First Pace Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410874898 ✦ West st paul, MN ✦ Designated as a 501(c)(14)

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Overview

What is First Pace Credit Union?

First Pace Credit Union is a member-centric financial institution located at 161 Marie Avenue East, West St Paul, Minnesota 55118. With a commitment to offering competitive rates and reasonable terms, they provide a range of financial services including savings, loans, and more to their members. Their mission is rooted in the belief that members are their owners, and they strive to deliver services with a strong service-oriented focus. The organization is staffed by a modest team of three dedicated individuals.


Official website here: www.firstpacecu.com

Is First Pace Credit Union legitimate?

First Pace Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Pace Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $74,641
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,124

For more financial information, click here


Official website here: www.firstpacecu.com

What is the mission statement of First Pace Credit Union?

First Pace Credit Union is committed to providing its members with savings, loans, and other financial services at terms that exceed what's typically available in the market. This is done with a service-oriented approach, recognizing the members as the owners of the union. The credit union offers various financial products to its members at reasonable rates and competitive terms, emphasizing exceptional service.


Official website here: www.firstpacecu.com

Who is the CEO of First Pace Credit Union?

Jennifer Tiedman is the President of First Pace Credit Union.


Official website here: www.firstpacecu.com

What is the revenue of First Pace Credit Union?

First Pace Credit Union's revenue in 2022 was $388,101.


Official website here: www.firstpacecu.com

Who are the executives of First Pace Credit Union and what are their salaries?

The average compensation at First Pace Credit Union during 2022 was $49,922. There are 3 employees and 5 volunteers at First Pace Credit Union.


Here are 6 key members and their salaries:


Jennifer Tiedman (President)
  • Compensation: $65,188
  • Related: $0
  • Other: $3,231
Brian Ecker (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Popek (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Gerten (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Kobler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quinton Vorhies (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.firstpacecu.com

Where can I find the form 990 for First Pace Credit Union?

First Pace Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.firstpacecu.com

Learn more at the official website: www.firstpacecu.com

Mission Statement of First Pace Credit Union

First Pace Credit Union, as a financial institution, is committed to serving its members by offering savings, loans, and various other financial services. This organization sets itself apart by providing these services at terms that are more favorable than what is typically available in the marketplace. Moreover, First Pace Credit Union operates with a strong emphasis on service, recognizing its members as the true owners of the union. This service-oriented approach ensures that members receive personalized attention and fair deals, making their financial journey more manageable. The union's mission is to help its members in multiple ways, offering a range of products with reasonable terms and competitive rates.

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Impact




October, 2024

First Pace Credit Union significantly impacts its community by offering a range of financial services designed to meet the needs of its members. Located in West St. Paul, MN, it provides savings accounts, loans, and other essential financial products with terms that are generally more favorable than those found in the broader marketplace. This commitment to competitive rates and reasonable terms ensures that members can achieve their financial goals in a supportive environment. By recognizing members as "owners," the credit union emphasizes a service-based approach, fostering a sense of community and shared purpose. Ultimately, First Pace Credit Union enhances financial well-being for individuals and families, promoting public benefit in a meaningful way.




This information is meant to be a general summary of First Pace Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$388,101 (2022)
Expenses
$399,196 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $51,402
  • Program Service Revenue: $336,699
  • Gross Receipts: $388,101

Assets and Liabilities:

  • Total Assets: $11,002,655
  • Total Liabilities: $9,107,727
  • Net Assets: $1,894,928

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest Income

Revenue

$290,462

Fee Income

Revenue

$12,375

Other Income-Interchange

Revenue

$12,935

Other Income

Revenue

$7,608

Membership Capital recovered

Revenue

$13,319

Organization Details

Founding Year

1963

Principal Officer

Jennifer Tiedman

Main Address

161 Marie Avenue East, West St Paul, MN, 55118

NTEE Category

Code: W60 - Public benefit

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