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 28th largest credit union in the state of North Carolina. It is also the 1,954th largest credit union in the nation. It was established in 1952 and as of June of 2019, it had grown to 24 employees and 9,740 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.
See current membership details

Reviews (2)

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

Posted by: Anonymous | Dec 29, 2010

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
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD4.21%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$71.9MM$62.1MM
LoansQ2 2019vs Q2 2018$36.6MM$37.7MM
DepositsQ2 2019vs Q2 2018$62.8MM$53.7MM
Equity CapitalQ2 2019vs Q2 2018$8.2MM$7.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$736.00K$426.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$172.00K$306.00K
Real Estate OwnedQ2 2019vs Q2 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-Christmas Club
0.15%$100-Vacation Club
0.10%$300-Savings

Bragg Mutual Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*$50k*-Money Market
OTHER TIERS: 0.50% Up to $10k | 1.41% $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
2.79%$1k-60 Month Share Certificate
2.68%$1k-48 Month Share Certificate
2.48%$1k-36 Month Share Certificate
2.27%$1k-24 Month Share Certificate
2.27%$50k-15 Month Jumbo CD Special
2.19%$1k-12 Month Share Certificate
2.02%$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 Office219 N Main StSpring Lake, NC 28390

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