Bragg Mutual Federal Credit Union
Bragg Mutual Federal Credit Union is headquartered in Fayetteville and is the 22nd largest credit union in the state of North Carolina. It is also the 1,644th largest credit union in the nation. It was established in 1952 and as of December of 2024, it had grown to 24 employees and 9,605 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 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
Excellent Credit Union
Once I moved to NC from NY a year ago, I got exposure to BMFCU as my NY credit union had listed BMFCU as a shared branch. Though I had no account with them this bank went out of their way to help me with several bank transections including cash withdrawals from my NY credit Union.The staff at this Bank was excellent. They were professional and courteous in helping clients. During that time they had excellent CD rates (which they continue to offer currently) which prompted me to open up 4 CD accounts. BMFCU is a hidden gem!
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7955 |
| Year Chartered | 1952 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 2.87% |
| Annual Interest Income | $6.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $122MM$110.5MM |
| Loans | Q4 2024vs Q4 2023 | $68.9MM$76.6MM |
| Deposits | Q4 2024vs Q4 2023 | $110.1MM$98.3MM |
| Equity Capital | Q4 2024vs Q4 2023 | $10.5MM$10.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $1.2MM$1.1MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $2.1MM$975K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $102K$41K |