Loretta M. Burd began working at Centra in July 1965, and quickly learned multiple facets of the business. Throughout her career, she established many departments within the Credit Union, including the Human Resources, Inventory Control and Facilities departments. Burd became the President/CEO in July 1987, when Centra had $123 million in assets.
When Burd began working at Centra, the Credit Union had almost 7,000 Members. At the time of her retirement in December 2012, Centra’s Membership had grown to 126,291 Members and $1.1 billion in assets! She continued to serve the organization on Centra’s Board of Directors, until her retirement from the Board in March 2022.
“Loretta’s service to Centra Credit Union has been instrumental in guiding us to where we are today. Her passion and commitment to serving our Members’ best interests has set the direction of our Credit Union and exemplifies our mission and vision. Loretta’s valuable contributions have been vital to our organization, the credit union industry, and our communities,” Centra CEO/President Rick Silvers said. “We’re honored to have had her expertise and guidance define Centra’s foundation.”
Burd also served the credit union movement in other capacities, at both state and national levels. She served as a member of the Governmental Affairs Committee of the Indiana Credit Union League, Vice Chair of the Credit Union Centers of Indianapolis Board of Directors, and Chair of the Indiana Corporate Federal Credit Union Board of Directors (INDICORP).