Foley Named Credit Union CEO of the Year

By Staff Report, posted Sep 14, 2022 on BizFayetteville.com

Photo courtesy of Bragg Mutual Federal Credit Union

Leading the Fayetteville-based credit union with $110 million in total assets, CEO/President of Bragg Mutual Federal Credit Union Steve Foley is being recognized as CEO of the Year among credit unions under $250 million in assets.

Elected by the National Association of Federally-Insured Credit Unions Awards Committee, Foley is being recognized for his vision, leadership and management that has led to 107 percent growth from 2018 to 2022.

“We knew when we hired Steve four years ago, we had someone who would lead our credit union to new levels of success,” Bragg Mutual Chairman John Szoka shared in a press release. “His dedicated efforts are reflected in the continued success of Bragg Mutual FCU demonstrating thoughtful leadership skills, as well as developing new ideas that are beneficial to our organization's growth.”

Under Foley’s direction, the credit union upgraded digital banking services, expanded the Field of Membership, diversified the loan portfolio, reduced expenses, and placed a stronger commitment to compliance. Additionally, the credit union has seen an increased focus on employees, from quality education and training to an emphasis on outstanding member service to fostering a culture of teamwork. As a result of this extra investment in employee success, the credit union has seen record loan and asset growth during the past two years.

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