Question 1

What is PACE Federal Credit Union?

Accepted Answer

PACE Federal Credit Union is a federally chartered credit union serving employees of the U.S. Army Corps of Engineers, Huntington District, and their families in Huntington, West Virginia. With approximately 1,200 members and over $8.7 million in total assets, this federal government-focused credit union provides financial services to civilian employees working for the Corps of Engineers. PACE is an acronym for "Personnel, Army, Corps of Engineers," reflecting its specialized membership base. The credit union operates from the Corps of Engineers building on 8th Street in downtown Huntington.

Question 2

When was PACE Federal Credit Union founded?

Accepted Answer

PACE Federal Credit Union was chartered on October 14, 1956, to serve employees of the U.S. Army, Huntington District, Corps of Engineers. The credit union was established during the post-World War II era when the Corps of Engineers played a vital role in infrastructure development, flood control, and navigation projects throughout the region. Over nearly seven decades, the credit union has served generations of federal civil service employees and their families, providing stable financial services to the Corps of Engineers workforce.

Question 3

Where is PACE Federal Credit Union headquartered?

Accepted Answer

The credit union is headquartered at 502 8th Street, Suite 104, in Huntington, West Virginia. This location is within the U.S. Army Corps of Engineers building in downtown Huntington. Huntington is located in Cabell County in southwestern West Virginia, situated along the Ohio River at the border with Ohio and Kentucky. The city serves as a regional hub for federal government operations in the tri-state area.

Question 4

Where does PACE Federal Credit Union operate?

Accepted Answer

PACE Federal Credit Union serves employees of the U.S. Army Corps of Engineers, Huntington District, throughout the region. Over the years, the field of membership has expanded to include employees' spouses, children, and any family member by blood or marriage. The Huntington District of the Corps of Engineers oversees water resource projects across portions of West Virginia, Kentucky, Ohio, and Virginia, so members may be located throughout this service area while maintaining their credit union membership.

Question 5

What services does PACE Federal Credit Union offer?

Accepted Answer

The credit union provides comprehensive financial services including share savings accounts, checking accounts, and various loan products designed for federal employees. Members have access to consumer loans, auto loans, mortgage products, and personal loans with competitive rates. As a member-owned cooperative, PACE FCU emphasizes high-quality, low-cost financial services. The credit union operates under the governance of a member-elected Board of Directors and maintains rigorous oversight through a three-member Supervisory Committee, with annual external audits conducted by the West Virginia Credit Union League Services and the National Credit Union Administration.

Question 6

What makes PACE Federal Credit Union unique?

Accepted Answer

PACE Federal Credit Union's exclusive focus on serving U.S. Army Corps of Engineers employees creates a specialized membership united by federal civil service employment. The credit union understands the unique financial needs of government employees, including steady employment, federal benefits coordination, and retirement planning considerations. With a moderate loan-to-share ratio of approximately 66%, the credit union balances member lending with prudent financial management. The credit union's location within the Corps of Engineers building provides exceptional convenience for employees to conduct banking during work hours. PACE FCU operates under the traditional credit union philosophy of "people helping people," with democratic member ownership and volunteer leadership.

Question 7

What type of financial institution is PACE Federal Credit Union?

Accepted Answer

PACE Federal Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a member-owned, not-for-profit financial cooperative, it operates exclusively for the benefit of its members in accordance with applicable federal laws and regulations. Members join together to build long-term financial stability through collective ownership, with each member having equal voting rights regardless of account balance. All deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund, backed by the full faith and credit of the United States government.

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About PACE Federal Credit Union in the United States