# BRAGG MUTUAL
Fayetteville, NC · NCUA charter 7955 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/bragg-mutual-7955

Who the members are: federal charter, multiple common bond, organized 1952, low-income designated. 9,152 members of 1,776,847 potential (0.5% of the field); checking penetration 81% (share draft accounts per 100 members); loans per 100 members 55.

**Verdict on the desk:** this could be *ordinary*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $130.4M |
| Members | 9,152 (-4.7% YoY) |
| Full-time staff | 21 |
| Net worth | $10.8M |
| Net worth ratio | 8.3% (p6 of band) |
| ROA (annualized) | 0.27% (p22 of band) |
| Total delinquency | 0.96% (p71 of band) |
| Net charge-offs (annualized) | 0.53% (p69 of band) |
| Loans / shares | 76% (p61 of band) |
| Cash / assets | 10.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.85% (p61 of band) |
| Operating expense / assets | 4.54% (p79 of band) |
| Vehicles % of loans | 18% (p18 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 24% (p48 of band) |
| Vehicle delinquency | 0.92% (p68 of band) |
| Vehicle NCO | 2.05% (p91 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 124% |
| Core shares % of member funds | 48% |
| Certificates % of member funds | 31% |
| Average share balance | $6,201 |
| Participations bought / yr | $2.5M |
| Participations sold / yr | $0 |
| Participations outstanding | $16.0M |
| Loans outstanding per 100 members | 55% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $17,631 |
| Loans granted, annualized | $36.9M |

## Participation posture (from the same filings)

Bought $2.5M and sold $0 in the latest annualized quarter; $16.0M outstanding purchased (148.3% of net worth), $579,101 sold and retained. Sold in 1 and bought in 8 of the last 8 quarters. Shares 2.4% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | losing money, charge-offs p90, repo signal |  |
| 2016-06 | 2 |  | losing money |
| 2016-09 | 2 |  |  |
| 2016-12 | 0 |  | charge-offs p90, repo signal |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | repo signal |  |
| 2018-06 | 4 | net worth falling, delinquency rising, members leaving |  |
| 2018-09 | 3 |  | net worth falling |
| 2018-12 | 2 |  | repo signal |
| 2019-03 | 4 | net worth falling, repo signal |  |
| 2019-06 | 2 |  | delinquency rising, members leaving |
| 2019-09 | 2 | charge-offs p90 | net worth falling |
| 2019-12 | 1 |  | charge-offs p90 |
| 2020-03 | 4 | net worth falling, losing money, delinquency rising |  |
| 2020-06 | 4 | margin squeeze, charge-offs p90 | repo signal, delinquency rising |
| 2020-09 | 2 |  | net worth falling, margin squeeze |
| 2020-12 | 1 |  | charge-offs p90 |
| 2021-03 | 4 | thin capital, net worth falling, expense trap, charge-offs p90 | losing money |
| 2021-06 | 3 | delinquency 2x band, members leaving | thin capital, net worth falling, expense trap |
| 2021-09 | 1 |  | delinquency 2x band, members leaving |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 | delinquency 2x band | charge-offs p90 |
| 2022-06 | 3 | delinquency rising, members leaving |  |
| 2022-09 | 4 | thin capital, repo signal | members leaving |
| 2022-12 | 3 |  | thin capital |
| 2023-03 | 3 | charge-offs p90 | delinquency rising |
| 2023-06 | 2 |  | delinquency 2x band |
| 2023-09 | 4 | delinquency 2x band, members leaving |  |
| 2023-12 | 3 |  | repo signal |
| 2024-03 | 6 | net worth falling, expense trap, delinquency rising, repo signal | charge-offs p90 |
| 2024-06 | 6 | charge-offs p90 | net worth falling |
| 2024-09 | 6 |  |  |
| 2024-12 | 7 | net worth falling, margin squeeze, loan book shrinking | expense trap, charge-offs p90 |
| 2025-03 | 7 | thin capital, losing money, charge-offs p90 | members leaving, delinquency rising, loan book shrinking |
| 2025-06 | 7 |  |  |
| 2025-09 | 5 |  | delinquency 2x band, net worth falling |
| 2025-12 | 2 |  | repo signal, margin squeeze, charge-offs p90 |
| 2026-03 | 3 | net worth falling, members leaving | losing money |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-06-01 [Bragg Mutual opens branch inside Cape Fear Valley Medical Center - Greater Fayetteville Business Journal](https://news.google.com/rss/articles/CBMiU0FVX3lxTE00M0R1akNyUXFzYkVrQi1XUWljUDlpOTU4UkY3Qkx2OFg0M21ReDl3N2Y4cmNEYkhoOUJFT3AzbVdOWFFOR2pOZW5vVEh4TkgzT1NJ?oc=5) · Greater Fayetteville Business Journal
- 2017-07-09 [Business Observer, for July 9 - The Fayetteville Observer](https://news.google.com/rss/articles/CBMimwFBVV95cUxOQTVKZE1fMmJEdUxnZ200cXdCOURTRFdaemRCWHVIS0l4LUh2QzBGc084S0RvRlo4ZnlCd3VwcWhYaVdoVnBFYWtxR01BUU44SFdIeEpwRE0wb2cxcV9wVEV2U3BrcDJXdVJPekNvU1BiVl85dWxuVWdxNVNsOWVjNVJjTVBiQWlUSmhYR0lCTFhCXzBMNjFOcDEtZw?oc=5) · The Fayetteville Observer
- 2026-05-01 [Yvonne Ann Taylor Obituary Apr 30, 2026 - j m wilkerson funeral establishment, inc.](https://news.google.com/rss/articles/CBMia0FVX3lxTE9MLURvX3U2WDVJZDNXOEx6WlYzbnZZNWNDWlFyLV9pSUNkSERmdHJXSTEwSnREbjAzdndIYUcyM245U0JMVGdtMWpNaDJ0UkZNWExRYUZiMlcyelUxeDUtNTExaXl4S1d6Y3dR?oc=5) · j m wilkerson funeral establishment, inc.
- 2021-02-09 [Obituary for Phyllis Meredith Crumley - Rogers & Breece Funeral Service](https://news.google.com/rss/articles/CBMickFVX3lxTE1GdWkyemxuamRSZE9FOWR1cEx6eFlVZmVHMUNON3Z1bDRzRlFjT1JPRXc4SndMSXhPNXJ5aGlSbjRmeUhJVXJKNnFpbkpvSlV0MmN2Sl9DVzM1NW11SDZ6VnhvTkVtUmU2VDEwUG5fM2p4UQ?oc=5) · Rogers & Breece Funeral Service
- 2018-04-19 [Fired CEO sues Szoka, credit union - The Fayetteville Observer](https://news.google.com/rss/articles/CBMixwFBVV95cUxQV2QtN1dfVnUwU2NXcG9oZnlSQ0luZDhwQlVEdzhvM0dVZjlDRGFxRTc5N3I1bU95S0R5c0JIbWVQcmVtRGZqZmRUc2JnWWdGZlFjc2lubjRmSXNlTGIybUtyeVZZdHZSZzVvcEZfOW53UTRjdnpzbDc1SHN6WVVBN1dkcTItSmhuejNYYmJFUXhJTWkxTGtfaHlpRlNCVGs0N0VkdFZXNnNlMXVrU2tyTFRrMVZQZDVaSnpEWjRQWWhoaTgxS1hz?oc=5) · The Fayetteville Observer
- 2016-12-13 [Edwin Deaver Obituary - Hope Mills, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxOcDNuQ1F4ZzRXbEFQVTBLNmdjVkpha3YxSnFQaVVaNFQ0UFhhX0ZtdEdHaHp0T2lSNDltWl9SRlRkczhvMmUwN0hBUm5HczdqSnBEVzdaQnk1WHEtMUo1VXJYTGd1T09CN1lqcFVSSkdoZnZvX09QcFpoaHZoSU9lNFIzMA?oc=5) · Dignity Memorial
- 2022-06-08 [40 Under 40: Andrew Porter of North Carolina General Assembly - The Fayetteville Observer](https://news.google.com/rss/articles/CBMiwgFBVV95cUxObGxmVmJuZ0EzSkZ5NTl2S21QWFJVTGpyRG1EWXFERlZLTDJoSjdHQlpRSm00T1ZIME1SUHVCNjZ3bFJPVGk5Z3o1ckpnSl9NN0phcWlVN01UV0w4c3VZUG9uUlVPZmhFV3oxVlRINjlld2NuSkVPNFBoT2l4ZVk4N09ieGRUVW0xNWVTLXRQTlFCRkRkMkVKcllDZGV4dVpZYmk0VnFTLXkwZjVURUpiSlVEdndsNVBZUXhfbWk4TzVRdw?oc=5) · The Fayetteville Observer
- 2020-06-21 [Business Observer for the week of June 21 - The Fayetteville Observer](https://news.google.com/rss/articles/CBMiogFBVV95cUxOVTI5c1RZSVVCekx3ZnNsRjI0VVJvQmdpQllSMmRqYW52d3FHaV9BYXhiRDNyejU0bFE2R3YyanpXLWR5cndMU0xZY1RGZ0NpWkdRcTJVcFlzV2MxbVZpM3B6TVZrZE96MEFITjlrY3p4c1dHVXJEdGwyYl9SckNPbE5vb0lBZWwtVEdrUjVPYm45aWVUcjhYYllZT2xDbVVyS2c?oc=5) · The Fayetteville Observer

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=7955 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/19.json (key "7955", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=7955
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide