6th Annual Covenant Sleep Out Toronto

Dan Coldwell, Chief of Marketing PACE Credit Union


On November 16th Dan Coldwell, CMO for PACE Credit Union, participated in the Covenant House’s 6th annual Executive Sleep Out. For one night Toronto executives were exposed to the discomfort and vulnerability of sleeping in the streets, an experience that is at best only a small window into the exhausting life of homeless youth. Behind each young person living on the street there is a story, there is a family and there are dreams and aspirations. The Executive Sleep Out is an amazing initiative to raise money to help these youth get off the street and back on their feet, but it is also a unique lesson in how hard it is to break the cycle of poverty and homelessness while enduring the elements. These young people cannot do it alone!

The Covenant House does an amazing job of giving shelter and guidance to young people in many cities. Dan and the other Exececutives raised $1.1 million for this cause and PACE is proud to be supporting the Covenant House.

Learn more about Covenant House here www.covenanthousetoronto.ca

LFFCU votes unanimously in favor of joining forces with PACE Credit Union

September 15, 2017 – The Board of Directors of London Fire Fighters Credit Union Ltd and PACE Savings & Credit Union Ltd are pleased to announce that LFFCU’s membership voted unanimously in favor of partnering with PACE by way of asset purchase. The transaction is scheduled to be completed on November 30, 2017

LFFCU’s Chair Kevin Dash commented “This is an exciting time for our Credit Union. Our members, staff and directors are all very proud of the credit union we’ve built over the past 70 years and we know that our basic people helping people principles will be preserved in the PACE environment”

The merged credit union will operate under the PACE brand with local recognition of the London Fire Fighters brand and personality, maintaining the LFFCU values and credit union principles. LFFCU members will also be offered an expanded range of financial products, services and locations to accommodate all of their financial needs.

“I was really impressed with the passion that the LFFCU members showed towards their Credit Union. We take the responsibility of continuing their legacy very seriously and look forward to working with their enthusiastic staff and membership.” said PACE CEO Phillip Smith.

About London Fire Fighters Credit Union Ltd

Established in 1947, LFFCU services their 700 members at their branch in downtown London. They are a closed bonded credit union serving the financial needs of current and retired employees of the City of London Fire Department, their families, as well as other regional professional fire fighters.

About PACE 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 36,790 members holding over $1 billion in assets through 17 locations. To find out more about cooperative banking at PACE, visit pacecu.ca, follow @PACECU on Twitter, or find us on Facebook.

 

 Dan Coldwell
Chief Marketing and Community Relations Officer
PACE Credit Union
8111 Jane Street, Vaughan, Ontario, L4k 4L7
905-738-8900
dcoldwell@pacecu.com

PACE Supports the Caledon Equestrian School

PACE Credit Union is sponsoring a new horse for the Pegasus Program at Caledon Equestrian School for special needs riders. The Pegasus Program has been running at Caledon Equestrian School for over 20 years and provides therapy for physically and mentally challenged students.

Therapeutic riding has been proven over the years to have tremendous effects on the physically and mentally challenged students. The movement of the horse mimics the movement of the human body this allows the muscles to be worked as if the child was walking. The movement of the horse also develops balance and co-ordination.

From direct therapy for physical limitations, to learning to communicate with another species, the program is one of the most rewarding aspects of the horse world. People who may not be able to walk become mobile on their horse. Someone who may not speak will work hard to talk to the horse in the horse’s language. All the riders are very keen and the improvement in disabilities is remarkable. The program runs for 10 – 12 weeks in the spring and fall. The connection that is formed between the horse and rider is incredible.

PACE is excited to contribute over $7000 to this amazing program. This sponsorship has allowed Caledon Equestrian School to purchase a larger horse, Sampson, to accommodate bigger kids and adults in the Pegasus Program. Sampson is a Belgian and hackney cross and his substantial stocky build fits many of the larger riders in the program. The sponsorship from PACE provides a huge benefit to  Pegasus and it’s riders.

2017 PACE Golf Classic

PACE Credit Union held its 10th Annual Golf Classic on August 14, 2017 at the prestigious Georgian Bay Club. In a summer filled with unpredictable weather, everything aligned to provide us with a beautiful day for golf and to celebrate a huge milestone for this great event.

For a decade now, sponsors and golfers who participated in this event have helped to support hundreds of young individuals pursue their dreams. The PACE bursary program would not be a success without them. This year the event raised approximately $40,000 for our bursary program. We would like to thank all our sponsors for their support.

We couldn’t be more excited for the next decade of the PACE Golf Classic!

City Savings Financial Services and PACE to join forces


FOR RELEASE
July 24, 2017 (Vaughan, ON) – The Board of Directors of City Savings & Credit Union Ltd., (City Savings Financial Services), and PACE Savings & Credit Union Ltd., are pleased to announce they have signed a Letter of Intent to enter into an Asset Purchase Agreement.

When the transaction is completed, the merged company will operate under the PACE brand, but with local recognition for the City Savings brand and personality. The merged credit union will operate in 19 locations throughout Ontario, employ 172 staff, and serve over 42,000 members who hold $1.04 billion in assets.

City Savings CEO Raymond Wood says, “This is an exciting time for our membership and staff.  As our credit union continues the legacy it has worked to build over the last 67 years, we are now stronger as we get ready to partner with PACE.”

“As we join together with City Savings, all our people incorporate the same values – to serve our members and to fiercely protect our credit union values and purpose.  Since their inception in 1950, they have built an incredible success story that we’re proud to partner with,” said PACE Savings & Credit Union CEO, Phillip Smith.

Before the agreement is finalized, both credit unions will undertake due diligence and seek regulatory consent.  The transaction will also require the approval of the City Savings membership.

“We believe the best partnerships are those that are beneficial to everyone involved, and by joining forces, adding staff, and locations, that’s exactly what we’re doing – for our members, our staff, and the diverse communities that we serve,” added Smith.

For more information contact:

Dan Coldwell
Chief Marketing and Community Relations Officer
PACE Credit Union
8111 Jane Street, Vaughan, Ontario   L4K 4L7
905.738.8900
dcoldwell@pacecu.com

About City Savings & Credit Union Limited

City Savings serves their 1,700 members holding assets of $43 million through their two branches on Yonge Street in Toronto.  Established in 1950, City Savings was originally named North York Municipal Employees Credit Union and served North York firefighters, hydro and municipal employees.


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 40,000 members holding over $1 billion in assets through 17 locations. To find out more about cooperative banking at PACE, visit pacecu.ca, follow @PACECU on Twitter, or find us on Facebook.

 

 

London Fire Fighters’ Credit Union and PACE to partner

FOR IMMEDIATE RELEASE

 

March 28, 2017 – The Board of Directors of London Fire Fighters’ 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 local recognition for the London Fire Fighters’ brand and personality.

 

“Our members will certainly appreciate the expanded range of financial products, services and locations. Also, PACE has a great track record of working with credit unions like ours to preserve our brand and give our staff opportunities to grow their careers. It’s a great fit for us” said LFFCU Chair Kevin Dash.

When the transaction is completed, PACE will operate in 19 locations throughout Ontario, employ 168 staff, and serve over 40,000 members who hold $896 million in assets.

PACE CEO Phillip Smith commented “Partnering with London Fire Fighters is a great opportunity for us here at PACE. They have a loyal membership and a great CEO in Charmaine Spiegelberg who we are very much looking forward to working with”

Before finalizing the arrangement, the credit unions will undertake due diligence and seek regulator consent. The transaction will also require the approval of the London Fire Fighters’ Credit Union membership.

 

About London Fire Fighters Credit Union Limited

 

Established in 1947, LFFCU services their 700 members at their branch in downtown London. They are a closed bonded credit union serving the financial needs of current and retired employees of the City of London Fire Department, their families, as well as other regional professional fire fighters.

 

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 39,200 members holding over $892 million in assets through 18 locations. To find out more about cooperative banking at PACE, 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

                                   905.738.8900 dcoldwell@pacecu.com

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.

Learn More

 

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
905-738-8900
dcoldwell@pacecu.com

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!!!