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

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

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, follow @PACECU on Twitter, or find us on Facebook.