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 |
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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 |
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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 |
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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 |
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