Credit Unions are not for profit financial cooperatives who exist to serve their members. Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to our members in the form of lower loan rates, higher dividends paid on deposits, and lower fees. Unlike a bank, Bragg Mutual Federal Credit Union only strives to serve its membership, rather than create profits to pay stockholders.

Because Credit Unions are owned by members, the Board of Directors serve as unpaid volunteers. They are elected by members. A Credit Union is a financial democracy. Each member has equal ownership and one vote regardless of how much money they have on deposit. Every customer is a member and an owner.

Credit Unions exist to help people, not make a profit. Our goal is to serve all of our members in the best manner possible, including those of modest means. Each member counts. Our members are fiercely loyal for this reason. This is the Bragg Mutual Federal Credit Union Difference – just ask us.