January 2025: A letter from the President

Dear Members,
Happy New Year! 2024 was a year of success for Centra, which creates opportunities for us to give back more, including through our Member Loyalty Rewards. I’m excited to announce that our Members will be receiving a total of $1.2 million in Member Loyalty Bonuses! Eligible Members will receive more information about this bonus in the coming weeks.
I love Centra’s Member Loyalty Rewards, and one of my favorite elements is the savings opportunity it provides to Members. As economic conditions fluctuate, savings can be harder to maintain. However, staying consistent can make a difference and ensures you’re continually progressing toward your savings goals. With our rewards program, you can start small and watch your savings grow over time in your Member Loyalty Account (MLA).
Imagine you take advantage of two key components of Centra’s Member Loyalty Rewards: Cashback Checking and Debit Card Round Up. For this example, let’s say your account meets the following criteria:
- You have eStatements and at least one monthly direct deposit into your Cashback Checking account.
- You use your debit card 15 times each month, and you earn $0.75 in debit card rewards each month.
- You’re signed up for Debit Card Round Up, and your average Round Up savings each month is 30 cents per transaction for a total of $4.50 each month.
With those criteria, you’re automatically adding $5.25 to your MLA each month. Without any interest, that means you’ll save $63 in a year just by using your account for your regular spending. While that may seem like a very small amount, it’s progress toward your savings goals. Plus, the longer you leave your money in your MLA, the more it’ll grow.
Centra also offers another type of checking account that lets you boost your savings effortlessly. With our High Interest Checking, you can earn interest on your balance. This account may be a great option for those who typically keep a higher balance in their checking account regularly.
With these options in mind, it’s important to consider your spending and savings habits. With our checking comparison tool, you can see if a Cashback Checking or High Interest Checking account is right for you and your financial situation. If you have any questions about making the most of your rewards and accounts with Centra, please feel free to give us a call at 800-232-3642 or visit your nearest Centra location.
Finally, at the beginning of this letter, I shared Centra’s success in 2024 and what that means for our Members. I’m also excited to share that an additional $166,000 will be going to the Centra Foundation to give back to our Communities. When you bank with Centra, especially when we’re your primary financial institution, you directly support your community as well.
Sincerely,
Rick Silvers