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

Pioneer Mutual Federal Credit Union is headquartered in Sugar Land and is the 122nd largest credit union in the state of Texas. It is also the 1,623rd largest credit union in the nation. It was established in 1981 and as of March of 2014, it had grown to 22 employees and 6,977 members. Pioneer Mutual Federal 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 Q1 2014

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 Mutual Federal Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Pioneer Mutual Federal Credit Union had $192,000 in non-current loans and owned real-estate with $16.62 million in equity and loan loss allowances on hand to cover it. This gives Pioneer Mutual Federal Credit Union a Texas Ratio of 1.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Pioneer Mutual Federal Credit Union experienced no significant changes from 1.05% as of March 31, 2013 to 1.16% as of March 31, 2014, resulting in a negative change of 10.34%. This indicates that the balance sheet and financial strength for Pioneer Mutual Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Pioneer Mutual Federal Credit Union has increased its total deposits by $18.96 million, resulting in 34.78% 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 Mutual Federal 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 Mutual Federal Credit Union has $90.22 million in assets with $16.62 million in equity, resulting in a capitalization level of 18.42%, which is excellent.

Institution Statistics

Overall
NCUA #24818
Year Chartered1981
Employees22
Primary Regulator
Assets and Liabilities
Assets$90.22 million
Loans$55.31 million
Deposits$73.45 million
Equity Capital$16.43 million
Loan Loss Allowance$194,000
Unbacked Noncurrent Loans$192,000
Real Estate Owned$0
Historic Data - March 2013
Assets$70.28 million
Equity Capital$15.45 million
Loan Loss Allowance$123,000
Unbacked Noncurrent Loans$192,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.31%
Return on Assets1.29%
Return on Equity7.06%
Interest Income$978,000
Rates
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Pioneer Mutual Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.80%--Pioneer Education Savings
3.29%--IRA Savings Account
3.29%--Roth IRA Savings Account
3.29%--Coverdell ESA
2.78%$250-Share Savings Account

Pioneer Mutual Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100-Share Draft Account
Locations


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