Centra Blog

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May 2022: A letter from the President

Centra HQ at sunrise

Dear Members,

As many of you know, the Centra Foundation awards scholarships to graduating high school seniors and adult students each year. However, 2022 was a special year because we had the privilege of awarding six additional scholarships in honor of Loretta M. Burd’s contributions to Centra Credit Union following her more than 55 years of total service and recent retirement from the Board of Directors. You can read more about our scholarships here.

The Loretta M. Burd Scholarship Program is just one of the many ways we give back to the Communities we serve. This giving is a key aspect of the credit union difference. As we deepen our relationships with our Members and add new Members, we expand our opportunities for giving back. In fact, Centra exceeded $2 billion in assets, and our Communities have played a significant part in our growth.

This growth also gives us the opportunity to further invest in our Communities by establishing expanded facilities. On May 17, we’ll be celebrating the grand opening of our new Edinburgh location with a ribbon cutting. This new building is an upgrade from our former Edinburgh location and demonstrates our commitment to the community. We’re also starting to plan a grand opening celebration for our new Clarksville location, which opened last month. Similar to Edinburgh, we’d outgrown our Clarksville Walmart location, and our team is excited to be in this new, full-service branch.

Our commitment to our Communities includes our dedication to improving financial well-being as well. Local banks and credit unions have a responsibility to ensure fair and comfortable access to financial services, and improving diversity, equity, and inclusion in our Communities enhances overall financial well-being. Our Chief Credit Officer Brad Davis had a chance to share how Centra is actively working to bring about positive change in a local publication. I hope you all will take a moment to click here and read more.

Rick A. Silvers
President and CEO

Rick A. Silvers

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