About Nizari Progressive Federal Credit Union

Quick Facts

  • Nizari is a Federal Credit Union
  • Its charter was granted in July 1989
  • Its normal functioning began from January 1990
  • Any person who is a Shia Imami Ismaili Muslim attending any of the Jamatkhanas located in the United States of America can apply to become a member of our credit union. Non Ismaili spouses, children, and current employees of the credit union are also eligible to apply to become members
  • It is regulated and supervised by the National Credit Union Administration and periodically examined by them
  • Members' funds in Nizari are insured up to at least $ 250,000 by National Credit Union Share Insurance Fund
  • Members: 11,954
  • Assets: $151.28 million
  • Shares: $124.78 million
  • Outstanding Loans: $115.60 million
  • Equity: $19.95 million
  • Last Dividend Paid: 1.0038% APY for balances $100,000 & under and 1.1045% APY for balances $100,000.01 & over
  • Offices currently in Houston, Dallas, and Austin.

Updated as of March 31, 2018

Copyright © 2015 Nizari Progressive Federal Credit Union

"APY" refers to Annual Percentage Yield
"APR" refers to Annual Percentage Rate

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