Bragg Mutual Federal Credit Union

Overview / Commentary
2917 Village Dr
Fayetteville, NC 28304

Bragg Mutual Federal Credit Union is headquartered in Fayetteville and is the 26th largest credit union in the state of North Carolina. It is also the 1,877th largest credit union in the nation. It was established in 1952 and as of June of 2022, it had grown to 24 employees and 9,265 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

Reviews (2)

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

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.

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

NCUA #7955
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD10.55%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$95.9MM$92.1MM
LoansQ2 2022vs Q2 2021$60.1MM$51.9MM
DepositsQ2 2022vs Q2 2021$85.6MM$82.4MM
Equity CapitalQ2 2022vs Q2 2021$9.1MM$8.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$414.00K$534.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$639.00K$342.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for Bragg Mutual Federal Credit Union are currently being reviewed.


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 24/87Cameron, NC 28326
Branch Office1638 Owen Dr Fl 1Fayetteville, NC 28304-3424

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