Centra Announces Burd Scholarship Recipients
Centra Credit Union and Centra Foundation award a total of 35 scholarships to high school seniors and mature students in the communities they serve.
The Loretta M. Burd Scholarship Program generally awards one high school scholarship per Centra branch, a number of adult scholarships, and two internal scholarships. This year, six additional scholarships are awarded to celebrate Burd’s career and service to the credit union.
Named in honor of Burd, the scholarship program is designed to invest in the future of members. This year’s local recipients are Mattelyn Nicholson (Seymour) and Emma Jones (Jennings County). The full list of 2022 Fellows is available online at centra.org.
The Centra Foundation would also like to thank Shirley Shea for her support of the Loretta M. Burd Adult Scholarship Program. This year’s adult scholarship recipients are Alexa Howser (Scottsburg), Gayle Hill (Sellersburg), Octavia Tolbert (New Albany), and Christina Shaw (Columbus).
Burd began working at Centra in July 1965 and quickly learned the many facets of the business. Throughout her career, she created many new departments within the credit union, including the human resources, inventory control and facilities departments.
Burd became chairman/CEO in July 1987 when Centra had $123 million in assets.
When Burd started working at Centra, the credit union had nearly 7,000 members. By the time of his retirement in December 2012, Centra’s membership had grown to 126,291 members and $1.1 billion in assets. She continued to serve the organization on the Centra Board of Directors until her retirement in March 2022.
Burd also served the credit union movement in other capacities at the state and national levels. She has served as a member of the Government Affairs Committee of the Indiana Credit Union League, Vice Chair of the Board of Directors of the Credit Union Centers of Indianapolis, and Chair of the Board of Directors of the Indiana Corporate Federal Credit Union.
In 1996, she was appointed to the board of directors of CUNA Mutual Group, a provider of insurance, financial products and services to credit unions and their members worldwide. Burd served as chair of the board for six years, the longest chair in CUNA Mutual Group’s history.
From 1997 to 2004, Burd served on the board of directors of the Indiana Department of Financial Institutions, an appointment made by the governor.
Nationally, she served as chair of the Credit Union National Association Roundtable Council for the nation’s top 100 credit unions and served as chair of the National Credit Union Values Campaign.
Burd has received numerous awards for her accomplishments and contributions, including being named one of the credit union industry’s 100 Most Admired CEOs in 1990, CEO of the Year by the Indiana Credit Union League in 1993 and inducted into the Indiana Credit Union League. Union League Hall of Fame in 1996.
She was also recognized for her service and contributions to business and her community with the Sagamore of the Wabash Award in 2004, which is the highest honor given to citizens of Indiana by the Governor.
Organizations served by Burd include the Columbus Chamber of Commerce, Columbus Regional Hospital Foundation, Bartholomew County United Way, Mayor’s Advisory Council and Vision Committee, IUPUC Advisory Council, the Kidscommons Children’s Museum Council and the Heritage Fund.