Dec, 31, 2022 — FIRST PACE CREDIT UNION is a federally insured state chartered credit union headquartered in WEST ST PAUL, MN with 1 branch location and about $11.04 million in total assets. Opened 60 years ago in 1963, FIRST PACE CREDIT UNION has about 1,015 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: | FIRST PACE CREDIT UNION |
|---|---|
| Address: (Main Office) | 161 Marie Ave E WEST ST PAUL, MN 55118-4004 |
| Phone: | (651) 451-8495 |
| Fax: | (651) 450-9978 |
| Website: | https://www.firstpacecu.com |
| Branches: | 1 branch locations |
| Members: | 1,015 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64089 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,044,445 |
| CEO/Manager: | Julia Havens |
| Chairperson: | Daniel Gerten |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 629,949 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 897,205 |
| Unsecured Loans | 457,511 |
| Other Loans | 4,628,013 |
| TOTAL LOANS | 5,982,729 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,685 |
| Land And Building | 0 |
| Other Fixed Assets | 193 |
| NCUSIF Deposit | 87,047 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,044,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,973 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 39,355 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 656,816 |
| Regular shares | 6,739,059 |
| All Other Shares & Deposits | 1,717,714 |
| TOTAL SHARES & DEPOSITS | 9,113,589 |
| TOTAL LIABILITIES | 9,154,917 |
| Regular Reserve | 0 |
| Other Reserves | 226,491 |
| Undivided Earnings | 1,663,037 |
| TOTAL EQUITY | 1,889,528 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,044,445 |
| INCOME & EXPENSE | |
| Loan Income | 220,102 |
| Investment Income | 31,792 |
| Other Income | 8,537 |
| Total Employee Compensation & Benefits | 154,739 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 136,341 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -842 |
| Cost of Funds | 14,697 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,495 |
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