Featured Savings Rates
Featured Accounts

Centra Credit Union

Popular Accounts at this Credit Union

1.65%4-year CD4 Year Share Certificate
1.60%4-year IRA4 Year IRA Certificate (Traditional, Roth, CESA)
4.07%Reward CheckingHigh Interest Checking

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

Centra Credit Union is headquartered in Columbus and is the 4th largest credit union in the state of Indiana. It is also the 187th largest credit union in the nation. It was established in 1940 and as of June of 2017, it had grown to 282 employees and 110,487 members at 25 locations. Centra Credit Union's money market rates are 2X the national average, and it boasts 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.
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Reviews (7)

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 - YTD1.15%
Return on Equity - YTD9.34%
Annual Interest Income$20.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.41B$1.33B
LoansQ2 2017vs Q2 2016$959.2MM$862.9MM
DepositsQ2 2017vs Q2 2016$1.19B$1.14B
Equity CapitalQ2 2017vs Q2 2016$174.2MM$161.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$7.7MM$8.8MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$2.6MM$2.2MM
Real Estate OwnedQ2 2017vs Q2 2016$141.00K$26.00K
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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

Centra Credit Union Money Market Rates

1.01%*$250k*-Investors Money Market Savings
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $25k | 0.60% $25k - $50k | 0.75% $50k - $100k | 0.85% $100k - $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*-5 Year Share Certificate
OTHER TIERS: 2.20% $500 - $100k
2.00%$5k-60 Month Raise Your Rate CD Special
1.65%*$100k*-4 Year Share Certificate
OTHER TIERS: 1.60% $500 - $100k
1.35%*$100k*-3 Year Share Certificate
OTHER TIERS: 1.30% $500 - $100k
1.10%*$100k*-30 Month Share Certificate
OTHER TIERS: 1.06% $500 - $100k
1.10%$5k-36 Month Raise Your Rate CD Special
1.06%*$100k*-24 Month Share Certificate
OTHER TIERS: 1.00% $500 - $100k
1.00%*$100k*-18 Month Share Certificate
OTHER TIERS: 0.95% $500 - $100k
0.95%$1k-3 Year Medex Share Certificate
0.95%*$100k*-12 Month Share Certificate
OTHER TIERS: 0.90% $500 - $100k
0.90%$5k-12 Month Investor Certificate
0.80%$5k-8 Month Investors Certificate w/ Checking
0.75%$5k-13 Month Certificate - Web Only
0.65%$500-18 Month Freedom Share Certificate
0.65%$5k-13 Month Investor Certificate
0.60%*$100k*-6 Month Share Certificate
OTHER TIERS: 0.55% $1k - $100k
0.55%$5k-6 Month Investor Certificate
0.55%$5k-10 Month Investor Certificate
0.30%*$100k*-3 Month Share Certificate
OTHER TIERS: 0.25% $1k - $100k
0.30%$5k-4 Month Investors Certificate
0.25%$25k-7 Day Investors Certificate
0.25%$5k-3 Month Investors Certificate

Centra Credit Union IRA Rates

2.20%$500-5 Year IRA Certificate
2.00%$5k-60 Month Raise Your Rate IRA Special
1.60%$500-4 Year IRA Certificate
1.30%$500-3 Year IRA Certificate
1.10%$5k-36 Month Raise Your Rate IRA Special
1.00%$500-2 Year IRA Certificate
0.95%$500-18 Month IRA Certificate
0.90%$500-12 Month IRA Certificate
0.75%$500-18 Month Money Market IRA Certificate