About Centra | History

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For more than 65 years, Centra Credit Union has been known for its commitment to quality service.

The credit union's roots lie in Columbus, Indiana, where eight employees of the Cummins Engine Company founded the institution. Gathered in a small office, they had a simple, single objective: founding Cummins Employees Federal Credit Union. Their goal was to identify a source of low-cost credit and a convenient place to save their hard earned money.

At their first organizational meeting, the eight employees set credit union policies, including a maximum deposit of $7.50 per week and an unsecured loan limit of $25. A charter was granted on October 31, 1940.

In 1995, the name was changed to Centra Federal Credit Union, reflecting the company's growth and diversity. The credit union later became state-chartered and is known today as Centra Credit Union.

Centra has grown to more than 115,000 members and assets of more than $700 million. Twenty-three office locations serve communities in Indiana, New York, and North Carolina. The credit union employs more than 225 people.

Centra Credit Union has been led by Loretta Burd, president and CEO, since 1987.

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