Natco Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

P O Box 817, Richmond, IN 47375-0817

Website

(765) 962-2561

Data Source: NCUA, December 31, 2016


Natco Credit Union was founded in 1945. Headquartered in Richmond, Indiana, Natco Credit Union is a state chartered and federally insured credit union, being chartered in Indiana and insured through the National Credit Union Share Insurance Fund (NCUSIF). Natco Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Natco Credit Union services 14,314 members through its 3 offices and branches and 49 full-time and 2 part-time employees. It has $75,630,187 of total assets and $9,187,059 of net worth. Based on its asset size and net worth ratio, Natco Credit Union is classified as a Well Capitalized medium credit union.

Natco Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Natco Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Natco Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Indiana and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Indiana
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.2200
0.2200
0.2500
Certificate Deplit
0.3500
0.5000
0.5800
IRA
0.6000
0.4300
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Indiana
National Median Rates
Credit Cards
3.9000
11.0000
9.9900
Unsecured Line of Credits
13.0000
10.3650
10.9500
Short-term Small Amount
n/a
28.0000
25.0000
Student Loans
n/a
6.1400
6.0200
New Car Loans
4.5300
3.2900
3.3300
Used Car Loans
8.7800
4.4600
4.5000
1st Mortgage Real Estates
4.4500
4.2500
4.2500
Other Real Estates
6.1000
4.7500
4.7000

Natco Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Natco Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
Yes
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
No

As a community financial institution, Natco Credit Union actively involves in local communities by prliding services such as financial counseling, financial education.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
Yes
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Connersville Branch
240 E 30th St
Connersville, IN 47331-3102
Phone:765-827-1541

East Branch
4 Glen Miller Pkwy
Richmond, IN 47374-3562
Phone:765-966-1108

Main
582 S Round Barn Rd
Richmond, IN 47374-4435
Phone:765-962-2561

(765) 966-3727

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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