About Nizari

We do more than conduct business. We work closely with National Economic Planning Board, National Alliance of Financial Services, local councils and boards, and other sister institutions to provide financial services to our community; in addition to sponsoring many community events and programs.

Nizari PFCU is a member-owned financial institution founded in 1989 with over $448 million in assets today. We have locations in Sugar Land, Dallas, Austin, and San Antonio we serve members throughout the United States of America through more than 5,000 Shared Branches as well as online services.

Over 18,000 members have discovered the advantages of banking with Nizari.

Competitive rates on a variety of savings & loans
Committed staff at your service
By joining Nizari PFCU, not only do you benefit, but you’re also contributing towards the growth of your community’s financial institution.

Our Vision: Nizari PFCU envisions being the preferred financial institution of the Ismaili community.

Our Mission: To be a member-focused financial institution committed to providing a wide array of quality financial services to its members. To collaborate with community institutions and support the well-being of our Jamat.

Our Shared Values: Integrity, Knowledge, Collaborations, and Respect.

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.

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 the National Credit Union Share Insurance Fund
Members: 18,760
Assets: $488.11 million
Members’ Shares: $421.54 million

Outstanding Loans: $328.18 million
Net Worth: $42.83 million
Last Dividend Paid: 0.2502% APY for balances $100,000 & under and 0.3003% APY for balances $100,000.01 & over
Offices currently located in Houston, Dallas, Austin, and San Antonio.
We serve Members not just in Texas, but also throughout the United States of America.

Updated as of December 31, 2025

Testimonials

As a first time small business owner, Nizari saw the potential in my business and gave me the opportunity to bring my vision to life. Glenn, Prachi, and Asif were instrumental in making the SBA loan process as easy and seamless as possible. They were communicative and transparent which I appreciated. It truly felt like they were invested in helping me and my company succeed. I'm happy to have partnered with Nizari as I launch my business.

Sophia Ali
Tahira Prasla was amazing in helping me with my loan application! She made the whole process so smooth and easy. I really appreciated how quickly she responded to my emails and calls. Thank you, Tahira!

ALI SHAN Nizari PFCU Member

I really appreciate the great service at Nizari PFCU Austin Branch. They are the most welcoming and friendly people. They always help over and beyond someone can expect. If I have questions I always bother them by calling and they always answer my questions. Beside the service they always offer snacks. I love this family friendly service. I can't ask for better then this.

Shah Jahan

I am immensely grateful to Naureen Gilleni for her exceptional support, guidance, and unwavering dedication throughout my journey with Nizari Bank. From the very beginning, she went above and beyond to ensure the loan process was seamless and stress-free. Her expertise and genuine care for my situation stood out, and with her help, I was able to secure the loan I needed to purchase a car—an essential step in launching my professional career. Naureen’s kindness, professionalism, and ability to make a complex process feel effortless are truly remarkable. She not only helped me achieve a significant milestone but also made me feel supported and valued every step of the way. I cannot thank her enough for the positive impact she has had on my life and career.

Sahil Hudda

I would like to recognize Subia Virani for the fantastic work she’s doing with her reviews. Her attention to detail, dedication, and professionalism truly stand out. She’s doing an amazing job, and her contributions make a positive impact. Keep up the great work, Subia !

Al Nawa Suhani

Tahira Prasla was very helpful in helping me get a loan. She worked quickly and diligently to make sure I received the best possible rates for my financial needs. I am very pleased with the customer service I received and will continue to bank with Nizari Progressive Federal Credit Union!

Neha Daredia

I am giving feedback on Nizari Dallas associate Subia Virani. She was my service advisor twice in last 2 weeks. I found her very courteous and helpful. She not only served me on my request for opening new CDs, but she also went extra miles in suggesting additional actions like having nomination on the account etc. She was fast in taking care of my banking needs. Her approach to the customer care impressed me for getting more business to Nizari. Keep it up Subia!!!

Mohammad Iqbal

Great and professional response from Aasma Naveed I am extremely pleased with her professionalism and timely communication throughout the loan process.

Anwar Ali Nizari PFCU Member
Thank you Serena Virani, exceptional work! Went above and beyond to help me with my needs Can’t thank enough.

Ruslan Qurbonbekov

My first experience with Nizari PFCU and especially Narmeen has been phenomenal. Narmeen was always available to answer every single of my question within minutes and her support made the process of getting approved for an auto loan super smooth. All information provided was in detail and all options for the loan were laid out in detail. I would absolutely recommend Nizari - their service is top notch and their rates are super competitive.

Rafiq Lightwala

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.
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: 17,724
Assets: $380.54 million
Members’ Shares: $309.50 million
Outstanding Loans: $275.19 million
Net Worth: $34.75 million
Last Dividend Paid: 0.2502% APY for balances $100,000 & under and 0.3003% APY for balances $100,000.01 & over
Offices currently located in Houston, Dallas, Austin, and San Antonio .
We serve Members not just in Texas, but also throughout the United States of America.