Civic Intelligence

First Pace Credit Union

990 • Fiscal year 2020 • EIN 41-0874898

Jan 01, 2020 to Dec 31, 2020 • Filed on May 05, 2021

161 Marie Avenue EastWest St Paul, MN 55118

(651) 451-8495

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.81x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

42nd percentile

19.15x

Higher debt load relative to revenue than 42% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Net Margin

54th percentile

8.1%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

76th percentile

$67,371

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Asset Growth

59th percentile

9.9%

Faster asset growth than 59% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

-0.3%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$9,551,599

Up $857,365 (+9.9%) from 2019

Net Assets

Up

$1,848,761

Up $32,622 (+1.8%) from 2019

Liabilities

Up

$7,702,838

Up $824,743 (+12%) from 2019

Revenue

Down

$402,201

Down $1,371 (-0.3%) from 2019

Expenses

Up

$369,579

Up $13,734 (+3.9%) from 2019

Net Income

Down

$32,622

Down $15,105 (-32%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $7,029,208Liabilities 2010: $5,533,597Net Assets 2010: $1,495,6112010Assets 2011: $7,371,889Liabilities 2011: $5,841,197Net Assets 2011: $1,530,6922011Assets 2012: $7,754,700Liabilities 2012: $6,176,125Net Assets 2012: $1,578,5752012Assets 2013: $7,918,690Liabilities 2013: $6,296,366Net Assets 2013: $1,622,3242013Assets 2014: $8,578,698Liabilities 2014: $6,883,309Net Assets 2014: $1,695,3892014Assets 2015: $9,036,568Liabilities 2015: $7,308,337Net Assets 2015: $1,728,2312015Assets 2016: $8,761,101Liabilities 2016: $7,041,387Net Assets 2016: $1,719,7142016Assets 2017: $8,887,980Liabilities 2017: $7,154,694Net Assets 2017: $1,733,2862017Assets 2018: $8,796,683Liabilities 2018: $7,028,271Net Assets 2018: $1,768,4122018Assets 2019: $8,694,234Liabilities 2019: $6,878,095Net Assets 2019: $1,816,1392019Assets 2020: $9,551,599Liabilities 2020: $7,702,838Net Assets 2020: $1,848,7612020Assets 2021: $10,659,155Liabilities 2021: $8,753,132Net Assets 2021: $1,906,0232021Assets 2022: $11,002,655Liabilities 2022: $9,107,727Net Assets 2022: $1,894,9282022Assets 2023: $9,529,737Liabilities 2023: $7,714,278Net Assets 2023: $1,815,4592023Assets 2024: $9,183,725Liabilities 2024: $7,422,413Net Assets 2024: $1,761,3122024

Highlighted filing

2020

Assets$9,551,599
Liabilities$7,702,838
Net Assets$1,848,761

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $397,2022010Expenses 2011: $339,6542011Expenses 2012: $309,7572012Revenue 2013: $341,837Expenses 2013: $298,074Net Income 2013: $43,7632013Revenue 2014: $355,271Expenses 2014: $282,203Net Income 2014: $73,0682014Revenue 2015: $358,360Expenses 2015: $325,508Net Income 2015: $32,8522015Revenue 2016: $353,894Expenses 2016: $362,403Net Income 2016: -$8,5092016Revenue 2017: $337,549Expenses 2017: $324,011Net Income 2017: $13,5382017Revenue 2018: $381,554Expenses 2018: $346,428Net Income 2018: $35,1262018Revenue 2019: $403,572Expenses 2019: $355,845Net Income 2019: $47,7272019Revenue 2020: $402,201Expenses 2020: $369,579Net Income 2020: $32,6222020Revenue 2021: $418,215Expenses 2021: $360,953Net Income 2021: $57,2622021Revenue 2022: $388,101Expenses 2022: $399,196Net Income 2022: -$11,0952022Revenue 2023: $398,551Expenses 2023: $478,020Net Income 2023: -$79,4692023Revenue 2024: $436,331Expenses 2024: $490,478Net Income 2024: -$54,1472024

Highlighted filing

2020

Revenue$402,201
Expenses$369,579
Net Income$32,622
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 5, 2021
Return Version
2020v4.0
Gross Receipts
$402,201
Mission and Program Overview

Mission

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."

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,963,733$6,388,508▼ $575,225
Rtn Earn Endowment Incm Other Fnds$1,816,139$1,848,761▲ $32,622
Investments Other Securities$948,000$1,425,000▲ $477,000
Investments Program Related$352,690$1,261,358▲ $908,668
Savings and Temporary Cash Investments$196,723$243,290▲ $46,567
Cash and Non-Interest-Bearing Accounts$22,022$19,991▼ $2,031
Prepaid Expenses and Deferred Charges$6,042$19,794▲ $13,752
Land, Buildings, and Equipment, Net$14,250$6,371▼ $7,879
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,694,234$9,551,599▲ $857,365
Other Assets Total$190,774$187,287▼ $3,487
Liabilities
Other Liabilities$6,856,475$7,682,667▲ $826,192
Accounts Payable and Accrued Expenses$21,620$20,171▼ $1,449
Total Liabilities$6,878,095$7,702,838▲ $824,743
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,816,139$1,848,761▲ $32,622
Total Liabilities and Net Assets / Fund Balance$8,694,234$9,551,599▲ $857,365

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$100,374--
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$6,371$23,420$0
Leasehold Improvements$0$0$0
Other Securities$1,425,000--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer TiedmanPresidentPT$64,163$3,208$67,371

Board Members and Trustees

NameTitle
Kevin HoeschenChair
Brian EckerVice-Chair
Dan GertenBoard Member
Deborah SpiessSecretary
Quinton VorhiesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$378,800
Investment Income
$23,401
Other Revenue
$0
Change in Net Assets
$32,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,857
Salaries, Compensation, and Employee Benefits$158,741
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$72,685
Other Salaries and Wages---$70,865
Current Officers, Directors, Trustees, and Key Employees---$68,829
Information Technology---$35,268
Benefits to Members---$31,981
Occupancy---$19,792
Depreciation Depletion---$12,821
Insurance---$11,605
Payroll Taxes---$10,655
Conferences and Meetings---$9,743
Other Expenses---$5,908
Other Employee Benefits---$5,409
Advertising---$4,264
Pension Plan Contributions---$2,983
Total Functional Expenses$0$0$0$369,579
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$6,195,367
Term Share Certificates$948,869
Share Drafts$538,431
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Comprised of USW Union members and their family members of approximately 1049 member owners, each having equal rights in ownership. The credit union has one class of members.

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

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

Review of Form 990 is done by the Supervisory Committee.

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 December 16th 2019.

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.

Filing and Contact Details

Filer

Filer Name
First Pace Credit Union
EIN
41-0874898
Phone
6514518495
Address
161 Marie Avenue East, West St Paul, MN 55118

Signing Officer

Name
Jennifer Tiedman
Title
President
Phone
6514518495
Signed
2021-05-05

Organization Details

Principal Officer
Jennifer Tiedman
Formed
1963
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
8
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Implemented Mobile bill pay, e-bill pay, Person to Person (P2P) and Account to Account (A2A - with other financial institutions)

Raw XML AppendixShowing 400 of 402 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt021620
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt020171
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Provide 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."
IRS990/AdvertisingGrp/TotalAmt04264
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt031981
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FIRST PACE Credit Union
IRS990/BooksInCareOfDetail/PhoneNum06514518495
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0161 Marie Avenue East
IRS990/BooksInCareOfDetail/USAddress/CityNm0West St Paul
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055118
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt022022
IRS990/CashNonInterestBearingGrp/EOYAmt019991
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt068829
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt09743
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt031981
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt023401
IRS990/CYOtherExpensesAmt0178857
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0378800
IRS990/CYRevenuesLessExpensesAmt032622
IRS990/CYSalariesCompEmpBnftPaidAmt0158741
IRS990/CYTotalExpensesAmt0369579
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0402201
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt012821
IRS990/Desc0Multiple products offered to help the member, with reasonable terms and competitive rates.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt033
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.5
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt03208
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Jennifer Tiedman
IRS990/Form990PartVIISectionAGrp/PersonNm1Kevin Hoeschen
IRS990/Form990PartVIISectionAGrp/PersonNm2Deborah Spiess
IRS990/Form990PartVIISectionAGrp/PersonNm3Dan Gerten
IRS990/Form990PartVIISectionAGrp/PersonNm4Brian Ecker
IRS990/Form990PartVIISectionAGrp/PersonNm5Quinton Vorhies
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt064163
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0402201
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt035268
IRS990/InsuranceGrp/TotalAmt011605
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt023401
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023401
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0948000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01425000
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0352690
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01261358
IRS990/IRPDocumentCnt0328
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023420
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014250
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06371
IRS990/LandBldgEquipCostOrOtherBssAmt029791
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Provide 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."
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01816139
IRS990/NetAssetsOrFundBalancesEOYAmt01848761
IRS990/NetUnrelatedBusTxblIncmAmt0-47343
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt019792
IRS990/OfficeExpensesGrp/TotalAmt072685
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0190774
IRS990/OtherAssetsTotalGrp/EOYAmt0187287
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05409
IRS990/OtherExpensesGrp/Desc0Provision for Loan Loan
IRS990/OtherExpensesGrp/Desc1Dues
IRS990/OtherExpensesGrp/TotalAmt06771
IRS990/OtherExpensesGrp/TotalAmt15908
IRS990/OtherLiabilitiesGrp/BOYAmt06856475
IRS990/OtherLiabilitiesGrp/EOYAmt07682667
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt070865
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06963733
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06388508
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt010655
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt02983
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06042
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019794
IRS990/PrincipalOfficerNm0Jennifer Tiedman
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest Income
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc3Misc. Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0333444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115128
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212464
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt315870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0333444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115128
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt317764
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt31894
IRS990/ProgSrvcAccomActy2Grp/Desc0Offer 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.
IRS990/ProgSrvcAccomActy3Grp/Desc0Competitive dividends paid on approximately 1427 share savings accounts, money market accounts, club accounts and term share certificates, to help our 1049 members save for the future. Free online and mobile banking and electronic statements for the members to help monitor their finances.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt031899
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt038335
IRS990/PYOtherExpensesAmt0176317
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0365237
IRS990/PYRevenuesLessExpensesAmt047727
IRS990/PYSalariesCompEmpBnftPaidAmt0147629
IRS990/PYTotalExpensesAmt0355845
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0403572
IRS990/ReconcilationRevenueExpnssAmt032622
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01816139
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01848761
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0196723
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0243290
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt06371
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023420
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt029791
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01119189
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt141795
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2100374
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Deposits in Corporate Credit Unions
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Capital at Corporate Credit Unions
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Deposits in Credit Unions
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06195367
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1538431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2948869
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Regular Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Share Drafts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Term Share Certificates
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01425000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Securities-Held to Maturity
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06371
IRS990ScheduleD/TotalBookValueProgramRltdAmt01261358
IRS990ScheduleD/TotalBookValueSecuritiesAmt01425000
IRS990ScheduleD/TotalLiabilityAmt07682667
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Implemented Mobile bill pay, e-bill pay, Person to Person (P2P) and Account to Account (A2A - with other financial institutions)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Comprised of USW Union members and their family members of approximately 1049 member owners, each having equal rights in ownership. The credit union has one class of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Current member owners of FIRST PACE credit Union are each allowed one vote to elect the members of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Changes 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Review of Form 990 is done by the Supervisory Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 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 December 16th 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Financial Statements are posted in the lobby or they can be reviewed by appointment at the credit union office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08694234
IRS990/TotalAssetsEOYAmt09551599
IRS990/TotalAssetsGrp/BOYAmt08694234
IRS990/TotalAssetsGrp/EOYAmt09551599
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0369579
IRS990/TotalGrossUBIAmt01894
IRS990/TotalLiabilitiesBOYAmt06878095
IRS990/TotalLiabilitiesEOYAmt07702838
IRS990/TotalLiabilitiesGrp/BOYAmt06878095
IRS990/TotalLiabilitiesGrp/EOYAmt07702838
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01816139
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01848761
IRS990/TotalOtherCompensationAmt03208
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0378800
IRS990/TotalReportableCompFromOrgAmt064163
IRS990/TotalRevenueGrp/ExclusionAmt023401
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0376906
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0402201
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01894
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08694234
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09551599
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0161 Marie Avenue East
IRS990/USAddress/CityNm0West St Paul
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055118
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.firstpacecu.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer Tiedman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06514518495
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST PACE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0410874898
ReturnHeader/Filer/PhoneNum06514518495
ReturnHeader/Filer/USAddress/AddressLine1Txt0161 Marie Avenue East
ReturnHeader/Filer/USAddress/CityNm0West St Paul
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055118
ReturnHeader/ReturnTs02021-05-05T16:25:55-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.18$7.42$1.76$0.44$0.49$0.05
2023Detailed filing. Detailed filing data is available for this year.$9.53$7.71$1.82$0.40$0.48$0.08
2022Detailed filing. Detailed filing data is available for this year.$11.0$9.11$1.89$0.39$0.40$0.01
2021Detailed filing. Detailed filing data is available for this year.$10.7$8.75$1.91$0.42$0.36$0.06
2020Detailed filing. Detailed filing data is available for this year.$9.55$7.70$1.85$0.40$0.37$0.03
2019Detailed filing. Detailed filing data is available for this year.$8.69$6.88$1.82$0.40$0.36$0.05
2018Detailed filing. Detailed filing data is available for this year.$8.80$7.03$1.77$0.38$0.35$0.04
2017Detailed filing. Detailed filing data is available for this year.$8.89$7.15$1.73$0.34$0.32$0.01
2016Detailed filing. Detailed filing data is available for this year.$8.76$7.04$1.72$0.35$0.36$0.01
2015Detailed filing. Detailed filing data is available for this year.$9.04$7.31$1.73$0.36$0.33$0.03
2014Detailed filing. Detailed filing data is available for this year.$8.58$6.88$1.70$0.36$0.28$0.07
2013Detailed filing. Detailed filing data is available for this year.$7.92$6.30$1.62$0.34$0.30$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.75$6.18$1.58$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.37$5.84$1.53$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.03$5.53$1.50$0.40