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


Deal Summary: 47-month Special Rate Share Certificate, 2.40% APY ($100k), 2.25% APY ($1k)

Availability: Residents of 61 Indiana and seven Kentucky counties

Over the weekend, Centra Credit Union (Centra CU) added two Special Rate Share Certificates with tiered rates: 19-month (1.50 % APY, $500; 1.65% APY, $100k) and 47-month (2.25% APY, $1k; 2.40% APY, $100k). The 47-month is clearly the more competitive of the two.

2.90*%$100k-Centra Credit Union47 Month Share Certificate Special
OTHER TIERS: 2.80% $500 - $1m
2.50*%$100k-Centra Credit Union19 Month Share Certificate Special
OTHER TIERS: 2.40% $500 - $1m
Rates as of March 26, 2019.

According to CSR, the Early Withdrawal Penalty for any of Centra CU’s Share Certificates is “never more than six months interest.”


Headquartered in Columbus, Indiana, Centra Credit Union’s field of membership (FOM) is open to anyone who lives or works in any of the following 61 Indiana or seven Kentucky counties.

Indiana Counties: 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, Marion (with the exception of Decatur Township), 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.

Kentucky Counties: Bullitt, Henry, Jefferson, Oldham, Shelby, Spencer, and Trimble.

Immediate family members of individuals eligible to join also qualify for membership.

For a detailed map of the eligible counties, please refer to Centra CU’s Become A Member page.

Joining Centra CU and/or opening a Special Rate Share Certificate can be done online, on the phone, or in-person at any of 22 full-service Indiana branches located in Carmel, Clarksville, Columbus (7), Edinburgh, Greensburg, Indianapolis, Jeffersonville (2), Madison, New Albany, North Vernon, Scottsburg (2), Sellersburg, Seymour, and Shelbyville. There are also branches in Jamestown, New York, and Whitakers, North Carolina, which were originally opened when the Credit Union was affiliated with Cummins Engine Company.

Credit Union Overview

Centra Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.49% (excellent) based on June 30, 2017 data. In the past year, Centra CU has increased its total non-brokered deposits by $54.14 million, an excellent annual growth rate of 4.79%. Please refer to our financial overview of Centra Credit Union (NCUA Charter # 68287) for more details.

Central Credit was established in 1940 as the Cummins Employees Federal Credit Union by eight Cummins Engine Company employees. At their first organizational meeting, these employees set credit union policies, including a maximum deposit of $7.50 per week and an unsecured loan limit of $25. The name was changed in 1995 to Centra Federal Credit Union, reflecting the company's growth and diversity. In 1997, the Credit Union adopted a state charter and rebranded as Centra Credit Union. Currently the fourth largest credit union in Indiana, Centra CU serves more than with 110,400 members and assets in excess of $1.4 billion.

How the Special Rate Share Certificate Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, Centra Credit Union’s 47-Month Special Rate Share Certificate APYs currently rank first and third, regardless of minimum deposit.

The above rates are accurate as of 10/2/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our Rates Map page.

Related Pages: Buffalo CD rates, Indianapolis CD rates, Louisville CD rates, Raleigh CD rates, 5-year CD rates

gregk   |     |   Comment #1
Why do FI's offer these odd periodicities for CD's so frequently?
I mean 48 months is an even 4 years, - elegant and rounded, - but CCU shaves a month off that as some special attraction. What's the rationale for this?
???   |     |   Comment #2
1 ) they can make up any kind of rules they like
2 ) they dont pay that last month of interest
anonymous   |     |   Comment #3
3) Oddball term CD auto-renews at nearest standard term and associated rates, often significantly below market rates, betting most customers won't notice?
Centra Credit Union Highly Competitive 4-month CD - Local Only

At the end of last week,Centra Credit Union (IN) added a new 4-month Investors CD Special (1.00% APY). It requires a $5K minimum deposit and has a maximum balance cap of $200K.

This Special 1.00% APY rate is available only to deposits new to Centra Credit Union, and there is a $200K cumulative maximum per member.


Membership in Centra Credit Union is open to anyone who lives or works in the 51 Indiana counties listed below. In addition, immediate family members of those eligible may...

Continue Reading
Top 4-Year CD and IRA CD Rate at Centra Credit Union in Indiana

Centra Credit Union is offering a very competitive 4-year CD and IRA CD with a 3.00% APY. Minimum deposit is $500. The credit union also has a special 13-month CD, but its 1.20% APY isn't competitive. These rates are listed in the credit union's rates page as of 9/20/2010. At the top of the rate table, there's a date range of 9/16 to 9/22/2010. It also states that rates are subject to change at any time.

Membership is open to those who live or work in one of many Indiana counties....

Continue Reading
5.75% 7-Month CD at an Indiana CU - and $80 Checking Account Bonus (Centra)
Centra Credit Union is having some nice special offers. One is a 5.75% APY 7-month certificate. The minimum deposit is $500 and the maximum is $250K. It's also available for business deposits.

There's also a $80 bonus when you open a checking account. $75 is paid as a bonus and $5 is paid for your membership deposit. Checking account must be opened with $150 minimum deposit. The first $25 of the bonus will be deposited at account opening and the additional $50 will be deposited once there's an average of...

Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.