Centra Credit Union began when eight employees of the Cummins Engine Company came together to find a convenient place to save their hard-earned money while having access to low-cost credit. This foundational principle of "People Helping People" led to the growth of Centra Credit Union and is still at the center of who we are. As a not-for-profit financial institution, our profits go back to you in the form of cash rewards, better rates, and lower fees. When you open an account at Centra, you become one of the owners of the Credit Union. Centered Around You: that’s the Centra promise. It’s about the relationships we have with our Members and the fact that our Members are the reason for everything we do.
Cashback Checking lets you earn unlimited cash rewards based on how much you use your account! With this account, you can earn cash each time you use your debit card. At the end of each month, your rewards will be deposited into your Member Loyalty Account (MLA)! If you don’t meet the rewards requirements, you’ll still have a checking account with no minimum balance and no monthly maintenance fees.
Video: Cashback Checking
You don’t have to be a high-roller to get a great interest rate on your money! With Centra’s High Interest Checking accounts, you can earn money on your balance while saving money on fees.
Everything in life starts with an opportunity, including the second chance to build a strong financial record. Get your finances in order and rebuild your financial record with an Opportunity Savings and Checking account. All Opportunity Checking accounts will be reviewed every month to evaluate the last six months of history. Opportunity Checking accounts will be automatically upgraded to Cashback Checking if certain requirements are met.
Opening a Membership Savings account establishes you as a Centra Credit Union Member. That means you’re a part-owner of the credit union!
When you open a consumer checking account with Centra, you get a Member Loyalty Account (MLA) to go with it. That’s because having an eligible checking account is the only requirement for participating in Centra’s Member Loyalty Rewards! The MLA is where your all-cash rewards are deposited, in one place, so you can watch your balance grow.
Have you ever heard the expression that it takes money to make money? Well, you’ve already got what it takes: money in your checking or savings account. If your balance is typically at least $1,000, you can put it to work earning higher dividends with a Centra Investors Money Market account.
You never stop growing, so your money shouldn’t either! A certificate account is a great way to make your money grow in either the short- or long-term. Plus, you can grow your money even faster by directing your certificate interest to your Member Loyalty Account! Certificate accounts at Centra are fixed-rate, fixed-term investments that offer competitive dividends and guaranteed security. You can choose between a variety of term lengths (from 7 days to 5 years*) to meet your personal financial needs.
It’s never too early to start saving for education or retirement expenses. From setting money aside for college expenses to planning ahead so you can reap the rewards of your hard-working years, we offer investment options that will help your money grow.
Taking care of your health doesn’t have to mean worrying about your money. Feel better about both with a Health Savings Account (HSA). An HSA helps you set money aside so you can be prepared for medical-related expenses.
Everything in life starts with an opportunity, including the second chance to build a strong financial record. Get your finances in order and rebuild your financial record with an Opportunity Savings and Checking account.
The monthly principal and interest payments remain the same throughout the life of the loan, and your monthly payment would only change due to property taxes or insurance.A fixed-rate mortgage is beneficial if you, plan to stay in your home for 10 years or more, prefer a payment that doesn’t change, and want your interest rate to remain the same for the life of the loan.
Don’t waste money paying rent on a property you will never own. Take advantage of low mortgage rates now, and get in your dream home sooner. The Zero Down Mortgage is beneficial if you have less than 5% of the purchase price to put down, want to start building equity in the home you own, or want to have more term options.
With a smaller down payment, you can get into the home of your dreams sooner, lock in great mortgage rates, and keep more money in savings. Make a down payment of 5% or more and you may be able to skip paying mortgage insurance. The First-Time Homebuyer Mortgage is beneficial if you want to save on mortgage insurance, have less than 20% to put down, or are buying your first home.
Short-term financing that provides the freedom to build your dream home or remodel your current home with the added benefit of paying interest only payments on the amount you need to borrow until construction is complete.
Adjustable-rate mortgages (ARMs) are good for borrowers who would like lower payment amounts at the beginning of the loan, who plan to own the home for a short period of time, or want to take advantage of possibly lower interest rates in the future. The trade-off for this product is that after the initial rate period is over, the interest rate can increase based on market conditions. ARMs are beneficial if you only plan on owning the home for a short time, want lower payments at the beginning of the loan, or think interest rates may go down in the future.
A $0 Closing Cost Mortgage can save you thousands of dollars on the initial cost of your mortgage. It’s also a good option if you’re looking to refinance and lower your monthly payment without going through the expense of closing costs again. A $0 Closing Cost Mortgage is beneficial if you want to keep more cash on hand, are looking to refinance without the major expense of closing costs, or want to finance for a short term.
Exclusively available for borrowers with certain advanced degrees in specific fields. Options include those with or without private mortgage insurance and may not require a down payment.
Homebuyers may not always have a sizable down payment or perfect credit. This option allows you to move into your home with more flexible financing options. FHA helps buyers achieve the dream of affordable home ownership.
Eligible veterans, reservists, and Active Duty personnel and their eligible spouses with suitable credit, sufficient income and a valid Certificate of Eligibility (COE) can take advantage of 100% financing options with a VA Mortgage, guaranteed by the Department of Veterans Affairs.
Offers options that require no down payment for a new project, recently constructed home, or current home in rural or suburban communities. If you don’t have a large down payment and you meet the USDA requirements, this option is great for certain home buyers.
A home equity loan can give you the money you need for a large, one-time purchase! A home equity loan offers a fixed rate, which means your monthly payments will be predictable.
A home equity line of credit gives you access to a lower-cost form of credit to use whenever you need it. With a home equity line of credit, you can pay for expenses or opportunities whenever they pop up.
Hit the road with confidence with an auto loan from Centra Credit Union.
Want to feel the thrill of the open road or enjoy relaxing to the sound of the waves? You can, with a little help from Centra! Find your paradise with great rates on loans for motorcycles, campers, boats, trailers, scooters, and lawn equipment. We’ll finance up to 100% of the purchase price, plus tax, license, and warranty for new and used vehicles up to 10 years old.
You never know what obstacles or opportunities life might bring, so it’s always important to be prepared. With a personal loan from Centra, you have the freedom to cover whatever expenses or chances come your way! Personal loans are made to fit your wants, needs, and dreams. Whether you’re looking to pay off high-interest debt or take a once-in-a-lifetime trip, your options are limitless!
You never know what obstacles or opportunities life might bring, so it’s always important to be prepared. With a personal line of credit from Centra, you have the freedom to cover whatever expenses or chances come your way! Personal lines of credit are flexible and made to fit your wants, needs, and dreams. Whether you’re looking to pay off high-interest debt or take a once-in-a-lifetime trip, your options are limitless!
Great for those with excellent credit looking for premier cardholder perks.
Designed for those who want to combine great rates with great rewards.
Perfect for anyone looking to build credit or to rebuild their finances.
Our Business Community Checking is a good fit for not-for-profit groups that have a relatively low number of monthly transactions.
Your business deserves VIP treatment no matter what its size. That’s why Centra offers Small Business Checking accounts with a variety of free services and no monthly maintenance fee.
If you operate a medium to large business with higher monthly transactions, then a Select Business Checking account from Centra is a great fit. This account still gives you the benefit of free convenience services, but supports your higher business volume.
You have goals for your business. Dreams. And the right business savings account can help you achieve them. Centra Credit Union’s business savings accounts offer competitive interest rates and low fees. Just make a $25 deposit to open your account and become a Centra Credit Union Member. You’ll then be able to open additional accounts, apply for loans, and take advantage of 24/7 digital banking.
Your business can be unpredictable. You can’t always tie up its funds in a long-term deposit. But you can still use those funds to earn competitive interest rates. With Business Premium Money Market accounts from Centra Credit Union, you earn interest reflecting money market fluctuations without committing to a term deposit.
Business Certificates are a great way to earn a guaranteed return on your investment with no risk of market fluctuation. With terms ranging from seven days to five years, you have plenty of options for short- and long-term investing, which makes it easy to set aside money now for future growth you can count on.
When it comes to your business, we know location is important. Whether you’re just getting started, moving to a better location, or ready to grow into a larger space, we offer commercial real estate options that can help. We can also assist you if you’re looking for financing for a suitable investment real estate opportunity. Commercial real estate loans can finance either owner-occupied or investment real estate. If you already have a commercial mortgage, Centra can help save money by refinancing your existing loan or consolidating several loans.
Are you looking for the right location & building for your business? Don’t settle for a space that doesn’t meet your short- or long-term needs. Expand or renovate your current building or build a new one with a commercial construction loan from Centra! We will help you through the entire process, from concept to completion. So, draw up those blueprints. Knock down a wall. Build a whole new warehouse. We’ll be here to guide and support you every step of the way.
No matter the size of your business, we can help make day-to-day purchases and business expenses easier to manage with a business credit card.
Running an effective business takes proper funding, and sometimes your cash flow can be unpredictable or seasonal. Keep your operation running smoothly with short-term working capital when you open a business line of credit from Centra.
Don’t let big investments give you big headaches. Whether you need one truck, a fleet of delivery vehicles, or new equipment that increases production, Centra’s business equipment loans can help your business grow and succeed. With a loan from Centra, you can purchase a wide array of equipment and other fixed assets under the most beneficial structure for your business.
