Indiana Credit Union League announced that Natco Credit Union was selected as the first-place winner of the Dora Maxwell Social Responsibility Community Service Award for Indiana in the asset size of $50 million to $250 million.
Dora Maxwell was a credit union pioneer who worked with numerous organizations to improve the living standards of the poor and needy. Many years ago, the Dora Maxwell Social Responsibility Recognition Program was established to encourage involvement in community projects and activities.
Each year, credit unions across Indiana have the opportunity to compete with other credit unions in their asset category for the Dora Maxwell award. This year, we submitted an entry based on our Volunteer Individual Tax Assistance (VITA) program offered through Natco Community Empowerment Center (NCEC). The two-person staff of NCEC found innovative and transformative ways to provide safe alternative methods for collecting tax information and providing finalized returns. During the most recent tax season, they prepared and submitted a total of 1158 returns totaling $1.5 million in Federal refunds and $185,000 in State refunds. By offering this free service, individuals and families saved nearly half a million dollars ($497,940) in fees*. When spent locally, businesses in our area and our economy were stimulated.
On September 10th, Natco Credit Union was recognized as the first-place state winner in the $50 – $250 million asset category. Cindy Duke, CEO, Sherry Dillon, Director of Administration and Innovation and Doug Macias, Community Development Officer accepted the award during the Indiana Credit Union League Convention. As the first-place winner, our entry was forwarded to CUNA (Credit Union National Association) for the national competition.