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PACE FEDERAL CREDIT UNION

Dec, 31, 2021 — PACE FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $10.04 million in total assets. Opened 66 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:$10,035,316
CEO/Manager:Lisa Saunders
Chairperson:Stephen Harris

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,438,637
TOTAL INVESTMENTS 3,304,705
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 966,044
 Other Loans 3,261,319
 TOTAL LOANS 4,227,363
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,764
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 78,615
 All Other Assets 10,760
  TOTAL ASSETS 10,035,316
LIABILITIES & CAPITAL:  
 Dividends Payable 7,220
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 69,285
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,337,179
 Regular shares 6,958,917
 All Other Shares & Deposits 568,125
  TOTAL SHARES & DEPOSITS 8,864,221
  TOTAL LIABILITIES 8,940,726
 Regular Reserve 492,622
 Other Reserves 0
 Undivided Earnings 601,968
  TOTAL EQUITY 1,094,590
  TOTAL LIABILITIES, SHARES, & EQUITY 10,035,316
INCOME & EXPENSE  
 Loan Income 216,645
 Investment Income 47,169
 Other Income 60,356
 Total Employee Compensation & Benefits 167,292
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 188,705
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,700
 Cost of Funds 19,866
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -70,393
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