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The West Monroe, La.-based Centric Federal Credit Union has expanded its field of membership, which now covers 26 additional counties and parishes in Louisiana and Arkansas. The expansion was approved by the NCUA on Jan. 26.
According to a statement from the credit union Tuesday, the expansion will allow the $324 million credit union to connect with the unbanked and underserved communities by providing the population with much-needed financial products and services, as well as financial education resources to the people and businesses in the new field of membership areas.
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"We are excited and welcome the opportunity to serve additional people in the Louisiana and Arkansas markets," Centric President Rodney Parker said. "Centric FCU works earnestly to bring attentive, friendly solutions from start to finish and looks forward to being a great partner to the people in these communities."
The credit union, which currently serves 38,763 members according to its latest NCUA Call Report, received help with the membership expansion process from the credit union consulting firm Dollar Associates, located in Birmingham, Ala.
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Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
