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PACE FEDERAL CREDIT UNION

Sep, 30, 2022 — PACE FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $9.89 million in total assets. Opened 67 years ago in 1956, PACE FEDERAL CREDIT UNION has about 1,098 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:PACE FEDERAL CREDIT UNION
Address:
(Main Office)
502 8th St
HUNTINGTON, WV 25701
Phone:(304) 399-5230
Fax:(304) 399-5773
Website:https://www.pacefederal.com
Branches:1 branch locations
Members:1,098
Credit Union Type:Federal Credit Union
Charter Number:11323
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1956
Last Audited:Feb 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$9,891,029
CEO/Manager:Lisa Saunders
Chairperson:Stephen Harris

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,419,445
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 959,032
 Other Loans 3,356,359
 TOTAL LOANS 4,315,391
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,612
 Land And Building 0
 Other Fixed Assets 5,021
 NCUSIF Deposit 89,444
 All Other Assets 0
  TOTAL ASSETS 9,891,029
LIABILITIES & CAPITAL:  
 Dividends Payable 6,749
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 80,678
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,199,848
 Regular shares 6,483,711
 All Other Shares & Deposits 1,049,853
  TOTAL SHARES & DEPOSITS 8,733,412
  TOTAL LIABILITIES 8,820,839
 Regular Reserve 0
 Other Reserves 492,622
 Undivided Earnings 577,568
  TOTAL EQUITY 1,070,190
  TOTAL LIABILITIES, SHARES, & EQUITY 9,891,029
INCOME & EXPENSE  
 Loan Income 155,690
 Investment Income 23,506
 Other Income 38,812
 Total Employee Compensation & Benefits 111,331
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 105,562
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 16,515
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -15,400
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