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PIONEER MUTUAL FEDERAL CREDIT UNION

Dec, 31, 2023 — PIONEER MUTUAL FEDERAL CREDIT UNION is a federal credit union headquartered in SUGAR LAND, TX with 3 branch locations and about $283.48 million in total assets. Opened 43 years ago in 1981, PIONEER MUTUAL FEDERAL CREDIT UNION has about 10,879 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PIONEER MUTUAL FEDERAL CREDIT UNION
Address:
(Main Office)
1521 Lake Pointe Pkwy
SUGAR LAND, TX 77478
Phone:(281) 566-8000
Fax:(281) 566-8001
Website:https://www.pioneeronline.org
Branches:3 branch locations
Members:10,879
Credit Union Type:Federal Credit Union
Charter Number:24818
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1981
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$283,482,087
CEO/Manager:Shaukat Ali
Chairperson:Shaheen N Momin

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 41,475,222
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 122,216,791
 Unsecured Loans 42,943,738
 Other Loans 51,111,950
 TOTAL LOANS 216,272,479
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,134,381
 Land And Building 9,220,974
 Other Fixed Assets 421,919
 NCUSIF Deposit 2,239,649
 All Other Assets 0
  TOTAL ASSETS 283,482,087
LIABILITIES & CAPITAL:  
 Dividends Payable 47
 Notes & Interest Payable 180,091
 Accounts Payable & Other Liabilities 1,613,412
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 126,569,646
 Regular shares 85,560,532
 All Other Shares & Deposits 35,689,867
  TOTAL SHARES & DEPOSITS 247,820,045
  TOTAL LIABILITIES 249,613,595
 Regular Reserve 0
 Other Reserves 1,250,847
 Undivided Earnings 32,617,645
  TOTAL EQUITY 33,868,492
  TOTAL LIABILITIES, SHARES, & EQUITY 283,482,087
INCOME & EXPENSE  
 Loan Income 9,683,688
 Investment Income 821,084
 Other Income 5,686,454
 Total Employee Compensation & Benefits 3,073,322
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,763,461
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 61,393
 Cost of Funds 4,669,304
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,629,674
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