Bragg Mutual Federal Credit Union acquires two branches

By Staff Report, posted Jul 5, 2022 on BizFayetteville.com

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Bragg Mutual Federal Credit Union announced the acquisition of  the member relationships at the Fayetteville and Kenansville branches of Piedmont Advantage Credit Union as of July 1. 

This acquisition was voted and approved by the PACU members that reside in the region. 

“We thank the members who voted overwhelmingly to join the Bragg Mutual family,” said Bragg Mutual President and CEO Steve Foley in a press release. “We are excited to not just serve our existing members in Fayetteville and Kenansville but to expand our industry-leading services, honest advice, and cost-saving solutions to a larger membership group.”

The Kenansville branch is the fifth branch for Bragg Mutual. Since 2018, the credit union has grown in assets by over 46 percent, the press release said.

“Kenansville residents already make a sizeable portion of our membership, and we look forward to improving their experience with the addition of the Kenansville branch to our footprint,” Foley said. “We know our new members will be excited that their community branch and team are ready to serve them today, tomorrow, and many years in the future.”

Bragg Mutual Federal Credit Union is a member-owned financial cooperative that provides financial services to approximately 9,400 members with three offices in Fayetteville and one in Cameron.

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