More PACE News

New Chief Executive Officer at PACE


Vaughan, Ontario (March 3, 2016) The Board of Directors of PACE Savings and Credit Union Ltd. are pleased to announce the selection of Phillip Smith as their new Chief Executive Officer. As CEO, Phillip will succeed Larry Smith, who will remain on as President.

Phillip assumes the position after holding the role of Acting Chief Executive Officer since January 2015. During his 20 years with PACE, Phillip has held a wide range of other positions including Chief Financial Officer and Manager, Information Technology.

“Phillip has a deep understanding of PACE’s core values given his tenure and range of experience. He’s mastered every role he’s been in here. To us, Phillip is the ideal choice” said Chair Gerry Robin.

“I’m truly grateful for the opportunity and I’m honored that our Board would select me to lead our company moving forward” remarked Phillip Smith.

For more information contact:       
                                                            Dan Coldwell
                                                            Chief Marketing Officer
                                                            PACE Credit Union

About PACE

PACE Savings and 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, PCU serves its 31,000 members holding over $758 million in assets under administration through 14 locations. To find out more about cooperative banking, visit, follow @PACECU on Twitter, or find us on Facebook.



PACE AGM sets new attendance record - 2015

April 29th 2015

The democratic process is alive and well here at PACE Credit Union as 323 members participated in our 2014 Annual General Meeting on April 29, 2015.

PACE CEO Larry Smith commented “It was great to see the strong numbers, but I was particularly impressed to see that there was representation from all of the communities we serve.”

In addition to reporting strong financial results there was an election. Those in attendance heard thought provoking speeches from seven candidates to fill four PACE board positions. Afterwards the members cast their votes.

Congratulations to Brent Bailey, Deborah Baker, Neil Williamson and George Pohle on their appointments.
Members also got to vote on allotting additional financial support to three of PACE’s strongest Bursary Applicants from 2014. The three applicants created a video that spoke to the program they are studying and how they help their community. Before the vote, a motion came from the floor to expand the budget to give all three applicants the top prize of $1,500. The motion carried. Also, Rob Paterson CEO of Alterna offered to match funding on their behalf bringing the total each student will receive to $3,000.  Congratulations to Dejehan Hamilton, Nyiesha Grant and Megan Kilmer.

Click here to read the Annual Report


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