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 |
| 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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