Overview / Commentary
Pioneer Mutual Federal Credit Union is headquartered in Sugar Land and is the 90th largest credit union in the state of Texas. It is also the 1,124th largest credit union in the nation. It was established in 1981 and as of June of 2021, it had grown to 45 employees and 9,601 members at 3 locations. Pioneer Mutual Federal Credit Union's savings rates are 4X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Pioneer Mutual Federal Credit Union is open to Ismaili Muslims who can demonstrate heritage as a Momin originating from Sidphur, Gujrat in India and its surrounding areas.
See current membership details
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Reviews (1)
Best Ever
Posted by: JackSparrow | Mar 29, 2014
This is the best bank ever. They give us interest on our checking account. That should be good enough for anybody
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24818 |
| Year Chartered | 1981 |
| Employees | 45 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 7.57% |
| Annual Interest Income | $3.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $234.0MM$204.1MM |
| Loans | Q2 2021vs Q2 2020 | $131.0MM$116.9MM |
| Deposits | Q2 2021vs Q2 2020 | $204.9MM$177.3MM |
| Equity Capital | Q2 2021vs Q2 2020 | $27.9MM$26.1MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $983.00K$888.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $7.00K$77.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |