Banking & Finance

Bragg Mutual Federal Credit Union expands to serve 26 N.C. counties

By Staff Report, posted 4 years ago

Local Bragg Mutual Federal Credit Union was recently approved to serve 301 census tracts by the National Credit Union Association. 

 

Bragg Mutual can now serve 26 counties in North Carolina and seven in South Carolina, extending the credit union’s reach to 1.8 million people.  

 

BMFCU has served both Cumberland and Harnett counties since 1952.

 

Bragg Mutual Federal Credit Union is one of North Carolina's fastest-growing credit unions that has offered extended services across the Carolinas. The company is a member-owned financial cooperative that provides financial services to nearly 9,400 members and currently has three offices in Fayetteville and one in Cameron.

 

In the last three years, the credit union has grown more than $95 million in total assets, with a 43.8 percent increase. 

 

"We are very excited to help hundreds of thousands of Carolinians with not just checking, savings and loans, but financial guidance and one-on-one coaching," said Bragg Mutual CEO Stephen J. Foley. "At Bragg Mutual, we have some of the highest-rated customer service in the industry and can offer people a broader range of financial tools and products."

 

Anyone who is a member of Bragg Mutual has more direct, surcharge-free access to their money than most traditional bank customers. In addition to serving everyday banking needs, Bragg Mutual also offers low loan rates and high yields on savings. 

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Community questions: Discussions begin within the Lumbee Tribe of N.C. about potential casino project

On Monday, June 1, 2026, Tribe members from District 2 and District 15, the districts surrounding the area currently planned for the casino, met for a community meeting.Amidst the glitz and glamour of the idea of a new casino coming to the Lumbee Tri


Unlocking innovations: Emerging Technology Institute hosts USSOCOM Technical Experimentation

This is the fourth year that ETI has hosted the event, and in years past Freeman has seen a host of innovative technology, including various drone types and programming, robotic dogs, 3D printed houses, and airspace scanners. Photo provided by USSOCO


Barrier-free financial education: Money Box Academy expands its reach through support from local government and nonprofit organizations

Crystal McLean (left) with Scott Embry (right). Money Box Academy received a $10,000 grant from United Way of Cumberland County’s Youth Growth Stock Trust. Photos provided by Crystal McLean.The Youth Growth Stock Trust Committee, administered by the