Credit Unions Near Me
National Credit Union Service Organization

BRAGG MUTUAL FEDERAL CREDIT UNION

Dec, 31, 2021 — BRAGG MUTUAL FEDERAL CREDIT UNION is a federal credit union headquartered in FAYETTEVILLE, NC with 5 branch locations and about $95.04 million in total assets. Opened 70 years ago in 1952, BRAGG MUTUAL FEDERAL CREDIT UNION has about 9,435 members and employs 25 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:http://www.braggmutual.org
Branches:5 branch locations
Members:9,435
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$95,035,534
CEO/Manager:Stephen J Foley
Chairperson:John D Szoka

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,070,487
TOTAL INVESTMENTS 10,267,994
Loans Held for Sale 0
 
 Real Estate Loans 10,320,168
 Unsecured Loans 8,448,005
 Other Loans 34,981,294
 TOTAL LOANS 53,749,467
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -418,028
 Land And Building 2,117,907
 Other Fixed Assets 1,189,212
 NCUSIF Deposit 793,079
 All Other Assets 3,265,416
  TOTAL ASSETS 95,035,534
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,563,591
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,680,344
 Regular shares 25,350,097
 All Other Shares & Deposits 37,360,072
  TOTAL SHARES & DEPOSITS 84,390,513
  TOTAL LIABILITIES 85,954,104
 Regular Reserve 241,003
 Other Reserves 2,710,404
 Undivided Earnings 6,130,023
  TOTAL EQUITY 9,081,430
  TOTAL LIABILITIES, SHARES, & EQUITY 95,035,534
INCOME & EXPENSE  
 Loan Income 3,055,879
 Investment Income 113,869
 Other Income 1,142,766
 Total Employee Compensation & Benefits 1,761,837
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,195,352
 Non-operating Income & (Expense) -2,675
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 21,710
 Cost of Funds 225,364
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 964,854
↑ Back to Top

Other Credit Unions

SHAW UNIVERSITY FEDERAL CREDIT UNION
118 E South St
RALEIGH, NC 27601
MOUNT VERNON BAPTIST CHURCH CREDIT UNION
1007 S Roxboro St
DURHAM, NC 27707
HAMLET FEDERAL CREDIT UNION
P O BOX 271
HAMLET, NC 28345
FIRST CAROLINA PEOPLE'S CREDIT UNION
201 E ASH ST
GOLDSBORO, NC 27530
WELCOME FEDERAL CREDIT UNION
10810 Chapel Hill Rd
MORRISVILLE, NC 27560
CIVIC FEDERAL CREDIT UNION
3600 Wake Forest Rd
RALEIGH, NC 27609
ELECTEL COOPERATIVE FEDERAL CREDIT UNION
3400 Sumner Blvd
RALEIGH, NC 27616
FIRST FLIGHT FEDERAL CREDIT UNION
1815 Kildaire Farm Rd
CARY, NC 27518
RIEGELWOOD FEDERAL CREDIT UNION
183 John Riegel Rd
RIEGELWOOD, NC 28456
R T P FEDERAL CREDIT UNION
384 Davis Dr
MORRISVILLE, NC 27560-6336