Sep, 30, 2025 — PIONEER MUTUAL FEDERAL CREDIT UNION is a federal credit union headquartered in SUGAR LAND, TX with 3 branch locations and about $346.83 million in total assets. Opened 45 years ago in 1981, PIONEER MUTUAL FEDERAL CREDIT UNION has about 11,754 members and employs 52 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: | 11,754 |
| 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, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $346,832,221 |
| CEO/Manager: | Faheem N Prasla |
| Chairperson: | Shaheen N Momin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 103,870,349 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 119,016,359 |
| Unsecured Loans | 43,948,529 |
| Other Loans | 46,964,377 |
| TOTAL LOANS | 209,929,266 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,096,436 |
| Land And Building | 11,789,993 |
| Other Fixed Assets | 257,628 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,444,723 |
| All Other Assets | 0 |
| TOTAL ASSETS | 346,832,221 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,256 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,612,472 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 144,838,582 |
| Regular shares | 101,686,737 |
| All Other Shares & Deposits | 58,125,118 |
| TOTAL SHARES & DEPOSITS | 304,650,437 |
| TOTAL LIABILITIES | 306,264,165 |
| Regular Reserve | 0 |
| Other Reserves | 1,250,847 |
| Undivided Earnings | 39,317,209 |
| TOTAL EQUITY | 40,568,056 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 346,832,221 |
| INCOME & EXPENSE | |
| Loan Income | 8,221,867 |
| Investment Income | 1,753,192 |
| Other Income | 3,768,082 |
| Total Employee Compensation & Benefits | 2,700,048 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,654,108 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 569,001 |
| Cost of Funds | 3,969,518 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,859,614 |
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