Jun, 30, 2024 — PIONEER MUTUAL FEDERAL CREDIT UNION is a federal credit union headquartered in SUGAR LAND, TX with 3 branch locations and about $271.97 million in total assets. Opened 43 years ago in 1981, PIONEER MUTUAL FEDERAL CREDIT UNION has about 10,206 members and employs 47 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: | 10,206 |
| 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: | May 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $271,966,651 |
| CEO/Manager: | Shaukat Ali |
| Chairperson: | Shaheen N Momin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,692,224 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 96,531,115 |
| Unsecured Loans | 35,027,808 |
| Other Loans | 36,227,725 |
| TOTAL LOANS | 167,786,648 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,291,273 |
| Land And Building | 5,681,910 |
| Other Fixed Assets | 361,831 |
| NCUSIF Deposit | 1,884,748 |
| All Other Assets | 0 |
| TOTAL ASSETS | 271,966,651 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 169 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,550,704 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 126,742,153 |
| Regular shares | 80,933,350 |
| All Other Shares & Deposits | 31,917,492 |
| TOTAL SHARES & DEPOSITS | 239,592,995 |
| TOTAL LIABILITIES | 242,143,868 |
| Regular Reserve | 0 |
| Other Reserves | 1,250,847 |
| Undivided Earnings | 28,571,936 |
| TOTAL EQUITY | 29,822,783 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 271,966,651 |
| INCOME & EXPENSE | |
| Loan Income | 4,566,109 |
| Investment Income | 573,420 |
| Other Income | 3,658,761 |
| Total Employee Compensation & Benefits | 2,168,888 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,382,334 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 271,536 |
| Cost of Funds | 1,809,751 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,202,034 |
| ↑ Back to Top | |