation Bank account. Transfers, charge-offs and sales are irrelevant to that date. A first-delinquency field that shifts forward on a later pull is re-aging and should be disputed on that basis alone.
What is the difference between disputing with Foundation Bank and disputing with a collector?
Go to whoever holds the documents. Foundation Bank has the signed application and the posting history; an assignee generally has a spreadsheet row. That is why a §623 direct dispute to Foundation Bank tends to produce a substantive answer rather than a rubber-stamp verification.
Does Foundation Bank report to all three credit bureaus?
Furnishing is voluntary under the FCRA, so Foundation Bank — 8 offices in Tennessee — may report to one or two bureaus rather than all three. Compare the three files side by side: differing balances are usually timing, but differing account status or first-delinquency dates are disputable.
I see duplicate Foundation Bank tradelines — is that allowed?
One account showing twice is a classic conversion artifact. Foundation Bank has operated since 1934, and a charter that old has usually been through at least one core-system migration. An account may legitimately appear under a predecessor name, but the same debt must not report twice with two balances. Dispute the duplicate and name both tradelines.
Can I dispute a Foundation Bank account myself without paying anyone?
No payment is required. Writing to the bureaus under §611 or to Foundation Bank under §623 costs you postage. Paid help is optional and cannot unlock anything extra; results depend entirely on what the documentation shows, and accurate entries stay put.
Where is Foundation Bank headquartered, and does that affect my dispute?
Foundation Bank is headquartered in Mc Kenzie, Tennessee, with 8 FDIC-reported offices. Headquarters does not change your federal rights — the FCRA applies identically everywhere — but it does tell you which state banking regulator shares oversight, which matters if you escalate past the CFPB.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Foundation Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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