EIN 41-0874898

FIRST PACE Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
4
Year formed
1963
Most recent tax filings
2023-12-01
Description
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.".
Related structure
FIRST PACE Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$398,551
2023
Total expenses
$478,020
2023
Total assets
$9,529,737
2023
Num. employees
4
2023

Program areas at FIRST PACE Credit Union

Multiple products offered to help the member, with reasonable terms and competitive rates.
Competitive dividends paid on approximately 1393 share savings accounts, money market accounts, club accounts and term share certificates, to help our 972 members save for the future. Free online and mobile banking and electronic statements for the members to help monitor their finances.
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.

Personnel at FIRST PACE Credit Union

NameTitle
Christopher LamminenPresident

Financials for FIRST PACE Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$324,551
Investment income and dividends$74,000
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$398,551

Form 990s for FIRST PACE Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-07990View PDF
2022-122023-03-23990View PDF
2021-122022-04-19990View PDF
2020-122021-06-30990View PDF
2019-122021-06-07990View PDF
...and 12 more Form 990s

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Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 2 new personnel
October 18, 2021
Posted financials
Added Form 990 for fiscal year 2020
October 2, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
161 Marie Ave East
West Saint Paul, MN 55118
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Dakota County, MN
Website URL
firstpacecu.com/ 
Phone
(651) 451-8495
IRS details
EIN
41-0874898
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1963
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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