Centric Credit Union Monroe LA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Centric, your trusted financial partner located at 710 Highway 165 North, Monroe, LA 71201. Since our establishment in 1937, we have proudly served the community, building a strong foundation of trust and reliability among our 39,333 members. With total assets exceeding $385 million, we are dedicated to providing exceptional financial services tailored to meet the needs of our diverse membership. At Centric, we believe in the power of community and the importance of supporting our members' financial goals. Whether you're looking for personal banking options like checking and savings accounts, or need assistance with auto loans and mortgage refinancing, we have you covered. Our team is committed to ensuring that your experience with us is positive and enriching. Under the leadership of CEO Troyce Parker and Board President Joseph Phillips, Centric has grown into a pillar of strength in Monroe. Our staff of 121 employees is here to assist you from 8:00 AM to 6:00 PM, Monday through Friday, and 9:00 AM to 1:00 PM on Saturdays. You can reach us at 318-410-0078 for any inquiries or support you may need. While members can visit us at our branch location, official correspondence should be sent to the same address as our branch. We invite you to explore our website at www.mycentric.org for more information on services like online banking, mobile payments, and personalized loan solutions. Join us today and discover how Centric can help you achieve your financial aspirations!

Branch History & Mission

Centric Credit Union, located at 710 Highway 165 North in Monroe, LA, has a rich history that dates back to its founding in 1937. With over 86 years of service, we have grown from a small local financial institution into a trusted partner for our community. Today, Centric proudly serves more than 39,000 members and manages total assets of $385,404,182. Our commitment to delivering exceptional financial services while supporting the community remains at the heart of everything we do. From our humble beginnings, Centric has focused on meeting the needs of our members by providing reliable banking solutions. Over the years, we have expanded our offerings to include personal banking accounts, auto loans, mortgages, credit cards with rewards, and business banking services. As we look back on our journey, it's clear that every milestone from our first loan approval to our digital banking enhancements has been driven by a desire to empower our members. Our mission is simple yet impactful: to improve the financial lives of our members while fostering community growth. We believe that everyone deserves access to affordable financial services and education. At Centric, we strive to create a welcoming environment where every member feels valued and understood. Whether you're visiting us in-person or using our online and mobile banking platforms, we are here to support you every step of the way. For those who want to visit us directly, you can find us at our Monroe location, conveniently situated near local landmarks and accessible for all. While members can visit us at 710 Highway 165 North, official correspondence should be sent to the same address as well. Our branch operates Monday through Friday from 8:00 am to 6:00 pm and offers Saturday drive-thru hours from 9:00 am to 1:00 pm. Centric also understands the importance of keeping pace with technological advancements. We offer various digital services such as online banking and mobile payments to ensure that managing your finances is easy and convenient. Additionally, we prioritize accessibility for all members by maintaining ADA compliance across our facilities. Community outreach is essential to us; we actively partner with local organizations and participate in events that uplift those around us. From financial literacy workshops to charity drives, Centric is dedicated to making a positive impact beyond just providing financial services. As we continue this journey together, we invite you to join the Centric family. Experience firsthand how we can help you achieve your financial goals while being part of a community-focused organization that cares deeply about its members' well-being. Reach out today at 318-410-0078 or visit us online at mycentric.org. Together, let's build a brighter future!

Branch Location & Accessibility

Connect with Us

Have questions or want to learn more about how we can help? Don't hesitate to reach out! Call us at 318-410-0078 or stop by our branch today. We're excited to assist you with all your financial needs and show you why being a member of Centric means being part of a community dedicated to your success.

Easy Access and Nearby Landmarks

Our branch is situated near popular local spots, ensuring that you can easily fit a visit into your day. If you're in the area, you might find us just a short drive from the vibrant downtown Monroe or the scenic Ouachita River. Parking is available right outside our doors, and we've made sure that our facility is accessible for everyone, including those who may need ADA-compliant features.

Operating Hours Tailored to You

We understand that life can get busy, which is why our operating hours are designed to accommodate your schedule. You can visit us Monday through Friday from 8:00 AM to 6:00 PM. If you prefer Saturday visits, our drive-thru service is available from 9:00 AM to 1:00 PM, providing flexibility for all your banking needs.

Services That Make Banking Simple

At Centric, we offer a wide range of services tailored to support both personal and business banking. From checking and savings accounts to auto loans and mortgage refinancing, we have what you need under one roof. Our branch also features convenient ATM access for quick cash withdrawals and balance checks. Plus, if you're a member of partner credit unions, you can take advantage of shared services right here at our location.

Member Eligibility

Welcome to the wonderful community at Centric! Becoming a member is easy and opens the door to a world of financial benefits tailored just for you. If you live, work, or worship in the area or have family members who are already part of our credit union, you're likely eligible to join us. This means you can enjoy everything from low-interest loans to personalized banking services designed with your needs in mind. To get started, simply visit us at our branch located at 710 Highway 165 North Monroe La 71201, or give us a call at (318) 410-0078 for more information on how to become a member. We invite you to check out the detailed eligibility criteria on our website at . Join us today and experience the difference that being part of the Centric family can make in your financial journey!

Business Banking & Commercial Services

Merchant Services That Make a Difference

Imagine being able to accept payments easily from your customers while keeping track of transactions effortlessly. Our merchant services provide just that. With secure payment processing options, you can focus on what matters most growing your business. From point-of-sale systems to online payment solutions, we equip you with tools that simplify everyday operations. Ready to take your business to the next level? Visit us at 710 Highway 165 North Monroe La 71201 in Monroe, LA, or call us at (318) 410-0078 to learn how we can help you thrive.

Tailored Loan Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $146 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $5 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $30,885,492, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Additional Services

Our branch also provides basic drive-thru banking services where quick transactions like deposits and withdrawals can be completed without stepping inside. If you're a member of a partner credit union, take advantage of our shared branch transactions for deposits and withdrawals as well. At Centric, we strive for convenience in every aspect of banking. You can contact us at (318) 410-0078 during our operating hours from 8:00 AM - 6:00 PM on weekdays and 9:00 AM - 1:00 PM on Saturdays. We invite you to explore all these services further by visiting us online at Monroe Center. Whether you're starting fresh with banking or looking for ways to grow financially, we're here every step of the way!

Business Banking

For entrepreneurs and business owners, our Business Banking services include Merchant Services and Business Loans tailored for growth and success. We understand the challenges businesses face, and we're here to provide the financial backing you need.

Digital Convenience

Embracing technology is part of how we serve you better. Our Online & Mobile Banking features allow you to manage your accounts from anywhere at any time. With easy access through our mobile app, paying bills or transferring funds becomes a breeze. Plus, we offer an ATM for cash withdrawals whenever needed.

Loans and Credit

If you're facing unexpected expenses or need assistance with debt management, our Personal Loans & Debt Consolidation products are designed to give you financial relief. We aim to simplify the borrowing process so you can focus on what truly matters. In addition, our Credit Cards with Rewards offer benefits that add value to your everyday purchases. Imagine earning points every time you buy groceries or fill up on gas points that can lead to exciting rewards!

Personal Banking

Starting with personal banking, we offer Checking & Savings Accounts that can help you manage your daily finances effectively. Imagine having a checking account that suits your lifestyle whether you prefer making frequent transactions or saving for something special. Our savings accounts provide a safe place for your funds while earning interest over time. When it comes to financing your vehicle, Auto Loans & Vehicle Financing options are available to help you drive away in the car of your dreams. We understand how important reliable transportation is, and our competitive rates make it easier for you to afford that new or used vehicle. For those considering homeownership or refinancing, our Mortgage Loans & Refinancing services can guide you through the process seamlessly. Picture unlocking the door to your new home with confidence, knowing you have a mortgage plan that fits your budget.

Digital & Online Banking

Key Features of Our Digital Banking Services

We prioritize security, which is why we offer electronic signature authorization. This feature allows you to sign documents safely and efficiently from the comfort of your home. Plus, you can opt for e-statements to keep track of your finances without the clutter of paper statements. For those who prefer banking on the go, our mobile application makes it simple to manage your accounts right from your smartphone. You can even make mobile payments with ease, ensuring you're always ready for any purchase. Need to send money to a friend? Our person-to-person transfer service allows for quick and hassle-free transactions. At Centric, we believe in making banking accessible and straightforward for everyone. With real-time account management at your fingertips, you can stay in control of your finances while enjoying the peace of mind that comes from knowing your information is secure. Explore all these features and more by visiting us online at https://www.mycentric.org/ . Embrace the future of banking today!

Financial Strength

A Growing Membership Base

Total Share and Deposit Accounts stand at 72,270, showing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments amount to $0, further emphasizing our commitment to supporting your financial needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Centric is your trusted partner. Visit us at 710 Highway 165 North Monroe La 71201 or call (318) 410-0078 to learn more about how we can help you achieve your financial goals.

Member-Centric Resources

Members' savings are secured through $125,171,464 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $18,940,508, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $2,063,575 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 117 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvesting in Your Future

With $40,715,971 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals with $5,677 in used auto loans and $305,302,539 in total loans and leases.

Solid Financial Health

With a net worth of $50,333,418, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,306 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $108,543,684 in used vehicle loans and $37,689,760 in new vehicle loans already helping members get on the road. Whether you're considering a brand-new vehicle or a reliable used option, we have financing solutions tailored for you.

Credit Lines and Refinancing Options

Our credit lines, totaling $83,556,881, are designed to give you access to funds whenever you need them. If you're looking to refinance existing loans for better rates or terms, we can help with that too. Our team will work with you to find options that meet your unique needs. At Centric, we aim to provide our members with the tools they need for financial success. Whether you're buying a car, purchasing a home, or managing day-to-day expenses, we're here for you every step of the way. For more information on our loan products or to discuss your eligibility options, visit us or call us at (318) 410-0078 today! Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $7,801,530, make buying or refinancing simple. We offer competitive rates and flexible terms to suit your budget and lifestyle.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $4,965,351 in loans helping members manage their finances effectively. These credit cards provide a convenient way to make purchases while offering rewards and benefits that fit your lifestyle.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This commitment to accuracy ensures that all offers presented are fair and transparent.

CENTRIC FEDERAL CREDIT UNION