Credit union · NCUA insured
Nizari Credit Union
Top CarrotA $494M credit union headquartered in Sugar Land, TX, with 19,114 members and 6 branches in Texas. Best rates: CDs 4.30% and savings 2.27% APY.
Nizari Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 98% of U.S. banks and credit unions
#2 of 107 in Houston, TX metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Nizari Credit Union
Founded and chartered in 1989, Nizari Progressive Federal Credit Union is a member-owned federal credit union.
With locations in Sugar Land, Dallas, Austin, and San Antonio, it focuses on providing financial services to the Ismaili community.
- Headquarters
- 14090 Southwest Fwy Ste 260, Sugar Land, TX 77478-3678
- NCUA charter
- 24384
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Current employees of the credit union are eligible to apply for membership.
- Any person who is a Shia Imami Ismaili Muslim attending any Jamatkhana located in the United States of America is eligible to apply for membership.
Family and household
- Non-Ismaili spouses and children of eligible members are eligible to apply for membership.
Branches
6 branches in Texas
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Texas
6 branches
Houston area · 2
- Nizari Progressive Federal Credit UnionMain office14090 Southwest Fwy Ste 260, Sugar Land, TX 77478Directions
- Sugar Land11770 University Blvd, Sugar Land, TX 77478Directions
Austin area · 2
- Austin12730 Research Blvd, Austin, TX 78759Directions
- Austin South Branch8801 Research Blvd, Suite # 105, Austin, TX 78758Directions
Dallas area · 1
- Dallas Office3564 North Josey LN, Carrollton, TX 75007Directions
San Antonio area · 1
- San Antonio2415 E Evans Rd Ste 101, San Antonio, TX 78259Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.17% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.16% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.39% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $79 | $76 | — |
- CapitalNet worth ratio9.17%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.16%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.39%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$79Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Nizari Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.