RICHMOND, Ind.–Natco Credit Union is celebrating its 75th anniversary. Since its inception, Natco Credit Union said it has remained dedicated to the financial well-being of its members while playing an essential role in strengthening the communities it serves.
Founded Oct. 31, 1944, the original charter allowed the credit union to provide financial services to employees of NATCO (National Automatic Tool Company).
Over the years, Natco Credit Union said it has expanded its charter to now include membership toanyone who lives in one of the following Indiana Counties: Wayne, Fayette, Randolph, Henry, Rush, Union and Franklin; an industrial worker within a 25-mile radius of Richmond, Ind., and immediate family members of existing members.
With a focus on serving the local communities, Natco Credit Union is designated as a CDFI (community development financial institution) and LID (low-income designated financial institution).
In 2013, the credit union opened the Natco Community Empowerment Center, which offers no-cost programs and services that include connections to local immediate need resources/assistance programs, job seeking assistance, money management counseling, training/classes/workshops and more.
“Our diamond anniversary signifies an epic milestone in our history. Our members have placed their confidence in us for the past 75 years,” the credit union said. “Our success has been made possible through a shared purpose and mission of helping people live better lives. We are proud to be part of the local communities we serve by providing solutions that benefit the financial health of our members. We are local and strong. Our philosophy is right time, right support, real freedom.”