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1430 N National Rd, P.O. Box 789
Columbus, IN 47202

Centra Credit Union is headquartered in Columbus and is the 3rd largest credit union in the state of Indiana. It is also the 169th largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 233 employees and 127,591 members. Centra Credit Union's money market rates are 48% higher than the national average, and it has 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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Run From Centra Credit Union

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


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Centra Credit Union had $7.09 million in non-current loans and owned real-estate with $137.61 million in equity and loan loss allowances on hand to cover it. This gives Centra Credit Union a Texas Ratio of 5.15% 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 slightly from 6.04% as of December 31, 2012 to 5.15% as of December 31, 2013, resulting in a positive change of 14.77%.This indicates that the balance sheet and financial strength for Centra Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Centra Credit Union has increased its total deposits by $46.48 million, resulting in 4.81% 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 $1.19 billion in assets with $137.61 million in equity, resulting in a capitalization level of 11.59%, which is excellent.

Institution Statistics

NCUA #68287
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$1.19 billion
Loans$651.85 million
Deposits$1.01 billion
Equity Capital$129.56 million
Loan Loss Allowance$8.06 million
Unbacked Noncurrent Loans$6.26 million
Real Estate Owned$834,000
Historic Data - December 2012
Assets$1.13 billion
Equity Capital$121.39 million
Loan Loss Allowance$8.16 million
Unbacked Noncurrent Loans$6.26 million
Real Estate Owned$2.00 million
Profit Margin - Quarterly
Net Interest Margin3.18%
Return on Assets0.78%
Return on Equity7.19%
Interest Income$29.96 million

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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
0.10%$1k-Advantage Checking
0.10%--High Interest Checking

Centra Credit Union CD Rates

1.60%$500-5 Year Share Certificate
1.55%$500-4 Year Share Certificate
1.50%$1k-60 Month Raise Your Rates CD
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
0.75%$5k-10 Month Investor Certificate
0.75%$5k-13 Month Web Only Investor Certificate
0.65%$500-Freedom 18 Month Share Certificate
0.65%$100k-18 Month Share Certificate
0.55%$100k-12 Month Share Certificate
0.55%$5k-13 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

1.60%$500-5 Year IRA Certificate (Traditional,Roth,CESA)
1.55%$500-4 Year IRA Certificate (Traditional,Roth,CESA)
1.50%$1k-60 Month Raise Your Rate IRA (Traditional,Roth,CESA)
1.00%$500-3 Year IRA Certificate (Traditional,Roth,CESA)
0.90%$1k-36 Month Raise Your Rate IRA (Traditional,Roth,CESA)
0.80%$500-2 Year IRA Certificate (Traditional,Roth,CESA)
0.65%$500-18 Month IRA Certificate (Traditional,Roth,CESA)
0.65%$500-18 Month Money Market IRA Certificate (Traditional,Roth,CESA)
0.55%$500-12 Month IRA Certificate (Traditional,Roth,CESA)

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