Dec, 31, 2023 — NATCO CREDIT UNION is a federally insured state chartered credit union headquartered in RICHMOND, IN with 3 branch locations and about $148.54 million in total assets. Opened 79 years ago in 1945, NATCO CREDIT UNION has about 17,054 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NATCO CREDIT UNION |
|---|---|
| Address: (Main Office) | 582 S ROUND BARN RD RICHMOND, IN 47374-4435 |
| Phone: | (765) 962-2561 |
| Fax: | (765) 966-3727 |
| Website: | https://www.natcocu.org |
| Branches: | 3 branch locations |
| Members: | 17,054 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65208 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $148,539,778 |
| CEO/Manager: | Cynthia L Duke |
| Chairperson: | David Nutty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,502,850 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,415,017 |
| Unsecured Loans | 19,491,313 |
| Other Loans | 73,430,220 |
| TOTAL LOANS | 106,336,550 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,451,307 |
| Land And Building | 2,504,495 |
| Other Fixed Assets | 423,347 |
| NCUSIF Deposit | 1,209,976 |
| All Other Assets | 34,585 |
| TOTAL ASSETS | 148,539,778 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 49,258 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,023,028 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,940,781 |
| Regular shares | 73,430,781 |
| All Other Shares & Deposits | 21,505,970 |
| TOTAL SHARES & DEPOSITS | 127,877,532 |
| TOTAL LIABILITIES | 128,949,818 |
| Regular Reserve | 0 |
| Other Reserves | -2,899,221 |
| Undivided Earnings | 22,489,181 |
| TOTAL EQUITY | 19,589,960 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 148,539,778 |
| INCOME & EXPENSE | |
| Loan Income | 8,490,319 |
| Investment Income | 983,252 |
| Other Income | 2,102,671 |
| Total Employee Compensation & Benefits | 5,190,667 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,692,311 |
| Non-operating Income & (Expense) | 2,731,039 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,247,372 |
| Cost of Funds | 992,119 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,720,566 |
| ↑ Back to Top | |