Local credit union branches acquired

Bragg Mutual Welcomes PACU Members in Southeastern, N.C.

Bragg Mutual Federal Credit Union, one of North Carolina’s fastest growing credit unions, announced it will be acquiring the member relationships at the Fayetteville and Kenansville branches of Piedmont Advantage Credit Union effective July 1st. The branch acquisitions were voted and approved by PACU members who 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. “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 former PACU branch in Kenansville becomes Bragg Mutual’s fifth branch. Since 2018, the credit union has grown in assets by over 46%.

“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.”

In addition to offering low loan rates and high yields on savings, members of Bragg Mutual have more direct, surcharge-free access to their money than most traditional bank customers with access to more than 30,000 ATMs and 5,000 shared branches nationwide. With unique banking features and a commitment to empowering members to live confident financial lives, Bragg Mutual becomes an easy choice.

“Wherever you are in your financial journey, we’re here for you,” Foley added.

About Bragg Mutual Credit Union

Bragg Mutual Federal Credit Union is a member-owned financial cooperative providing financial services to approximately 10,400 members with two offices in Fayetteville, one in Spout Springs, and one in Kenansville, North Carolina. Bragg Mutual is the fourth oldest active Federal Credit Union in North Carolina. Membership is open to those who live, worship, work (or regularly conduct business in) or attend school in, and businesses and other legal entities located within various census tracts of 33 counties in the Carolinas. To find out more visit us at


For Immediate Release

Contact: Stephen J. Foley
Phone: (910) 488-3515

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