Centra Credit Union (IN) Offers 10-Month CD, 3.25% APY


UPDATE 5/23/2019: 10-month Investors One-Day Share Certificate is available for two weeks, beginning today. Only available in-branch or by phone.

UPDATE 5/21/2019: 10-month Investors One-Day Share Certificate can be opened in-branch or by phone. Status of online application is still unknown.

Deal Summary: 10-month Investors One-Day Share Certificate, 3.25% APY, $5k min/$100k max deposit

Availability: Residents of 61 Indiana and seven Kentucky counties

Thanks to a DA reader who emailed me, I’m able to give a heads-up about a 10-month CD being offered for one day (May 23) by Centra Credit Union (Centra CU). The DA reader learned about this very limited-time offering when he visited a branch earlier this week. This CD doesn’t appear on the Centra CU’s website, the Call Center hadn’t been informed about the CD when I called, and I don’t even know what it's being called. (One-Day Share Certificate will do until the CD is officially announced.) A very helpful CSR at the Call Center did some sleuthing for me and confirmed the details: 10-month One-Day Share Certificate, 3.25% APY, $5k minimum/$100k maximum deposit. UPDATE: While you can deposit more than $100k, a 0.95% APY applies.

Last November, Centra CU offered a one-day 6-month CD on Black Friday (5% APY, $6.5k max) that will be maturing next week. According to the CSR that the DA reader spoke with, Centra CU is hoping to keep those maturing funds in-house by offering another one-day CD with a great rate. The CSR I spoke with was told that more details about this special offering would be made available next week. Stay tuned for updates.


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, or White.

Kentucky Counties: Bullitt, Henry, Jefferson, Oldham, Shelby, Spencer, or 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 can be done online, on the phone, or in-person at any of 24 full-service Indiana branches located in Carmel, Clarksville, Columbus (8), Edinburgh, Greensburg, Indianapolis, Jeffersonville (2), Madison, New Albany (2), North Vernon, Scottsburg (2), Sellersburg, Seymour, and Shelbyville. There are also branches in Lakewood, New York, and Whitakers, North Carolina, which were originally opened when the Credit Union was affiliated with Cummins Engine Company.

At this time, Centra CU has not announced how the 10-month One-Day Share Certificate can be opened (in-branch? online? phone?). CSR stated that information would be made available next week, although she didn’t know when next week. As soon as I can get a definitive answer, I will update this blog post.

UPDATE 5/23/2019: The 10-month Investors Share Certificate is available for two weeks (beginning May 23, 2019) and can only be opened in-branch or by phone.

Centra CU participates in the CO-OP Shared Branch network, allowing members to,

Visit over 5,000 convenient branch locations and more than 2,000 self-service locations covering all 50 states – simply have your credit union name, account number, and a government ID and you’ll have access to your accounts.

Use nearly 30,000 surcharge-free ATM locations—more than some of the biggest banks offer.

Credit Union Overview

Centra Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.50% (excellent) based on December 31, 2018 data. In the past year, Centra CU has increased its total non-brokered deposits by $48.86 million, an excellent annual growth rate of 4.13%. 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 nearly 120,000 members and assets in excess of $1.4 billion.

How the Investors Share Certificate Compares

When compared to 364 similar length-of-term CDs tracked by DepositAccounts.com that require a minimum deposit of $10k or less and are available within the FOM, Centra Credit Union’s 10-Month Investors Share Certificate APY currently ranks first.

The above rates are accurate as of 5/17/2019.

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

Related Pages: Buffalo CD rates, Indianapolis CD rates, Louisville CD rates, Raleigh CD rates, 1-year CD rates

  |     |   Comment #1
On behalf of those in the right location, thanks for getting this posted in advance.
  |     |   Comment #2
Why does the qualification area map show New York State?
  |     |   Comment #3
From the Availability section above: "There are also branches in Lakewood, New York, and Whitakers, North Carolina, which were originally opened when the Credit Union was affiliated with Cummins Engine Company."
  |     |   Comment #4
If the "black Friday" one day special matures on Saturday May 25 I would guess this promo begins on Thursday the 23rd and ends some time during the grace period of the black Friday deal.
  |     |   Comment #5
May 23...Listed under Investors Certificates . "Limited time certificate special, Make your Summer Sweeter" Gentleman start your engines.
  |     |   Comment #6
Just opened the 10 month/ 3,25% in branch. CSR claimed that this 10 month share certificate is available until it isn't. They have a funding goal. Time available will depend upon those renewing the previous special and public demand. Centra does not even have their internal marketing for this special program in full swing until tomorrow. Branch traffic was "normal" today per CSR. No IRAs allowed under this special. Any posting of interest or anything that increases the balance above $100K, the overage will earn only 0.95%. Just those amounts over $100K receive the reduced rate. Monthly interest can either be accrued to certificate, posted to a Centra checking account (free account available), or mailed via check. Thanks.
  |     |   Comment #7
A lot of work for 10 month lock up considering 10 months from now rates will be lower...why some invest in non liquid CD's for such short durations I have no idea. Especially when there is a cap of 100k. Money market accts are paying upwards of 2.50 APY and they are liquid accounts with no cap. Scratching my head.
  |     |   Comment #8
Yes, I think this 10-Mo CD, 3.25% is decidedly the best thing going today. Opening online membership was fairly easy, after talking to a Rep by phone. When I went to the site this Special was not mentioned, but the Rep told me to just open a Savings or Checking with the minimum $5. Then when opened I could ACH funds, which I plan. The One Big problem is this long week-end & the fact that I didn't start the opening until Friday, 9/24. So only hoping it lasts until I can get my funds there.
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.

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


Continue Reading
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.