Business North Carolina has recognized Bragg Mutual Federal Credit Union as one of the 50 largest banks and credit unions headquartered in the state. The distinction places Bragg Mutual among North Carolina’s top financial institutions in a highly competitive market that includes 97 in-state headquartered banks and credit unions, as well as many of the nation’s largest out-of-state banking organizations operating within the state.
“It is a pleasure to be recognized by a prestigious publication like Business North Carolina as one of the top 50 financial institutions in our home state,” said Steve Foley, CEO of Bragg Mutual FCU. “All financial institutions want to serve people in North Carolina, and we are very pleased that our members have selected us as their primary banking partner over the last seven years, propelling us into the upper echelon of institutions serving our state.”
Founded in 1952, Bragg Mutual FCU is among the oldest federally chartered credit unions in North Carolina. Since 2018, the credit union has more than doubled its asset size, leading to its inclusion on the Business North Carolina Top 50 list.
Chairman of the Board John Szoka emphasized the organization’s long-term mission and future-focused strategy. “Our goal has always been to support rural and underserved communities in Southeastern North Carolina,” Szoka said. “The credit union has remained forward-looking by investing in new technology and digital banking services to meet the needs of the next generation of members.”
