Bragg Mutual Federal Credit Union


Overview / Commentary
910-222-1500
2917 Village Dr
Fayetteville, NC 28304-3814

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 1,906th largest credit union in the nation. It was established in 1952 and as of December of 2019, it had grown to 27 employees and 9,825 members at 3 locations. Bragg Mutual Federal Credit Union's money market rates are 4X the national average, and it 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

Reviews (2)

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

Posted by: |

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.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Bragg Mutual Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #7955
Year Chartered1952
Employees27
Primary Regulator
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD3.32%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$75.4MM$66.1MM
LoansQ4 2019vs Q4 2018$39.0MM$36.9MM
DepositsQ4 2019vs Q4 2018$66.7MM$57.8MM
Equity CapitalQ4 2019vs Q4 2018$8.3MM$8.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$633.00K$545.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$214.00K$195.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bragg Mutual Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bragg Mutual Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$300-IRA Savings
0.15%$100-Holiday Club
0.15%$100-Vacation Club
0.10%$300-Master Savings Account

Bragg Mutual Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%*$50k*-Money Market
OTHER TIERS: 0.50% Up to $10k | 1.26% $10k - $50k

Bragg Mutual Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$5k*-Premium Checking
OTHER TIERS: 0.10% Up to $5k
0.05%$500-Checking

Bragg Mutual Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.66%$50k-15 Month Jumbo CD Special
1.51%$1k-36 Month Share Certificate
1.51%$1k-48 Month Share Certificate
1.51%$10k-60 Month Share Certificate
1.41%$1k-24 Month Share Certificate
0.90%$1k-12 Month Share Certificate
0.75%$1k-6 Month Share Certificate
Locations


Bragg Mutual Federal Credit Union Locations
Branch Office2917 Village DrFayetteville, NC 28304-3814
Branch Office201 Hay St Ste 101CFayetteville, NC 28301-5581
Branch Office1570 NC HWY 24/87 Cameron, NC 28326

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