Bragg Mutual Federal Credit Union
Bragg Mutual Federal Credit Union is headquartered in Fayetteville and is the 27th largest credit union in the state of North Carolina. It is also the 1,888th largest credit union in the nation. It was established in 1952 and as of September of 2020, it had grown to 23 employees and 9,744 members at 3 locations. Bragg Mutual Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Bragg Mutual Federal Credit Union is open to anyone who lives, works, or worships in Cumberland County, North Carolina and surrounding areas. Employees of more than 100 Select Employee Groups, including Department of Defense employees at Fort Bragg, are also eligible to join.
See current membership details
Update Previous @ Improved Location
Reviewing previous post experience....UP by 100% So, arrived at new location and opened a share account within 10-14 mins by very friendly and knowledgeable teller staff (smart vs. waiting on cs rep to open!). Returned and opened 2 CD's and plan on an additional 1 soon. Again, fast and easy to open as before! Website is OK, simple and easy to navigate, though looks a bit dated. However, simple is smart IMHO +++
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 as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7955 |
| Year Chartered | 1952 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.29% |
| Return on Equity - YTD | -3.08% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $85.6MM$71.8MM |
| Loans | Q3 2020vs Q3 2019 | $45.4MM$37.3MM |
| Deposits | Q3 2020vs Q3 2019 | $75.6MM$63.3MM |
| Equity Capital | Q3 2020vs Q3 2019 | $8.1MM$8.2MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $708.00K$611.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $269.00K$314.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |