Dec, 31, 2023 — FIRST PACE CREDIT UNION is a federally insured state chartered credit union headquartered in WEST ST PAUL, MN with 1 branch location and about $9.53 million in total assets. Opened 61 years ago in 1963, FIRST PACE CREDIT UNION has about 967 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST PACE CREDIT UNION |
---|---|
Address: (Main Office) | 161 Marie Ave E WEST ST PAUL, MN 55118-4004 |
Phone: | (651) 451-8495 |
Fax: | (651) 450-9978 |
Website: | https://www.firstpacecu.com |
Branches: | 1 branch locations |
Members: | 967 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64089 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,530,054 |
CEO/Manager: | Chris Lamminen |
Chairperson: | Daniel Gerten |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 145,661 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,092,304 |
Unsecured Loans | 430,474 |
Other Loans | 4,580,924 |
TOTAL LOANS | 6,103,702 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,472 |
Land And Building | 0 |
Other Fixed Assets | 723 |
NCUSIF Deposit | 90,289 |
All Other Assets | 0 |
TOTAL ASSETS | 9,530,054 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 46 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 61,656 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 716,834 |
Regular shares | 5,036,161 |
All Other Shares & Deposits | 1,899,898 |
TOTAL SHARES & DEPOSITS | 7,652,893 |
TOTAL LIABILITIES | 7,714,595 |
Regular Reserve | 0 |
Other Reserves | 226,491 |
Undivided Earnings | 1,588,968 |
TOTAL EQUITY | 1,815,459 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,530,054 |
INCOME & EXPENSE | |
Loan Income | 292,903 |
Investment Income | 73,999 |
Other Income | 12,710 |
Total Employee Compensation & Benefits | 206,822 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 229,844 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 40,990 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -79,104 |
↑ Back to Top |