Dec, 31, 2020 — PACE FEDERAL CREDIT UNION is a federal credit union headquartered in Huntington, WV with 1 branch location and about $9.24 million in total assets. Opened 65 years ago in 1956, PACE FEDERAL CREDIT UNION has about 1,236 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 |
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Address: (Main Office) | 502 8th St Huntington, WV 25701 |
Phone: | (304) 399-5230 |
Fax: | (304) 399-5773 |
Website: | http://www.pacefederal.com |
Branches: | 1 branch locations |
Members: | 1,236 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11323 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,241,464 |
CEO/Manager: | Lisa Saunders |
Chairperson: | Stephen Harris |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,280,506 |
TOTAL INVESTMENTS | 2,355,705 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 998,703 |
Other Loans | 3,543,416 |
TOTAL LOANS | 4,542,119 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,045 |
Land And Building | 0 |
Other Fixed Assets | 398 |
NCUSIF Deposit | 60,773 |
All Other Assets | 12,008 |
TOTAL ASSETS | 9,241,464 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,516 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 38,575 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,399,217 |
Regular shares | 6,394,868 |
All Other Shares & Deposits | 260,000 |
TOTAL SHARES & DEPOSITS | 8,054,085 |
TOTAL LIABILITIES | 8,098,176 |
Regular Reserve | 492,622 |
Other Reserves | 0 |
Undivided Earnings | 650,666 |
TOTAL EQUITY | 1,143,288 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,241,464 |
INCOME & EXPENSE | |
Loan Income | 236,086 |
Investment Income | 21,298 |
Other Income | 52,612 |
Total Employee Compensation & Benefits | 149,841 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 137,634 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,800 |
Cost of Funds | 15,867 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,146 |
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