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 also join Centra Credit Union.

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, Switzerland, and Washington County. Most of Marion County qualifies, with the exception of Decatur Township.

For a detailed map of the eligible counties, please refer to Centra Credit Union’s Membership Map.

Joining Centra Credit Union and opening a CD can be done online, on the phone, or in-person at any of 19 full service Indiana branches located in Carmel, Clarksville, Columbus (5), Edinburgh, Greensburg, Indianapolis, Jeffersonville, Madison, New Albany, North Vernon, Scottsburg (2), Sellersburg, Seymour, and Shelbyville. Centra Credit Union also has a branch in Jamestown, New York, and a branch in Whitakers, North Carolina.

Credit Union Overview

Centra Credit Union has an overall health grade of A at DepositAccounts.com, with a Texas ratio of 3.64% (excellent) based on June 30, 2014 data. Centra Credit Union has an excellent capitalization level of 11.67%, holding assets of $1.22 Billion, with $142.58 Million in equity. Please refer to our financial overview of Centra Credit Union for more details.

Centra Credit Union began in 1940 (NCUA Charter # 68287) as Cummins Employees Federal Credit Union, established by eight employees of the Cummins Engine Company. 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.

In 1995, the name was changed to Centra Federal Credit Union, reflecting the company's growth and diversity. The credit union became state-chartered in 1997 and is known today as Centra Credit Union, with 127,000 members and assets of more than $1 Billion.

How the Rate Compares

The unique length of term of this 4-month Investor CD Special makes "like" comparisons somewhat problematic. When compared to similar length-of-term CDs tracked by DepositAccounts.com and available to Indiana residents, Centra Credit Union’s 4-month Investors CD Special is very competitive:

Interest Rate CD Length Institution
1.05% APY 61-day CD INOVA Federal Credit Union
1.00% APY 4-month Investor CD Centra Credit Union
0.50% APY 3-5 month CD Digital Credit Union

These rates are accurate as of 9/21/2014.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

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....

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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...

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