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Natco Community Empowerment Center saves community members $239,274 in filing fees based on average cost of $316.50

RICHMOND, IN (April 19, 2019) — For the fourth year, Natco Community Empowerment Center (NCEC) has provided free basic tax preparation services to community members in the Richmond and Connersville area. NCEC has been a Volunteer Income Tax Assistance (VITA) site since 2016.

This year, NCEC prepared and submitted 756 returns for Natco Credit Union members and individuals and families in the Richmond and Connersville areas. In total, this year’s Federal refunds were $999,057 and State refunds were $135,976. The average fee to prepare a tax return is $316.50*. By providing our services for free, individuals and families saved $239,274 in fees. The community also benefits when these funds are spent locally.

Natco Community Empowerment Center provides various no-cost programs and services to members of our community. These include connection to local immediate need resources/assistance programs, job seeking assistance, money management counseling, trainings/classes/workshops and much more. All services are individualized and based around the needs and plans of the individual. NCEC operates under Natco Credit Union. Programs and services are provided in part through funding from the United Way.

* Amounts are based on basic fees charged by paid preparers as stated in 2017 Annual Survey of Tax Return Preparation Fee by the National Society of Accountants (Sch. C).

About Natco Community Empowerment Center

For more information about NCEC, please contact Dana or Taria at (765)983-4766 or visit the Natco Community Empowerment website www.natcocu.org/NCEC .