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877-687-7628
1521 Lake Pointe Pkwy
Sugar Land, TX 77478

Pioneer Muslim Credit Union is headquartered in Sugar Land and is the 129th largest credit union in the state of Texas. It is also the 1,708th largest credit union in the nation. It was established in 1981 and as of December of 2013, it had grown to 21 employees and 6,812 members. Pioneer Muslim Credit Union's savings rates are 7X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must be a person representing Shia Imami Ismaili Muslim or belong to Momin Community from India, Gujarat Sidhpur district. - See Details

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Reviews (1)

Best Ever

This is the best bank ever. They give us interest on our checking account. That should be good enough for anybody



Health

Data for Q4 2013

Institution Health

A+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Pioneer Muslim Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Pioneer Muslim Credit Union had $110,000 in non-current loans and owned real-estate with $16.32 million in equity and loan loss allowances on hand to cover it. This gives Pioneer Muslim Credit Union a Texas Ratio of 0.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Pioneer Muslim Credit Union decreased dramatically from 3.19% as of December 31, 2012 to 0.67% as of December 31, 2013, resulting in a positive change of 78.86%.This indicates that the balance sheet and financial strength for Pioneer Muslim Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Pioneer Muslim Credit Union has increased its total deposits by $16.73 million, resulting in 34.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pioneer Muslim Credit Union has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pioneer Muslim Credit Union has $81.2 million in assets with $16.32 million in equity, resulting in a capitalization level of 20.10%, which is excellent.

Institution Statistics

Overall
NCUA #24818
Year Chartered1981
Employees21
Primary Regulator
Assets and Liabilities
Assets$81.20 million
Loans$52.51 million
Deposits$64.63 million
Equity Capital$16.14 million
Loan Loss Allowance$184,000
Unbacked Noncurrent Loans$110,000
Real Estate Owned$0
Historic Data - December 2012
Assets$63.46 million
Equity Capital$15.19 million
Loan Loss Allowance$120,000
Unbacked Noncurrent Loans$110,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.41%
Return on Assets1.17%
Return on Equity5.87%
Interest Income$3.88 million
Rates
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Pioneer Muslim Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.55%--Pioneer Education Savings
3.03%--IRA Savings Account
3.03%--Roth IRA Savings Account
3.03%--Coverdell ESA
2.52%$250-Share Savings Account

Pioneer Muslim Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100-Share Draft Account
Locations


Pioneer Muslim Credit Union Locations
Branch Office8801 Research Blvd Ste 105Austin, TX 78758
Branch Office1521 Lake Pointe PkwySugar Land, TX 77478