Dec, 31, 2023 — CENTRA CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBUS, IN with 26 branch locations and about $2.08 billion in total assets. Opened 84 years ago in 1940, CENTRA CREDIT UNION has about 156,955 members and employs 402 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRA CREDIT UNION |
|---|---|
| Address: (Main Office) | 3801 Tupelo Dr COLUMBUS, IN 47201-7293 |
| Phone: | (812) 376-9771 |
| Fax: | |
| Website: | https://www.centra.org |
| Branches: | 26 branch locations |
| Members: | 156,955 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68287 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,076,967,433 |
| CEO/Manager: | Rick Silvers |
| Chairperson: | James Bickel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 161,508,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 869,512,874 |
| Unsecured Loans | 73,668,669 |
| Other Loans | 673,090,396 |
| TOTAL LOANS | 1,616,654,856 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,143,194 |
| Land And Building | 33,334,399 |
| Other Fixed Assets | 12,907,900 |
| NCUSIF Deposit | 15,748,755 |
| All Other Assets | 1,279,360 |
| TOTAL ASSETS | 2,076,967,433 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,337 |
| Notes & Interest Payable | 66,000,000 |
| Accounts Payable & Other Liabilities | 33,526,046 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 330,147,949 |
| Regular shares | 412,518,589 |
| All Other Shares & Deposits | 1,014,396,098 |
| TOTAL SHARES & DEPOSITS | 1,757,062,636 |
| TOTAL LIABILITIES | 1,856,835,053 |
| Regular Reserve | 0 |
| Other Reserves | -33,039,350 |
| Undivided Earnings | 253,171,730 |
| TOTAL EQUITY | 220,132,380 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,076,967,433 |
| INCOME & EXPENSE | |
| Loan Income | 86,212,757 |
| Investment Income | 10,137,380 |
| Other Income | 11,631,045 |
| Total Employee Compensation & Benefits | 33,420,213 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,265,093 |
| Non-operating Income & (Expense) | -843,947 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,920,105 |
| Cost of Funds | 31,638,715 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,178,332 |
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