COLUMBUS, IN (October 2, 2013) -- Centra Credit Union has earned a 5-Star rating by BauerFinancial, Inc., the nation’s leading independent credit union rating and research firm. In fact, this is the 73rd consecutive quarter that Centra Credit Union has merited this highest honor. The 5-Star rating is based on the financial condition of the credit union and indicates that Centra Credit Union is one of the strongest financial institutions in the country. Centra Credit Union has the added distinction of being an “Exceptional Performance Credit Union” for having earned this highest distinction for ten years or longer.
Centra Credit Union holds $1.2 billion in total assets. Doug Harris, Centra President, stated that quarter-end financials maintain the organization’s ranking as the third largest credit union in Indiana, and as the largest locally owned and operated financial institution in Columbus. “Centra is proud to continue a long tradition of strong financial performance and serving our members’ financial needs,” added Harris. Centra’s capital ratio also remains strong at 10.5%, significantly exceeding the regulatory standard of 7.00% for well-capitalized financial institutions.
About Centra
Centra is a community-based, full-service financial institution, serving multiple communities throughout central and southern Indiana, as well as locations in Jamestown, New York and Whitakers, North Carolina. Centra also is part of two nationwide networks: CU Service Centers, which provides an additional 5,000 branch locations throughout the United States – including 225 branches in Indiana, and the CO-OP ATM Network, which provides free access to 28,000 ATMs in the U.S. and Canada. Founded in 1940, Centra provides financial accessibility, affordability, and education for more than 127,000 members through a full range of banking services that include Savings and Checking options, Auto Loans, Mortgage Loans, Credit Cards, Business Loans and Deposits, as well as Financial Management Services. With $1.2 billion in total assets, Centra is the third largest credit union in the state of Indiana and has earned a 5-Star financial rating by Bauer Financial, Inc. – the nation’s leading independent bank and credit union rating and research firm – for 73 consecutive quarters. Centra operates under the member promise of “Centered Around You.”
BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can any elude it. Consumers may obtain free star-ratings by calling 800.388.6686 or visiting www.bauerfinancial.com.