Overview
What is Natco Credit Union?
Natco Credit Union, established in Richmond, Indiana, is a cooperative financial institution committed to offering loan and deposit services to its members. As a financial cooperative, it prioritizes the financial wellbeing of its community by providing essential financial services.
Official website here: www.natcocu.org
Is Natco Credit Union legitimate?
Natco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Natco Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,464,832
For more financial information, click here
Official website here: www.natcocu.org
What is the mission statement of Natco Credit Union?
Natco Credit Union functions as a cooperative financial institution, serving its members in providing access to both loan and deposit services. Based in Richmond, Indiana, this financial institution operates with a mission to offer financial assistance and resources to its members. By maintaining a cooperative structure, Natco Credit Union fosters a sense of community and shared financial growth among its members. The institution's primary objective is to facilitate financial well-being and stability for its clientele. Through its loan services, members can secure funding for various personal and business needs, while deposit services enable them to save and manage their funds effectively. Overall, Natco Credit Union aims to create a supportive financial environment for its members, empowering them to achieve their financial goals.
Official website here: www.natcocu.org
Who is the CEO of Natco Credit Union?
Brenda Estes is the Ceo/President of Natco Credit Union. The CEO's salary of Natco Credit Union is $280,456 and their total compensation is $280,456.
Official website here: www.natcocu.org
What is the revenue of Natco Credit Union?
Natco Credit Union's revenue in 2022 was $12,112,969.
Official website here: www.natcocu.org
Who are the executives of Natco Credit Union and what are their salaries?
The average compensation at Natco Credit Union during 2022 was $45,590. There are 76 employees at Natco Credit Union.
Here are 8 key members and their salaries (Natco Credit Union's CEO's salary is $280,456 and their total compensation is $280,456):
- Compensation: $280,456
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $119,131
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.natcocu.org
Where can I find the form 990 for Natco Credit Union?
Natco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.natcocu.org
Learn more at the official website: www.natcocu.org
Mission Statement of Natco Credit Union
Natco Credit Union, a cooperative financial institution, is dedicated to offering loan and deposit services to its membership base. This financial institution, located in Richmond, Indiana, operates on the principle of cooperation among its members. In simple terms, Natco Credit Union functions as a not-for-profit entity that exists to serve its members, rather than for generating profits for external stakeholders. The mission of Natco Credit Union is to provide essential financial services to individuals who share a common bond, enabling them to improve their financial well-being and achieve their financial goals. By pooling their resources together, members of Natco Credit Union can access competitive rates and flexible terms on loans compared to traditional financial institutions. Furthermore, the credit union's focus on member service and community involvement sets it apart, as it prioritizes its members' best interests and fosters a sense of belonging.
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Impact
October, 2024
Natco Credit Union plays a significant role in its community by offering accessible financial services and fostering economic well-being among its members. Located in Richmond, IN, it operates as a cooperative financial institution, meaning that it is owned and managed by its members. This structure empowers individuals to have a voice in the decision-making processes and benefits all members collectively.
By providing a range of loan and deposit services, Natco Credit Union helps residents build credit, secure affordable loans, and save for their future. The institution focuses on meeting the financial needs of its members while promoting responsible financial practices. As a result, it contributes not only to individual financial health but also to the overall economic stability of the community in which it operates, enhancing the quality of life for many in Richmond and beyond.
This information is meant to be a general summary of Natco Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $707,796
- Program Service Revenue: $11,180,173
- Gross Receipts: $12,112,969
Assets and Liabilities:
- Total Assets: $141,781,366
- Total Liabilities: $127,787,531
- Net Assets: $13,993,835
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$6,457,966
FEE INCOME
Revenue
$4,667,572
NON-MEMBER ATM AND INSURANCE
Revenue
$54,635
Organization Details
Founding Year
1945
Phone
(765) 962-2561Principal Officer
Brenda Estes
Main Address
PO BOX 817, RICHMOND, IN, 473750817
Website
www.natcocu.orgNTEE Category
Code: W61 - Public benefit
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