Over 5,000 Natco members will receive their stimulus deposit tomorrow

Over 5,000 Natco Members Will Receive Their Stimulus Deposit Tomorrow

IMPORTANT INFORMATION

We will be open Wednesday from 10:00 a.m. to 5:00 p.m. and will be ready to serve you.

Here are a few useful tips.

  • Expect longer than normal delays at our drive ups over the next several days
  • Our call center is receiving an extremely high call volume right now. Verify your deposit tomorrow using our mobile banking app, home banking or PAL.
  • If you need cash, use our ATM during non-business hours to make withdrawals (up to $500 per day)

Plan ahead and give yourself some comfort by putting these funds to the best use possible.

  • Anticipate upcoming expenses. Leave as much on deposit as you can to cover expenses for the next few months – groceries, mortgage/rent, utilities, car payments, insurance, healthcare and other basic needs
  • Pay these expenses in advance when possible

Talk to us about opening a special savings account to set aside your stimulus check. This way it’s separate from your other funds and can be used over the next few months.

If you would like help budgeting your stimulus check, call the NCEC at 983-4766.

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Stimulus Checks Begin Arriving This Week

Members will begin receiving their government stimulus checks this week. This has caused an abnormally high call volume for Natco’s call center.

If your deposit is in the first round of deposits, it will be posted this Wednesday (4/15). Please check your account Wednesday morning using your mobile banking app, home banking, or PAL to verify if your check has been deposited.

If your deposit is not part of this Wednesday’s file, the EARLIEST it will be deposited is next Wednesday (4/22). Please check your account on 4/22 to see if your deposit was posted.

We will post the files each Wednesday in for the next several weeks.

Eligible taxpayers who electronically filed their taxes in 2018 or 2019 will receive their deposit automatically through direct deposit into the account used for their previous tax filing.

The purpose of the stimulus money is to provide emergency assistance to individuals and families who have been affected by the coronavirus pandemic, so Natco Credit Union WILL NOT be applying these stimulus funds to overdrawn accounts, delinquent accounts, garnishments.  

The Treasury Department and the Internal Revenue Service launched a new web tool allowing quick registration for stimulus payments for those who don’t normally file a tax return.

According to the IRS, the Treasury plans to develop a web-based portal in the coming weeks for individuals to provide their banking information to the IRS online. This will allow individuals to receive payments immediately as opposed to checks being mailed.

The IRS has provided important information regarding the stimulus checks on this pageEconomic Impact Payments What You Need to Know.

 

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Stay Safe, Leave Your Money in Place

We know that a lot of people are worried about a number of things right now. Natco Credit Union wants to assure you that one thing you shouldn’t worry about is the money you have saved. The credit union will always make sure you have full access to your account, but we also want you and your savings to be safe.

Here are a few reasons to leave your money in your account:

  • Your money is insured when it’s in the credit union. Natco Credit Union’s accounts are federally insured by the National Credit Union Administration up to $250,000 per account holder.
  • No risk of losing the money. With your money in your account, you always know exactly where it is. When you take money out, there’s a chance that it will be lost or stolen.
  • Money is covered in germs and bacteria. According to NYU’s Dirty Money Project, up to 3,000 different kinds of bacteria can live on a $1 bill. Instead, use your debit or credit cards, which can be cleaned with sanitary wipes. Contact us to request a Natco debit card or apply for a Natco REAL FREEDOM Visa card.

During this trying time, we want to make sure you’re protected. Check out our Quick Reference Guide for transacting business. Please, keep yourself and the money you’ve worked so hard to earn safe.

New Video – You Can Count on Natco

You can count on Natco to be here for you!

 

 

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Avoid Long Lines on Friday, April 3rd

We expect our drive up lanes to be busy this Friday due to it being a payday for several businesses and for those who receive government checks.

Avoid longer lines:

  • Use our ATMs to make deposits and withdrawals outside normal business hours.
  • Deposit checks 24/7 through mobile deposit
  • Visit our drive up another day.
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Giving You Another Way to Make Your Natco Loan Payments Without a Fee

In an effort to help you make your payments electronically, we are giving you another option to make your Natco loan payments without a fee!

Use your credit card, debit card or ACH to pull funds from your account at another institution to make your payment. It’s quick and easy to get started.

  • Log into home banking from a desktop and select the ‘Make Loan Payment’ options from the left.
  • Log into one of our mobile banking apps (Android or Apple), click on the ‘More’ option then click ‘Make a Loan Payment.’
  • Click the ‘Make a Loan Payment’ link located at the top of our web site.

Until further notice, Natco is waiving the fee associated with using a credit card or debit card to make loan payments. Payments made via ACH are always free.

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Lifeline Loans Available March 22, 2020 through May 31, 2020

If your income or expenses have been affected by changes from the Coronavirus, a Lifeline loan can provide the short-term financial assistance you need.

  • Loan amounts between $500 and $2,000
  • 7.95% fixed APR
  • Terms up to 24 months
  • First payment due date can be extended to 90 days from loan closing

Additional qualifiers

  • Established member as of 03/16/2020
  • Member of the household is currently employed or most recently employed by a company affected by COVID-19
  • Current loans with Natco are up to date
  • If Natco holds collateral on a current loan, we must have the title on file and proof of adequate insurance coverage
  • Loan cannot be used to refinance or consolidate existing Natco loans
  • Proof of income required from February 2020
  • Optional automatic payment through payroll deduction or direct deposit
  • Credit Life and Credit Disability insurance available
  • Lifeline loans are not eligible for skip-a-pay promotions
  • Limited to one Lifeline loan per household at a time
  • Certain other conditions may apply for this loan type

Standing by our mission of ‘HELPING PEOPLE LIVE BETTER LIVES.

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Announcing the New Section of Our Web Site

INFORMATION AND LINKS ALL IN ONE PLACE

We realize you are getting inundated from every direction with information regarding COVID-19. The landscape of how companies are being affected and how they conduct business is quickly and frequently changing.

Keeping our members informed and protected is our top priority. Therefore, to help you navigate the changes here at Natco and to stay informed, we’ve created a new section of our web site. Here you will find all of our communications related to COVID-19 – useful links to products, forms and applications, and other important information.

Please visit NatcoCU.org/covid-19 often to stay informed on credit union related information.

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Beginning Today, Lobbies Close and Full Service Available at the Drive Up

We Care about You and Your Family

Since our founding 75 years ago, Natco Credit Union has been about doing the right thing for our members. After a great deal of careful considerations and concerns for your safety, we are adjusting our services to align with CDC federal and state health guidelines. Please read about these important changes outlined below as we help you conduct your banking in a safe manner, so together we can best navigate through the current health crisis.

Beginning Wednesday, March 18 through March 31st, our branch lobbies will be closed. We are keeping our drive-up windows open to take care of your banking needs.

We are making exceptions to our normal policies regarding the transactions we do through our drive-up. During the time that our lobbies are closed, we plan to offer full service through the drive-up. If there is something that we deem necessary for you to come in, we will ask you to come inside.

If you need to come into a branch for a loan closing, to open an account or for anything else you can’t do through a drive up or online, please complete the form on this page or call 765.962.2561. We’ll set up an appointment at the branch of your choice.

Find comfort in knowing your money is safe
Let us reassure you, your money is safe at Natco Credit Union. Your money on deposit is federally insured up to $250,000 through the National Credit Union Administration (NCUA).

Our online and mobile banking platforms are always available to serve you!
If you haven’t already done so, now’s the time to sign up for online and mobile banking. You can even remotely deposit checks from our mobile app!

Simply visit NatcoCU.org from your computer, tablet or mobile phone and click on the ‘Member Login’ button. If you haven’t previously registered, click on the ‘Enroll Now’ button just below ‘New To Online Banking?’ to get started.  If you have any issues enrolling or accessing your accounts online, call us at 765.962.2561.

In need of loan or payment assistance?
Lastly, we want you know that we’re here to support you if financial uncertainty is affecting you. Please call us at 765.962.2561.

We appreciate your membership and wish you and your family health and safety.

Sincerely,
Cynthia L. Duke, CEO

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We Suggest Requesting Home Banking Access Now

Are you set up with home banking access?

Enrolling in home banking is quick and simple! Request access now.
PLUS, through your home banking login, you also have direct access to

  • Pay bills through our bill pay.
  • View balances and transaction details for your Natco REAL FREEDOM Visa.
  • Make payments on your Natco REAL FREEDOM Visa.
  • You can even deposit checks through mobile deposit when you access home banking through one of our mobile apps (available for Android and Apple users). Visit the Play or App Store to download now.

To request access to mobile deposit,

  • Log into home banking through either of the mobile apps using your smart phone or other mobile device.
  • Click the piggy bank icon titled ‘Mobile Deposit.’
  • Review and accept the disclosure and agreement.

Mobile deposit requests are reviewed each business day. You will receive an email once your access to mobile deposit has been completed. This may take two business days.

Learn more about mobile deposit.