Bragg Mutual Federal Credit Union
Bragg Mutual Federal Credit Union is headquartered in Fayetteville and is the 24th largest credit union in the state of North Carolina. It is also the 1,746th largest credit union in the nation. It was established in 1952 and as of September of 2022, it had grown to 26 employees and 10,865 members at 4 locations. Bragg Mutual Federal Credit Union has a B 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(s) experience.... So, the branch I visit continues to have a unique and very friendly knowledgeable teller staff. Website has been updated but contracted out of house (-)...
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 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7955 |
| Year Chartered | 1952 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 9.73% |
| Annual Interest Income | $2.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $110.3MM$92.9MM |
| Loans | Q3 2022vs Q3 2021 | $70.2MM$52.2MM |
| Deposits | Q3 2022vs Q3 2021 | $99.5MM$82.4MM |
| Equity Capital | Q3 2022vs Q3 2021 | $9.2MM$8.9MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $488.00K$399.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.0MM$253.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |