Services will be at 11 a.m. Saturday at the First Church of the Nazarene.
Mr. Wallace was a contract administrator.
He is survived by his wife, Jeannie; two sons, Scott of Klamath Falls, Ore., and Wayne of Florence, Ky.; one daughter, Nancy McCrillis of Enumclaw, Wash.; and seven grandchildren.
Memorial contributions to Harden Hospice, 2764 Compass Drive, Suite 110, Grand Junction 81506.