Bragg Mutual Federal Credit Union is headquartered in Fayetteville and is the 29th largest credit union in the state of North Carolina. It is also the 2,023rd largest credit union in the nation. It was established in 1952 and as of December of 2018, it had grown to 26 employees and 9,693 members at 3 locations. Bragg Mutual Federal Credit Union's money market rates are 5X 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.
See current membership details
Caution....
Recently visited to do a corresponding CU transfer to a new CD at my out of state CU. Teller informed me my check could not be accepted made payable to my CU? Had to be made payable to myself per my CU rules Dah...She checked with another teller (Sr?) who indicated the same Double Dah!! I immediately telephoned my CU who laughed and said they had never heard of such a requirement...Mailed the check as written via USPS 2 day and new CD was immediately opened for a new CD the day received. Happy I have no money in this place...
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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7955 |
| Year Chartered | 1952 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 7.29% |
| Annual Interest Income | $2.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $66.1MM$55.5MM |
| Loans | Q4 2018vs Q4 2017 | $36.9MM$35.8MM |
| Deposits | Q4 2018vs Q4 2017 | $57.8MM$47.4MM |
| Equity Capital | Q4 2018vs Q4 2017 | $8.0MM$7.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $545.00K$425.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $195.00K$68.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $300 | - | IRA Savings | |
| 0.10% | $300 | - | Savings | |
| 0.05% | $100 | - | Christmas Club | |
| 0.05% | $100 | - | Vacation Club |
Bragg Mutual Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.26%* | $10k* | - | Money Market | ||
| OTHER TIERS: 1.86% → $2.5k - $10k | |||||
Bragg Mutual Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Premium Checking | |
| 0.05% | $500 | - | Checking |
Bragg Mutual Federal Credit Union CD Rates
| Bragg Mutual Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2917 Village Dr | Fayetteville, NC 28304-3814 |
| Branch Office | 201 Hay St Ste 101C | Fayetteville, NC 28301-5581 |
| Branch Office | 219 N Main St | Spring Lake, NC 28390 |