Durham Educational Employees and PACE Join Forces

December 13, 2016

The Board of Directors of Durham Educational Employees Credit Union Limited and PACE Savings and Credit Union Limited are pleased to announce that they have signed a Letter of Intent to bring the two companies together by way of an asset purchase agreement. When the transaction is completed, the merged company will operate under the PACE brand, but with the local recognition for the Durham Educational brand and personality.

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All Trans Membership Votes In Favor of Joining PACE.

October 13, 2016 – All Trans Financial Services Credit Union’s members voted overwhelmingly in favor of an asset purchase transaction that would see them become part of PACE Savings and Credit Union Limited later this month.

The transaction has received regulatory approval and is expected to close on October 31, 2016.

All Trans CEO Mike Alexander commented “We’re very confident that joining forces with PACE represents opportunity for both our members and staff. Our members will certainly benefit from the wider range of products and services offered through PACE. For our staff, PACE gives them the chance to advance their careers. It’s a very exciting time for us.”

When the transaction is completed, PACE will operate in 17 locations throughout Ontario, employ 164 staff, and serve over 38,000 members who hold $888 million in assets under administration.

“We’ve always felt that All Trans had a good core credit union business with some really unique opportunities, especially in the payments business. With the additional scale and resources that PACE can bring, it can only enhance what Mike Alexander and his team has built up over the years” said PACE CEO Phillip Smith.

About All Trans Financial Services Credit Union

Founded in 1939, All Trans services their 6,500 members in London and Toronto through a network of three branches, two mobile bankers and an on line member portal. Their sponsoring companies include the Toronto Transit Commission, London Transit Commission, Air Canada, CN Rail, CP Rail, Greyhound Bus Lines and Via Rail. Members of the Plumbers and Steam fitters union plus the Glassworkers union are also eligible for membership.

About PACE Savings and Credit Union Ltd.

PACE Credit Union’s Ontario roots trace back over 60 years including the membership of Farmunited Co-op, the first credit union incorporated under the new Credit Union Act of 1940. Over the decades, PACE has grown, meeting their members’ and community’s financial needs. Headquartered in Vaughan, Ontario, PACE serves its 32,000 members holding over $851 million in assets under administration through 14 locations. To find out more about cooperative banking, visit pacecu.ca, follow @PACECU on Twitter, or find us on Facebook.For more information contact:

Dan Coldwell
Chief Marketing and Community Relations Officer
PACE Credit Union
8111 Jane Street, Vaughan, Ontario, L4k 4L7

Shelburne Branch Ice Cream Eating Contest!

On Saturday June 15th our Shelburne Branch held their annual Ice Cream Eating Contest at the Shelburne Street Carnival. This year there were 60 contestants from age 1 to 14. Each contestant was awarded with a Piggy Bank for participating.  Our top three were given cash awards and our overall winner also received a medallion and the title of Champion!

Thank you to our staff at our Shelburne branch for all of your hard work scooping ice cream. It wouldn’t have been as successful without Rick, Amy, Lone, Vanessa and our two high school volunteers, thank you all!!!

Inaugural I Run & Rock Event Huge Success!

On June 1st PACE sponsored the i Run & Rock 1, 5 and 10km run which took place in Newmarket, Ontario. In addition to the run, there was a concert featuring Canadian artists Glass Tiger.

The event was to recognize first responders in the Police, Fire, EMS and Military services and their struggles with Post Traumatic Stress Disorder.

The idea spawned from local MPP Frank Klees` proposed Bill 123, First Responders Day Act which would see May 1st as a day that first responders would be officially recognized for the vital role they play in our communities.

i Run & Rock was organized by the tireless efforts of Nicole Taylor and Dr. Lisa Hutchison, both of Southlake Regional Heath Centre. PACE Vice President Dan Coldwell said “Our community is very lucky to have people like Frank, Nicole and Lisa. By their actions, they obviously care about people, the community in which we live and most certainly the community of first responders. When we were approached to support this event, it was a very natural fit because PACE has the same values.”

Mike Richards of TSN Radio was the event’s Master of Ceremonies.

The day started with runs of 1, 5 and 10km’s through the neighborhood surrounding Ray Twinney arena in the Yonge and Davis area of Newmarket. Maple Lodge Farms provided lunch for the crowd which was followed by PACE who sponsored the concert that featured 5 bands including top recording artists Glass Tiger.

Dan Coldwell also commented “I was given the opportunity to meet the members of Glass Tiger and I was really impressed with how down to earth they were. They all came from this area and clearly have not forgotten their roots.

Plans are already underway for next year’s event.

Check out more photo’s from the event here: http://on.fb.me/ZI6kzb

PACE bowls for kid’s sake!

Staff members from our Alcona Branch participated Bowl for Kid’s Sake!

This event is Big Brothers Big Sisters’ premier fun-raising event where people get together with friends, family, and co-workers and have a fun time bowling in support of Big Brother Big Sister mentoring programs in the community.

Thank you for showing your support in the community PACE Alcona!

PACE Does McHappy Day!

On Wednesday May 8th 2013 some staff members participated in McHappy Day. A portion of the proceeds were donated to Ronald McDonald Houses and other local children’s charities across Canada. The McMaster Branch donated an additional $100 in support of McHappy Day.

Thank you for supporting our community PACE!



PACE proudly sponsors Police Hero Bears!

The Police Retirees of Ontario will distribute the Police Hero Bears to various police agencies throughout Ontario. These Police Hero Bears will be available for officers to give to children in various situations such as fire victims, domestic turmoil, serious traffic accidents and related situations. Your support of this campaign will be greatly appreciated by us and the children involved.

PACE will give 3 lucky Hamilton region ‘iCount’ youth account members a free Hero Bear on May 31st, 2013!

If you would like to contribute personally or find out more, email info@policeretireesofontario.com

PACE Markham Branch donates to Yellow Brick House!

For the past few years our PACE Markham Branch has been supporting Yellow Brick House.

Yellow Brick House is a non-profit charitable organization that provides emergency shelter, counseling and supportive services to abused women and children.  The staff at our Markham branch feels that this is an important local cause that needs all the support it can get.

To learn more about Yellow Brick House, please visit: www.yellowbrickhouse.org