Nizari Progressive Federal Credit Union

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A short history of Nizari Progressive FCU

Since its inception in 1989 the Nizari Progressive Federal Credit Union has been serving its members in the Sugar Land, Texas area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Shaukathussain Jaffer, the Nizari Progressive FCU has grown its membership to over 11,447 with assets of more than $139,198,438. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (281) 921-8520 or email them at info@nizaricu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Sugar Land, TX.

General Information For Nizari Progressive FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24384
Address 14090 SW Freeway Suite 260 
City Sugar Land 
State Texas 
Zip-Code 77478
Phone Number (281) 921-8520
Fax Number (281) 921-8555
Email Address: info@nizaricu.org
CEO/President Shaukathussain Jaffer
Members 11,447 
Full-Time Employees 36 
Part-Time Employees
Number of Branch Offices
Total Assets 139,198,438 
Website http://www.nizaricu.org 

Compare Nizari Progressive Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Schlumberger Employees CU SECU Main Branch 205 Industrial Blvd 77478 (281) 285-4551 No 1.35
Pioneer Mutual CU Pioneer Mutual Federal CU 1521 Lake Pointe Pkwy 77478 (281) 566-8000 No 1.96
Houston CU Southeast 12346 Gulf Fwy Ste B 77034 (713) 946-5828 No 2.27
National Oilwell Varco Employees CU PWC III 9724 Beechnut St 77036 (713) 634-3471 No 6.24
Memorial CU Southwest Branch 7789 Southwest Fwy ste 120 77074 (713) 778-4400 No 7.90

Nizari Progressive Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Nizari Progressive Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.99 2.21 3.42 4.14 N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 253 53 139 162 N/A
Rank Among All Texas Credit Unions 53 16 53 44 N/A

Nizari Progressive Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.70 N/A 1.53 0.70
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 48 N/A 88 199
Rank Among All Texas Credit Unions N/A 14 N/A 25 47
Nizari Progressive Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9905281,321,954
All Other Unsecured Loans/Lines of Credit 8.1201,63940,143,260
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.1705523,087,434
New Vehicle Loans 2.2102867,773,381
Used Vehicle Loans 3.42076510,776,542
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.14014940,620,187
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.9201584,536,433
TOTAL LOANS & LEASES 4,077108,259,191

Nizari Progressive Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 8321,637,86063,238,000
    b. 15 Years or less 427,786,98151,669,000
Balloon/Hybrid
    a. > 15 years 1582,85300
    b. 15 Years or less 105,580,52300
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 135,031,97061,869,422

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 14940,620,187176,776,422

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Nizari Progressive Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes