Dec, 31, 2023 — PACE FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $9.99 million in total assets. Opened 68 years ago in 1956, PACE FEDERAL CREDIT UNION has about 1,200 members 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: | 1,200 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11323 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,989,168 |
| CEO/Manager: | Lisa Saunders |
| Chairperson: | Angela D McClellan-Perry |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,047,870 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,038,640 |
| Other Loans | 4,731,685 |
| TOTAL LOANS | 5,770,325 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,020 |
| Land And Building | 0 |
| Other Fixed Assets | 2,929 |
| NCUSIF Deposit | 89,382 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,989,168 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,868 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 345,967 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,672,972 |
| Regular shares | 6,443,599 |
| All Other Shares & Deposits | 450,368 |
| TOTAL SHARES & DEPOSITS | 8,566,939 |
| TOTAL LIABILITIES | 8,919,774 |
| Regular Reserve | 0 |
| Other Reserves | 492,622 |
| Undivided Earnings | 576,772 |
| TOTAL EQUITY | 1,069,394 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,989,168 |
| INCOME & EXPENSE | |
| Loan Income | 220,257 |
| Investment Income | 137,242 |
| Other Income | 35,818 |
| Total Employee Compensation & Benefits | 142,707 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 214,658 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 19,830 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,122 |
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