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3801 Tupelo Dr PO Box 789
Columbus, IN 47201-7293

Centra Credit Union is headquartered in Columbus and is the 3rd largest credit union in the state of Indiana. It is also the 166th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 240 employees and 128,303 members. Centra Credit Union's money market rates are 48% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

If you live or work in the following Indiana counties, you are eligible to bank at Centra Credit Union. Immediate family members of those eligible may also join Centra Credit Union. Bartholomew, Boone, Brown, Clark, Crawford, Dearborn, Decatur, Floyd, Franklin, Hamilton, Hancock, Harrison, Hendricks, Jackson, Jefferson, Jennings, Johnson, Lawrence, Monroe, Morgan, Ohio, Orange, Perry, Ripley, Rush, Scott, Shelby, Switzerland, Washington, Most of Marion County - includes the following townships: Center, Franklin, Lawrence, Pike, Perry, Warren, Washington and Wayne. - See Details

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Reviews (3)

Great Credit Union!

Centra credit union is a great place to do business. They have trustworthy workers, and they work hard to make their clients happy. Their customer service is second to none. Their fees are competitive and they do not gouge you for more money. No complaints here.

Run From Centra Credit Union

Centra is an example of why people keep their money in mattresses. Never again will I use this bank.

Friendly local credit union

Over the past decade banking with this credit union they have always been polite and service oriented. The facilities are clean, organized and well staffed so that there are not long lines.

The car loan rates are competitive as are the home equity loan rates. Additionally they offer HSA accounts and CDs. The 'free checking' account is genuinely free, with no charges (except overdraft, if your associated savings account doesn't have sufficient funds). Check them out it is worth your time.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Centra Credit Union had $3.36 million in non-current loans and owned real-estate with $140.31 million in equity and loan loss allowances on hand to cover it. This gives Centra Credit Union a Texas Ratio of 2.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Centra Credit Union decreased dramatically from 4.72% as of March 31, 2013 to 2.40% as of March 31, 2014, resulting in a positive change of 49.19%.This indicates that the balance sheet and financial strength for Centra Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Centra Credit Union has increased its total deposits by $38.36 million, resulting in 3.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Centra Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Centra Credit Union has $1.24 billion in assets with $140.31 million in equity, resulting in a capitalization level of 11.29%, which is excellent.

Institution Statistics

NCUA #68287
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$1.24 billion
Loans$666.50 million
Deposits$1.07 billion
Equity Capital$132.11 million
Loan Loss Allowance$8.20 million
Unbacked Noncurrent Loans$2.40 million
Real Estate Owned$964,000
Historic Data - March 2013
Assets$1.20 billion
Equity Capital$123.55 million
Loan Loss Allowance$8.20 million
Unbacked Noncurrent Loans$2.40 million
Real Estate Owned$2.01 million
Profit Margin - Quarterly
Net Interest Margin0.83%
Return on Assets0.88%
Return on Equity8.3%
Interest Income$7.65 million

Always verify rates and promotions with the bank or credit union. We are not Centra Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Centra Credit Union Savings Account Rates

0.55%$50k-HSA Money Market Savings
0.40%$50k-Classic Plus Shares
0.30%$15k-HSA Tiered Checking
0.12%$1k-IRA Subshare
0.12%--Share Savings
0.12%--Christmas Club
0.12%--Special Shares
0.12%--Vacation Shares
0.12%--Business Share Savings
0.12%$1k-Roth IRA Subshare
0.12%$1k-CESA Subshare
0.12%--Business Special Savings
0.12%--Business Savings Escrow

Centra Credit Union Money Market Rates

0.65%$100k-Investors Money Market Savings
0.60%$500k$5mBusiness Premium Money Market Savings
0.40%$50k-Money Market Savings
0.35%$50k-Premium Money Market Checking

Centra Credit Union Checking Account Rates

4.00%-$1kHigh Interest Checking - Qualifying
0.10%$1k-Advantage Checking
0.10%--High Interest Checking - Non Qualifying

Centra Credit Union CD Rates

2.05%$1k-60 Month Raise Your Rates CD
1.50%$500-5 Year Share Certificate
1.45%$500-4 Year Share Certificate
1.00%$500-3 Year Share Certificate
0.95%$1k-3 Year Medex Share Certificate
0.90%$100k-30 Month Share Certificate
0.90%$1k-36 Month Raise Your Rate CD
0.85%$100k-24 Month Share Certificate
0.80%$100k-18 Month Share Certificate
0.70%$5k-13 Month Web Only Investor Certificate
0.65%$500-Freedom 18 Month Share Certificate
0.55%$100k-12 Month Share Certificate
0.55%$5k-13 Month Investor Certificate
0.50%$5k-10 Month Investor Certificate
0.50%$5k-12 Month Investor Certificate
0.45%$5k-7 Month Investor Certificate Special w/ Relationship
0.30%$100k-6 Month Share Certificate
0.30%$5k-6 Month Investor Certificate
0.30%$5k-7 Month Investor Certificate
0.25%$100k-3 Month Share Certificate
0.25%$5k-3 Month Investors Certificate
0.25%$5k-4 Month Investors Certificate
0.20%$25k-7 Day Certificate

Centra Credit Union IRA Rates

2.05%$1k-60 Month Raise Your Rate IRA
1.50%$500-5 Year IRA Certificate
1.45%$500-4 Year IRA Certificate
1.00%$500-3 Year IRA Certificate
0.90%$1k-36 Month Raise Your Rate IRA
0.80%$500-2 Year IRA Certificate
0.65%$500-18 Month IRA Certificate
0.65%$500-18 Month Money Market IRA Certificate
0.55%$500-12 Month IRA Certificate

Centra Credit Union has 25 locations. Click to view all Centra Credit Union locations.