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Overview / Commentary
2917 Village Dr
Fayetteville, NC 28304-3814

Bragg Mutual Credit Union is headquartered in Fayetteville and is the 34th largest credit union in the state of North Carolina. It is also the 2,309th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 21 employees and 10,707 members. Bragg Mutual Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be employed by one of the occupational or association group that has been approved by the National Credit Union Administration. - See Details

Reviews (1)

Mis-Mangement Of Funds

My cousin has had some problems with his money in this bank. His money seemed to always go missing from his account without explanation. Upon inquiring to what happened to it, he could never get a clear answer as to what the problem was.

It started out being small amounts, and grew into large amounts. He has since stopped banking with this institution. IF YOU HAVE MONEY IN THIS BANK -- YOU NEED TO CHECK YOUR BANK STATEMENTS -- VERY CAREFULLY.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bragg Mutual Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bragg Mutual Credit Union had $197,000 in non-current loans and owned real-estate with $6.67 million in equity and loan loss allowances on hand to cover it. This gives Bragg Mutual Credit Union a Texas Ratio of 2.95% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bragg Mutual Credit Union decreased dramatically from 4.82% as of March 31, 2013 to 2.95% as of March 31, 2014, resulting in a positive change of 38.66%.This indicates that the balance sheet and financial strength for Bragg Mutual Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Bragg Mutual Credit Union has decreased its total deposits by $-239,000, resulting in -0.55% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bragg Mutual Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bragg Mutual Credit Union has $49.46 million in assets with $6.67 million in equity, resulting in a capitalization level of 13.48%, which is excellent.

Institution Statistics

NCUA #7955
Year Chartered1952
Primary Regulator
Assets and Liabilities
Assets$49.46 million
Loans$13.98 million
Deposits$42.99 million
Equity Capital$6.11 million
Loan Loss Allowance$559,000
Unbacked Noncurrent Loans$197,000
Real Estate Owned$0
Historic Data - March 2013
Assets$50.49 million
Equity Capital$6.48 million
Loan Loss Allowance$559,000
Unbacked Noncurrent Loans$197,000
Real Estate Owned$28,000
Profit Margin - Quarterly
Net Interest Margin2.2%
Return on Assets-0.16%
Return on Equity-1.31%
Interest Income$354,000

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Bragg Mutual Credit Union Locations
Branch Office2100 W Broad StElizabethtown, NC 28337
Branch Office2917 Village DrFayetteville, NC 28304-3814
Branch Office219 N Main StSpring Lake, NC 28390-3819
Branch Office201 Hay St Ste 101CFayetteville, NC 28301-5581