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Bragg Mutual Credit Union

Overview
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Bragg Mutual Credit Union is a federal credit union based in Fayetteville, North Carolina. It has been opened since 1952, for 68 years.

With around $66,100,000 in assets, Bragg Mutual Credit Union is considered to be a large credit union. It has 3 branches and 1 ATM locations.

About
Address 2917 Village Drive
Fayetteville, North Carolina 28304
Website http://www.braggmutualfcu.org
Phone (910) 488-3515
Fax (910) 486-6137
CEO Stephen J. Foley
President of the Board John Szoka
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
9,693 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
352:1
Credit union member to staff ratio
352 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$66,104,138
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 7 in North Carolina
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
6.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 7 in North Carolina
Above average number of branches
Bragg Mutual Credit Union Branch Locations

Bragg Mutual Credit Union: Fayetteville Branch
201 Hay Street Suite 101C
Fayetteville, North Carolina 28301
No ATM
Bragg Mutual Credit Union: Spring Lake Branch
219 North Main Street
Spring Lake, North Carolina 28390
No ATM
Bragg Mutual Credit Union: Main Office
2917 Village Drive
Fayetteville, North Carolina 28304
ATM Available
Members
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9,693 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 9,693 members, the Bragg Mutual Credit Union is considered to be a large credit union. It is larger than 70% of credit unions.

Fees
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$72
Average fee per member
The average fee per member at the Bragg Mutual Credit Union is $72, which is high compared to most credit unions. This rate is higher than 68% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Bragg Mutual Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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352:1
Credit union member to staff ratio
352 per each FTE employee
Compared to 411:1 nationally
Average number of staff
28 staff members
FTE (full-time equivalent)
10% of employees are part-time
26 full-time, 3 part-time

Bragg Mutual Credit Union has 26 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 90% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Bragg Mutual Credit Union has around 352 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$66,104,138
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$10,726
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 55% of credit unions.

Bragg Mutual Credit Union holds a total of $36,880,000 in loans and leases, which is about $10,726 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Bragg Mutual Credit Union pays 0.10%.

Loan rates
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6.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
18.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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1.99%
New car loan rate
Compared to 4.0% nationally
1.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
7.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally