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Centra Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 350885381 ✦ Columbus, IN ✦ Designated as a 501(c)(14)

Overview

What is Centra Credit Union?

Centra Credit Union is a state-chartered and federally insured credit union based in Columbus, Indiana, with a PO Box address at 3801 Tupelo Drive. They are exempt under Section 501(C)(14) and offer a range of consumer loan services, such as credit cards, mortgages, and business loans, to their members. With a workforce of 494 employees, they grant financial assistance through various loan programs, contributing to the economic well-being of their community.


Official website here: www.centra.org

Is Centra Credit Union legitimate?

Centra Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Centra Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,349,240
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,465,063

For more financial information, click here


Official website here: www.centra.org

What is the mission statement of Centra Credit Union?

Centra Credit Union is a state-chartered and federally insured financial institution that offers consumer loans to its members. Their primary focus includes providing credit cards and open-end credit, mortgage loans, and business loans. As a state-chartered credit union, their activities are exempt under Section 501(c)(14). They grant access to various types of loans to help members meet their financial needs.


Official website here: www.centra.org

Who is the CEO of Centra Credit Union?

Rick Silvers is the Ceo of Centra Credit Union. The CEO's salary of Centra Credit Union is $698,712 and their total compensation is $740,515.


Official website here: www.centra.org

What is the revenue of Centra Credit Union?

Centra Credit Union's revenue in 2022 was $98,960,156.


Official website here: www.centra.org

Who are the executives of Centra Credit Union and what are their salaries?

The average compensation at Centra Credit Union during 2022 was $44,159. There are 494 employees at Centra Credit Union.

Here are 21 key members and their salaries (Centra Credit Union's CEO's salary is $698,712 and their total compensation is $740,515):

    Rick Silvers (Ceo)
  • Compensation: $698,712
  • Related: $0
  • Other: $41,803

    • David Mann (Chief Financial Officer)
  • Compensation: $331,248
  • Related: $0
  • Other: $19,142

    • Patricia Knorr (Chief Development Officer)
  • Compensation: $286,085
  • Related: $0
  • Other: $26,727

    • Brad Davis (Chief Growth Officer)
  • Compensation: $273,027
  • Related: $0
  • Other: $24,781

    • Paul Adrian (Chief Information Officer)
  • Compensation: $258,831
  • Related: $0
  • Other: $19,979

    • Christopher Bottorff (S.I. Regional President & Cso)
  • Compensation: $245,261
  • Related: $0
  • Other: $17,804

    • Doug Sharkey (Svp Mortgage Loan Delivery)
  • Compensation: $183,825
  • Related: $0
  • Other: $22,178

    • Karl Kissinger (Svp Business Services)
  • Compensation: $167,515
  • Related: $0
  • Other: $27,273

    • Melissa Jewell (Svp Team Member Experience)
  • Compensation: $163,782
  • Related: $0
  • Other: $16,215

    • Robert Fischvogt (President Financial Services)
  • Compensation: $142,565
  • Related: $0
  • Other: $21,061

    • John Finney (Vp Retail)
  • Compensation: $132,415
  • Related: $0
  • Other: $24,942

    • Jim Bickel (Board Chair) [Trustee/Director]
  • Compensation: $14,784
  • Related: $0
  • Other: $0

    • Donald Jackson (Vice Chair) [Trustee/Director]
  • Compensation: $12,432
  • Related: $0
  • Other: $0

    • Mary Stroh (Director)
  • Compensation: $12,432
  • Related: $0
  • Other: $0

    • Randy Profitt (Director)
  • Compensation: $12,432
  • Related: $0
  • Other: $0

    • Brian Mcbroom (Director)
  • Compensation: $10,752
  • Related: $0
  • Other: $0

    • Joseph Brown (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $10,752
  • Related: $0
  • Other: $0

    • Kesavan Venugopal (Director)
  • Compensation: $10,752
  • Related: $0
  • Other: $0

    • Kevina Schumaker (Director)
  • Compensation: $10,752
  • Related: $0
  • Other: $0

    • Whitney Amuchaste Gui (Director)
  • Compensation: $7,168
  • Related: $0
  • Other: $0

    • Lorette Burd (Director)
  • Compensation: $3,584
  • Related: $0
  • Other: $0


  • Official website here: www.centra.org

    Where can I find the form 990 for Centra Credit Union?

    The Centra Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.centra.org

    Learn more at the official website: www.centra.org

    Mission Statement of Centra Credit Union

    Centra Credit Union, a state-chartered and federally insured financial institution, is dedicated to extending consumer loans to its members. The credit union offers a variety of loan options, encompassing credit cards and open-end credit, mortgage loans, and business loans. By granting these loans, Centra Credit Union empowers its members to access essential financial resources for personal and professional endeavors. The organization's mission is rooted in its commitment to providing consumer financial services, all of which fall under the exemption of Section 501(c)(14) of the Internal Revenue Code.

    Impact

    This information is meant to be a general summary of Centra Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Centra Credit Union's impact is felt through its provision of consumer loans, including credit cards, mortgage loans, and business loans to its members. By offering these financial services, Centra Credit Union plays a crucial role in supporting the financial well-being and growth of individuals and businesses in its community. Through its state-chartered and federally insured operations, Centra Credit Union contributes to the economic development and stability of the region it serves, promoting financial inclusion and prosperity for its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,266,053
  • Program Service Revenue: $93,694,103
  • Gross Receipts: $98,960,156

    • Assets and Liabilities:
  • Total Assets: $2,045,720,209
  • Total Liabilities: $1,829,709,487
  • Net Assets: $216,010,722
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST - LOANS

    Revenue

    $65,069,121

    SERVICE & MEMBER FEES

    Revenue

    $10,486,272

    CREDIT CARD INCOME

    Revenue

    $10,176,401

    INSURANCE COMMISSIONS

    Revenue

    $2,095,313

    INT BEARING DEPOSITS

    Revenue

    $1,148,056

    Organization Details

    Founding Year

    1997

    Principal Officer

    Rick Silvers

    Main Address

    3801 TUPELO DRIVE PO BOX 789, COLUMBUS, IN, 47202

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Centra Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.