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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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