If you have recently received unemployment benefits, it’s important to understand that these benefits are taxable. Unemployment benefits must be reported on your federal tax return. A record number of Americans are applying for unemployment compensation due to the COVID-19 Outbreak. If you received unemployment benefits, as well as the additional $600 per week in […]
For the fifth year, Natco Community Empowerment Center (NCEC) has provided free basic tax preparation services to community members in the Richmond and Connersville areas. NCEC has been a Volunteer Income Tax Assistance (VITA) site since 2016. This year, NCEC prepared and submitted a record 1,023 returns for Natco Credit Union members and individuals and […]
Through our Deferred Payment Relief for Service Industry Workers initiative, we were able to forgive $18,737 on 50 loans held by members who were hardest hit by the pandemic due to loss of income. We received a $10,000 grant from the National Credit Union Administration (NCUA) to assist members who suffered a financial impact from a loss […]
EFFECTIVE MONDAY, JULY 27, 2020 VISITORS WILL BE REQUIRED TO WEAR A FACE MASK TO ENTER OUR BRANCHES. THIS STEP IS FOR THE PROTECTION OF OUR MEMBERS AND EMPLOYEES AND IS IN COMPLIANCE WITH INDIANA’S MANDATE DATED JULY 23, 2020. The official Executive Order from Governor Holcomb has just been released. Therefore, we are providing […]
First it was toilet paper, hand sanitizer, and disinfecting wipes. Then it was PPE (personal protective equipment). The latest COVID-19 shortage involves pocket change. The coronavirus pandemic has caused a nationwide coin shortage, according to the Federal Reserve. Reserve Chair Jerome Powell said Wednesday the shutdowns caused by the pandemic have raised concerns about circulation of […]
Natco always wants to help our members protect their accounts. There are several common types of scams happening to innocent people. That’s why we provide information that helps you understand how the scam works. One type of scam is called a Money Mule. Learn more about this type of scam below. Understanding how a Money Mule […]
Congratulations to Alex Kenworthy and Kylah Roberts! These two graduating seniors were drawn at random for our Class of 2020 promotion. Each was presented with a check from Natco for $500! Thank you to everyone who participated. We wish each and every graduating senior much success in their future. Contact us to learn more about […]
Wall Street Journal How Financial Institutions Can Help America Heal Financial tools to pay for education and build wealth should be more widely available. By Rodney E. Hood June 4, 2020 6:51 pm ET When I was growing up in North Carolina, my father sat me down for “the talk” about how to behave should […]
Natco Credit Union is Giving $500 to Two Graduating Seniors We realize this time has been especially hard on graduating seniors (high school or college) who have looked forward to celebrating their accomplishment. We want to CONGRATULATE you and give you a fun way to be recognized. By participating, you will be entered for a […]
