Featured Savings Rates
Featured Accounts

Centra Credit Union

Popular Accounts at this Credit Union

1.80%4-year CD4 Year Share CD
2.00%18-month CD19 Month Share Certificate Special
1.75%4-year IRA4 Year IRA Certificate (Traditional, Roth, CESA)

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

Centra Credit Union is headquartered in Columbus and is the 5th largest credit union in the state of Indiana. It is also the 192nd largest credit union in the nation. It was established in 1940 and as of December of 2017, it had grown to 327 employees and 112,363 members at 25 locations. Centra Credit Union's money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Centra Credit Union is open to those who live or work in Adams, Allen, Bartholomew, Blackford, Boone, Brown, Carroll, Cass, Clark, Clay, Clinton, Crawford, Dearborn, Decatur, Delaware, Fayette, Floyd, Franklin, Grant, Greene, Hamilton, Hancock, Harrison, Hendricks, Henry, Howard, Huntington, Jackson, Jay, Jefferson, Jennings, Johnson, Lawrence, Madison, Miami, Monroe, Montgomery, Morgan, Ohio, Orange, Owen, Parke, Perry, Putnam, Randolph, Ripley, Rush, Scott, Shelby, Sullivan, Switzerland, Tippecanoe, Tipton, Union, Vigo, Wabash, Washington, Wayne, Wells, and White Counties and select townships in Marion County in Indiana or in Bullitt, Henry, Jefferson, Oldham, Shelby, Spencer, and Trimble Counties in Kentucky.
See current membership details

Related Posts

Centra Credit Union (IN/KY) Adds 47-month Special Rate CD - 10/2/2017

Centra Credit Union (IN/KY) has added a 47-month Special Rate Share Certificate that earns 2.40% APY ($100k minimum) or 2.25% APY ($1k minimum).

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Reviews (8)

Disappointed in Rewards Checking

I have banked with this company for over 10 years now. The Rewards Checking account is misleading because there are stipulations on how the debt card issued for your account can be used to earn points. If you use a pin number, which is automatic for most debt cards, no rewards earned. The transactions must be "signature based" transactions. When you are issued a new card you have to register that card with the rewards account, but it is not tied to your previous card account. I had yet to earn points even after months on this even though I pay $4 per month for the account and switched to a no fees checking. This account seemed to be more of a scam for people who don't want a credit card. The bank at 1 point took money out of my 5 year olds savings account because of her fathers late payment on his loan after we separated. If took a court order to have his name removed from the account because he was still taking her money.

Friendly local credit union

Posted by: ej2014 | Jun 18, 2014

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.

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.

Rewards Checking

I signed up for rewards checking over 5 years ago with the understanding that I would earn points like a credit card. But within that time I have received not even 1000 points total. First you register your card and use it, but the fine print reads using the card with a pin does not reward points. I was paying $4.00 a month for something that had no reward. On top of that they do not inform you that if you get a new card you have to go back and register all over again. Unless you plan to use your account without entering a pin number for transactions it will do you very little good. I have also had direct deposit paychecks not show up until 10-11am on multiple occasions. Normally funds were available at 5am and have to wait many more hours sometimes meant not having money when it was needed.

Centra Credit Union

Posted by: rres | Jan 27, 2015

I have been a member of Centra Credit Union for over eight years. Overall, this is an average bank. While their customer service at the Edinburgh branch is great, their main branch's service leaves much to be desired. They are also very quick to act if your debit card as been compromised. One of my biggest complaints about this bank is that it's their policy to charge $0.50 to transfer money from savings to checking accounts when the checking account has been overdrawn. When I first opened my accounts, the bank did not charge anything to transfer between connected accounts. Centra also does not have a feature on it's iPhone app to let you know if you've overdrawn your account. I would be much happier with my mobile experience if this feature was added seeing as a $26.00 fee is charged if you overdraw your account.

Horrible Business!!!!

DO NOT DO BUSINESS with this bank. They will rob you blind to line their pockets! They sneak in hidden fees and are completely unreasonable and crooked! Customer service is awful and they will not help. If you get a loan, make sure you pick a different bank! This bank is nothing but crooks!

Online Services

Posted by: Jim Brown | Dec 28, 2016

If you need to use online services stay as far away from this credit union as you can. I think banks in third world countries have a better IT system. You will experience frequent outages and it will lock you out of your account and not recognize your account number. Banking with Centra is a headache you may want to avoid

Run From Centra Credit Union

Posted by: Anonymous | Aug 8, 2012

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


Health Grade Components

NCUA #68287
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD8.06%
Annual Interest Income$42.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.42B$1.36B
LoansQ4 2017vs Q4 2016$1.01B$924.6MM
DepositsQ4 2017vs Q4 2016$1.18B$1.16B
Equity CapitalQ4 2017vs Q4 2016$179.1MM$165.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$8.4MM$9.4MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.4MM$2.9MM
Real Estate OwnedQ4 2017vs Q4 2016$0$69.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Centra Credit Union Savings Account Rates

0.75%*$50k*-Classic Plus Shares
OTHER TIERS: 0.30% Up to $1k | 0.40% $1k - $5k | 0.50% $5k - $15k | 0.60% $15k - $25k | 0.70% $25k - $50k
0.30%*$15k*-HSA Tiered Checking
OTHER TIERS: 0.10% $500 - $1k | 0.15% $1k - $5k | 0.25% $5k - $15k
0.20%$1k-IRA Subshare
0.20%--Regular Shares
0.20%--Christmas Club
0.20%--Special Shares
0.20%--Vacation Shares
0.20%--Business Share Savings
0.20%--Business Special Savings
0.20%--Business Savings Escrow

Centra Credit Union Money Market Rates

1.50%*$1m*$5mBusiness Premium Money Market Savings
OTHER TIERS: 0.50% $7,500 - $25k | 0.60% $25k - $50k | 0.90% $50k - $250k | 1.01% $5mm+ | 1.40% $250k - $1mm
1.40%*$250k*-Investors Money Market Savings
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $25k | 0.60% $25k - $50k | 0.90% $50k - $250k
0.75%*$50k*-Money Market Savings
OTHER TIERS: 0.30% Up to $1k | 0.40% $1k - $5k | 0.50% $5k - $15k | 0.60% $15k - $25k | 0.70% $25k - $50k
0.60%*$50k*-HSA Money Market Savings
OTHER TIERS: 0.15% $2,500 - $5k | 0.20% $5k - $10k | 0.25% $10k - $25k | 0.50% $25k - $50k
0.50%*$50k*-Premium Money Market Checking
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k

Centra Credit Union Checking Account Rates

4.07%*-$1kHigh Interest Checking
OTHER TIERS: 0.25% $5k+ | 2.02% $1k - $5k
0.15%$1k-Advantage Checking

Centra Credit Union CD Rates

2.25%*$100k*-37 Month Share Certificate Special
OTHER TIERS: 2.10% $500 - $100k
2.25%*$100k*-Business 37 Month Share Certificate Special
OTHER TIERS: 2.10% $1k - $100k
2.15%*$100k*-5 Year Share CD
OTHER TIERS: 2.10% $500 - $100k
2.15%*$100k*-Business 5 Year CD
OTHER TIERS: 2.10% $1k - $100k
2.00%$5k-60 Month Raise Your Rate CD Special
2.00%*$100k*-19 Month Share Certificate Special
OTHER TIERS: 1.86% $500 - $1mm
2.00%$5k-Business 60 Month Raise Your Rate CD Special
2.00%*$100k*-Business 19 Month Share Certificate Special
OTHER TIERS: 1.86% $1k - $100k
1.80%*$100k*-4 Year Share CD
OTHER TIERS: 1.75% $500 - $100k
1.80%*$100k*-Business 4 Year CD
OTHER TIERS: 1.75% $1k - $100k
1.55%*$100k*-3 Year Share CD
OTHER TIERS: 1.50% $500 - $100k
1.55%*$100k*-Business 3 Year CD
OTHER TIERS: 1.50% $1k - $100k
1.25%*$100k*-30 Month Share CD
OTHER TIERS: 1.20% $500 - $100k
1.25%*$100k*-Business 30 Month CD
OTHER TIERS: 1.20% $1k - $100k
1.20%*$100k*-24 Month Share CD
OTHER TIERS: 1.15% $500 - $100k
1.20%*$100k*-Business 24 Month CD
OTHER TIERS: 1.15% $1k - $100k
1.10%$5k-36 Month Raise Your Rate CD Special
1.10%$5k-Business 36 Month Raise Your Rate CD Special
1.00%*$100k*-18 Month Share CD
OTHER TIERS: 0.95% $500 - $100k
1.00%*$100k*-Business 18 Month CD
OTHER TIERS: 0.95% $1k - $100k
0.95%$1k-3 Year Medex Share CD
0.95%$1k-Business 3 Year Medex Share CD
0.90%*$100k*-12 Month Share CD
OTHER TIERS: 0.85% $500 - $100k
0.90%$5k-13 Month Investors CD
0.90%*$100k*-Business 12 Month CD
OTHER TIERS: 0.85% $1k - $100k
0.90%$5k-Business 13 Month Investors CD
0.85%$5k-12 Month Investors CD
0.85%$5k-Business 12 Month Investors CD
0.80%*$100k*-6 Month Share CD
OTHER TIERS: 0.75% $1k - $100k
0.80%$5k-8 Month Investors CD w/ Checking
0.80%*$100k*-Business 6 Month CD
OTHER TIERS: 0.75% $1k - $100k
0.80%$5k-Business 8 Month Investors CD w/ Checking
0.75%$5k-6 Month Investors CD
0.75%$5k-10 Month Investors CD
0.75%$5k-13 Month Investors CD - Web Only
0.75%$5k-Business 6 Month Investors CD
0.75%$5k-Business 10 Month Investors CD
0.75%$5k-Business 13 Month Investors CD - Web Only
0.65%$500-18 Month Freedom Share CD
0.65%$1k-Business 18 Month Freedom Share CD
0.30%*$100k*-3 Month Share CD
OTHER TIERS: 0.25% $1k - $100k
0.30%$5k-4 Month Investors CD
0.30%*$100k*-Business 3 Month CD
OTHER TIERS: 0.25% $1k - $100k
0.30%$5k-Business 4 Month Investors CD
0.25%$25k-7 Day Investors CD
0.25%$5k-3 Month Investors CD
0.25%$5k-Business 3 Month Investors CD
0.25%$25k-Business 7 Day Investors CD

Centra Credit Union IRA Rates

2.10%$500-5 Year IRA Certificate
2.00%$5k-60 Month Raise Your Rate IRA Special
1.75%$500-4 Year IRA Certificate
1.50%$500-3 Year IRA Certificate
1.15%$500-2 Year IRA Certificate
1.10%$5k-36 Month Raise Your Rate IRA Special
0.95%$500-18 Month IRA Certificate
0.85%$500-12 Month IRA Certificate
0.75%$500-18 Month Money Market IRA Certificate