2023-03-23T13:40:51-07:00 2022-12-31 990 2022-01-01 410874898 FIRST PACE CREDIT UNION FIRS 6514518495 161 Marie Avenue East West St Paul MN 55118 Jennifer Tiedman President 6514518495 2023-03-23 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Jennifer Tiedman 161 Marie Ave E West St Paul MN 55118 388101 0 X www.firstpacecu.com X 1963 MN Provide savings, loans and other financial services to members at terms generally better than available in the marketplace and with a "service-based emphasis" that recognizes the members as "owners." 5 5 3 5 1935 0 0 0 391672 336699 26543 51402 0 0 418215 388101 0 0 19734 19467 166426 178791 0 0 0 174793 200938 360953 399196 57262 -11095 10659155 11002655 8753132 9107727 1906023 1894928 Provide savings, loans and other financial services to members at terms generally better than available in the marketplace and with a "service-based emphasis" that recognizes the members as "owners." 0 0 Multiple products offered to help the member, with reasonable terms and competitive rates. Offer free checking accounts with a free VISA Debit Card to help members become financially responsible. Also free online/mobile banking with bill pay, remote deposit, Person to Person and Account to Account transfers between financial institutions. Also have free online statements. All services offered for free, to empower the member with tools for good money management. Competitive dividends paid on approximately 1395 share savings accounts, money market accounts, club accounts and term share certificates, to help our 1004 members save for the future. Free online and mobile banking and electronic statements for the members to help monitor their finances. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 236 0 3 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 0 0 1 0 1 0 0 X FIRST PACE Credit Union 6514518495 161 Marie Avenue East West St Paul MN 55118 Jennifer Tiedman President 33 0 X 65188 0 3231 Brian Ecker Chair 0.5 0 X 0 0 0 Mike Popek Board Member 0.5 0 X 0 0 0 Dan Gerten Vice Chair 0.5 0 X 0 0 0 Ray Kobler Secretary 0.5 0 X 0 0 0 Quinton Vorhies Treasurer 0.5 0 X 0 0 0 65188 0 3231 0 0 0 0 0 0 Interest Income 522291 290462 290462 0 0 Fee Income 522130 12375 12375 0 0 Other Income-Interchange 522130 12935 12935 0 0 Other Income 522130 7608 5673 1935 0 Membership Capital recovered 522130 13319 13319 0 0 0 0 0 0 336699 51402 0 0 51402 0 0 0 0 0 0 0 0 0 0 0 0 0 388101 334764 1935 51402 19467 74641 75124 5426 11491 12109 5063 107062 39457 20687 0 12377 643 11734 Provision for Loan Loss -2585 Dues 6500 399196 0 0 0 24308 19819 328246 66420 0 0 0 0 5886862 5733828 0 16844 13473 1930 1801 772 129 0 2598000 2848000 1606546 2097890 0 197577 223096 10659155 11002655 21111 13979 8732021 9093748 8753132 9107727 X 0 0 0 0 1906023 1894928 1906023 1894928 10659155 11002655 -11095 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1930 0 1801 129 0 0 0 0 129 2848000 C 0 2848000 Deposits at Corporate Credit Unions 1954344 C Capital at Corporate Credit Unions 41795 C Deposits in credit unions 101751 C 2097890 0 Regular Shares 7548605 Share Drafts 589563 Term Share Certificates 955580 9093748 Form 990, Part VI, Section A, Line 6 Form 990, Part VI, Section A, Line 6 - Comprised of USW Union members and their family members of approximately 1004 member owners, each having equal rights in ownership. The credit union has one class of members. Form 990, Part VI, Section A, Line 7a Form 990, Part VI, Section A, Line 7a - Current member owners of FIRST PACE Credit Union are each allowed one vote to elect the members of the Board of Directors. Form 990, Part VI, Section A, Line 7b Form 990, Part VI, Section A, Line 7b - Changes to the Bylaws must be approved by the member owners, after they have been approved by the Board of Directors and the regulatory agency. Any amendments to the certificate of organization or bylaws shall be approved by two-thirds of the vote of the members actually voting, provided the members actually voting constitute a quorum. Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - Review of Form 990 is done by the Supervisory Committee Form 990, Part VI, Section B, Line 15 Form 990, Part VI, Section B, Line 15 - The Presidents salary is based on comparable sized credit unions through use of CUNA's Annual Compensation Survey results. The process is done by the Salary Review Committee, made up of the Board of Directors and was approved at their meeting in December. Form 990, Part VI, Section C, Line 19 Form 990, Part VI, Section C, Line 19 - Financial Statements are posted in the lobby or they can be reviewed by appointment at the credit union office.