Sep, 30, 2025 — BRAGG MUTUAL FEDERAL CREDIT UNION is a federal credit union headquartered in FAYETTEVILLE, NC with 5 branch locations and about $128.27 million in total assets. Opened 74 years ago in 1952, BRAGG MUTUAL FEDERAL CREDIT UNION has about 9,608 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRAGG MUTUAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2917 Village Dr FAYETTEVILLE, NC 28304-3814 |
| Phone: | (910) 488-3515 |
| Fax: | (910) 486-6137 |
| Website: | https://www.braggmutual.org |
| Branches: | 5 branch locations |
| Members: | 9,608 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7955 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $128,274,937 |
| CEO/Manager: | Stephen J Foley |
| Chairperson: | John D Szoka |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,125,723 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,167,612 |
| Unsecured Loans | 4,873,346 |
| Other Loans | 24,059,087 |
| TOTAL LOANS | 74,100,045 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,238,278 |
| Land And Building | 1,863,241 |
| Other Fixed Assets | 220,276 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,082,524 |
| All Other Assets | 1,252,749 |
| TOTAL ASSETS | 128,274,937 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,154,570 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,079,959 |
| Regular shares | 30,573,761 |
| All Other Shares & Deposits | 59,847,962 |
| TOTAL SHARES & DEPOSITS | 115,501,682 |
| TOTAL LIABILITIES | 117,656,252 |
| Regular Reserve | 0 |
| Other Reserves | 2,688,293 |
| Undivided Earnings | 7,930,392 |
| TOTAL EQUITY | 10,618,685 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 128,274,937 |
| INCOME & EXPENSE | |
| Loan Income | 3,374,939 |
| Investment Income | 1,517,174 |
| Other Income | 1,017,100 |
| Total Employee Compensation & Benefits | 2,216,648 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,211,015 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 684,909 |
| Cost of Funds | 1,621,290 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -286,920 |
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