# Centra Credit Union

> Centra Credit Union is a member-owned, not-for-profit financial cooperative founded by eight Cummins Engine Company employees in 1940. Based in Columbus, Indiana, it offers consumer and business banking, lending, digital services, investment services and financial education, with a cash-based Member Loyalty Rewards program launched in 2021.

- **Founded:** 1940
- **Headquarters:** Columbus, United States
- **Founders:** Eight employees of Cummins Engine Company (Founding members)
- **Products:** Member Loyalty Rewards, Cashback Checking, Savings and certificates, Consumer lending, Digital banking
- **Notable:** Launched cash-based Member Loyalty Rewards in 2021., Completed the NorthPark Community Credit Union merger in 2024., Announced more than $1.5 million in February 2026 loyalty bonuses.

## Products & services

- **Member Loyalty Rewards** — Cash-based rewards and a linked Member Loyalty Account; launched in 2021 after research and member testing.
- **Cashback Checking** — No monthly maintenance fee or minimum balance; qualifying tiers pay debit-card cash rewards and limited external ATM fee refunds.
- **Savings and certificates** — Membership Savings requires a $5 opening deposit; also offers money markets, certificates, IRAs and health savings accounts.
- **Consumer lending** — Auto loans, mortgages, home equity loans, personal loans and credit cards, subject to underwriting.
- **Digital banking** — Mobile deposit, card controls, alerts, external-account links, transfers and financial wellness tools.
- **Business banking and treasury management** — Commercial loans, checking, savings, ACH payments, remote deposit, sweeps, zero balance accounts and merchant services.
- **Onward** — Financial inclusion and free bilingual education, workshops and coaching; expanded from the former NorthPark operation.
- **Opportunity Accounts** — Second-chance checking and savings with a defined route to upgrade after qualifying account history.
- **Centra Financial Services** — Investment and financial planning services available through its financial services offering.

## Achievements

- Launched cash-based Member Loyalty Rewards in 2021.
- Completed the NorthPark Community Credit Union merger in 2024.
- Announced more than $1.5 million in February 2026 loyalty bonuses.
- Reported its fourth Forbes Best-in-State Credit Union recognition in 2026.
- Helped assemble $75,000 for Turning Point shelter repairs in 2026.

## Latest updates

- **2026-01** — Brad Davis succeeded Rick Silvers as President and CEO following Silvers’ January 9 retirement.
- **2026-02** — Announced more than $1.5 million in loyalty bonuses, scheduled around February 19, with $10-$30 for each eligible member.
- **2026-06** — Named to the Forbes/Statista Best-in-State Credit Unions list for 2026, according to Centra.
- **2026-10** — Announced $75,000 in combined grants for Turning Point Domestic Violence Services shelter repairs.

## Links

- Website: https://www.centra.org/
- LinkedIn: https://www.linkedin.com/company/centra-credit-union
- Twitter/X: https://twitter.com/centracu
- Instagram: https://instagram.com/centracu
- Facebook: https://www.facebook.com/pages/Centra-Credit-Union/117398015308

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Profile page: https://yespress.io/centra-credit-union
Published by YesPress — https://yespress.io
Last updated: 2026-10-25