Centra Federal Credit Union has been known for its commitment to quality service for more than 65 years. The credit union's roots lie in Columbus, Ind., where eight employees of the Cummins Engine Company founded the institution. Their goal was to identify a source of low-cost credit and a convenient place to save their hard-earned money. In 1995, the name was changed to Centra Federal Credit Union, reflecting the company's growth and diversity. The credit union later became state-chartered and is known today as Centra Credit Union. The financial institution has more than 15 branch locations, as well as a shared branch network. Centra Credit Union is federally insured by the National Credit Union Administration, an independent agency of the United States government. Share accounts are insured up to $100,000 by the National Credit Union Administration, plus an additional $250,000 by Excess Share Insurance, for a total of $350,000 deposit insurance.