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 |
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 |
↑ Back to Top |