image of US currency

Know Your Money. Tips For Identifying Counterfeit Money.

Counterfeit money is a problem we all need to guard against. Being aware of the safety features of U.S. currency is a great way to guard against accepting counterfeit money. Don’t fall victim and be left on the losing end.

The secret service and U.S. Treasury also offer these suggestions:

  • Holograph: Hold a bill up to a light and look for a holograph of the face image on the bill. Both images should match. If the $100 bill has been bleached, the hologram will display an image of Abraham Lincoln, who appears on the $5 bills, instead of Benjamin Franklin.
  • Strip: Looking at the bill through a light will also reveal a thin vertical strip containing text that spells out the bill’s denomination.
  • Color-shifting ink: If you hold the new series bill (except the $5 note) and tilt it back and forth, please observe the numeral in the lower right hand corner as its color shifts from green to black and back.
  • Watermark: Hold the bill up to a light to view the watermark in an unprinted space to the right of the portrait. The watermark can be seen from both sides of the bill since it is not printed on the bill but is imbedded in the paper.
  • Security Thread: Hold the bill up to a light to view the security thread. You will see a thin imbedded strip running from top to bottom on the face of a banknote. In the $10 and $50 the security strip is located to the right of the portrait, and in the $5, $20 and $100, it is located just to the left of the portrait.
  • Ultraviolet Glow: If the bill is held up to an ultraviolet light, the $5 bill glows blue; the $10 bill glows orange, the $20 bill glows green, the $50 bill glows yellow, and the $100 bill glows red – if they are authentic!
  • Microprinting: There are minute microprinting on the security threads: the $5 bill has “USA FIVE” written on the thread; the $10 bill has “USA TEN” written on the thread; the $20 bill has “USA TWENTY” written on the thread; the $50 bill has “USA 50” written on the thread; and the $100 bill has the words “USA 100” written on the security thread. Microprinting can be found around the portrait as well as on the security threads.
  • Fine Line Printing Patterns: Very fine lines have been added behind the portrait and on the reverse side scene to make it harder to reproduce.
  • Comparison: Compare the feel and texture of the paper with other bills you know are authentic.

The Secret Service offers a downloadable PDF called Know Your Money. It points out key features to look at to determine if a bill is real or fake.

bauer financial rating image

Natco Has Received a 5-Star Rating from Bauer Financial Since the Second Quarter of 2010

Bauer Financial is the nation’s leading independent financial institution rating firm. Ratings are awarded each quarter based on an analysis of current financial data. Bauer Financial recommends all institutions ranked with 4 or 5 stars.

Beginning with the second quarter of 2010, Natco Credit Union has received the 5-star rating, the highest possible rating, each and every quarter. The 5-star rating denotes the absolute highest level of banking performance and is the firm’s highest rating.

Natco Credit Union has received a 4 or 5 star rating since the second quarter of 1994. That’s over two decades!

What this means according to Bauer is that the institution is safe, financially sound, and operating well above its regulatory capital requirements.

What this means for our members is peace of mind. Any member who deposits funds with Natco Credit Union can be assured their funds are safe and secure.

For more information on Bauer Financial, visit www.bauerfinancial.com.

 

Image of Wayne County Foundation logo and NCEC logo for the Challenge Match Campaign

Wayne County Foundation Challenge Match / November 5th-13th

Natco Community Empowerment Center/Love Makes Cent$, Inc.

We are very excited to share with you that our agency has been selected to participate in this year’s Wayne County Foundation Challenge Match. Donations received or postmarked between November 5th and 13th will be matched up to our goal of $2500. Allowing us to double the impact of your donation and our services. The variety of services we provide impact the lives of individuals and the well-being of our community.

“Helping people live better lives.”

Donations can be made online at http://www.waynecountyfoundation.org/

OR

Checks can be mailed or delivered to:

Love Makes Cent$, Inc
Natco Community Empowerment Center
1627 E. Main Street
Richmond, IN 47374

 

East Side ATM Has a New Look

A new card reader was installed on the ATM at our East side office.

We wanted to share a photo of how it looks now to make everyone aware and avoid any concern that a skimming device might have been installed. The credit union made this upgrade.

image of credit union staff and Senator Raatz

A Visit From Senator Raatz

Thank you to Senator Raatz for spending the morning of August 24th with credit union representatives. During our meeting, we were able to give him our perspective about our community.

We shared details of our FREEDOM FAST loan which is an payday loan alternative. The loan structure helps people get out of the debt cycle or it can be a great solution for someone who is one mishap away from poverty.

We really appreciate that Senator Raatz took the time to learn more about our community and how our credit unions make a difference!

image of gavel with tax law book

Working Hard To Make Sure Congress Says No To Banks and Yes To Consumers On This Issue

An important distinction between credit unions and banks is that credit unions are consumer-owned cooperatives. The cooperative structure and mission of credit unions means that different tax laws apply. The banking industry continually looks for opportunities to introduce legislation that would impose new taxes on credit unions.

Learn more about the impact new tax laws could have and how credit unions are the best alternative for consumers from John McKenzie, President of the Indiana Credit Union League.

image of person in a hoodie with face not visiable holding a phone

Never Give Your Debit Card Number Out To Someone Who Calls You – Even If It Looks Like The Call Is Coming From Us!

Recently some members have received calls from someone stating they were from the Natco Credit Union Fraud Department. They say they want to verify a $300 debit card transaction in Florida and they give the last 4 digits of the debit card. The caller asks the member to provide the full debit card number to verify the transaction and close the card.

The call appears to be from our main number. We’ve contacted Comcast and were told people can spoof a phone number so the caller thinks it’s from a valid business/person. Unfortunately, there is no way to stop this kind of deception.

Because we have your card information on file, we will never call and ask you to provide it to us. If you’ve received this kind of call and given your debit card information, please contact us immediately so we can deactivate your debit card and order you a new one.

 

Natco employee wil Tools for Schools collection box

School Supplies Being Accepted in Our Richmond Offices

Boxes have been placed in our Richmond offices to collect school supplies.

Donations can be made through the end of July and benefit Tools for Schools. Several stores run great deals on supplies making it easier to donate.

Sold car with member and sales people

Our Auto Buying Program Puts Another Member Behind the Wheel

When a great deal presented itself, one member decided to jump on it quickly!

Enterprise Car Sales brought a 2017 Chevy Cruze at our East side office on June 27th. The car had 51k miles and was priced at just $13,799. We posted the information to our Facebook page to help spread the word. Even though Natalie wasn’t in the market for a vehicle, she had already driven other Chevy Cruzes and new she loved them. In less than 24 hours, she purchased this one and drove home in her new car! We are so excited that we could help put her behind the wheel of a newer model, reliable vehicle.

RIGHT TIME
RIGHT SUPPORT
REAL FREEDOM

 

Picture of bench made of recycled bottle caps

Recycled Plastic Bottle Caps Put to Good Use

Have you ever thought about what could be made from recycled plastic bottle caps? We have!

It takes approximately 25,743 plastic bottle caps to make one of these benches! Recently, we donated 40 pounds of plastic bottle caps to help in making 5 new benches.

Thank you to the Centerville Green Club and Cope Environmental Center for making these great benches from recycled materials.