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 1,736th largest credit union in the nation. It was established in 1952 and as of December of 2023, it had grown to 24 employees and 9,931 members at 4 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 those who live, worship, work (or regularly conduct business in) or attend school in, and businesses and other legal entities located within certain areas or certain census tracts in the North Carolina counties of Alamance, Anson, Brunswick, Chatham, Columbus, Cumberland, Duplin, Franklin, Harnett, Hoke, Johnson, Lee, Lenoir, Montgomery, Moore, Nash, Pender, Randolph, Richmond, Robeson, Sampson, Scotland, Wake, Wayne, or Wilson; or the South Carolina counties of Chesterfield, Darlington, Dillon, Florence, Horry, Marion, or Marlboro.
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 Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7955 |
| Year Chartered | 1952 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 10.53% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $110.5MM$108.3MM |
| Loans | Q4 2023vs Q4 2022 | $76.6MM$76.5MM |
| Deposits | Q4 2023vs Q4 2022 | $98.3MM$96.3MM |
| Equity Capital | Q4 2023vs Q4 2022 | $10.2MM$9.7MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $1.1MM$484K |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $975K$1.5MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $41K$0 |