Click Here to review Centric’s 2023 Annual Report

The Annual Meeting of Centric Federal Credit Union will be held at the West Monroe Convention Center, on March 14, 2024, West Monroe, Louisiana at 6:00 P.M. We hope you are able to attend the Annual Meeting and Election.

In accordance with the Credit Union’s Bylaws, the Secretary hereby submits the following Annual Election Notice:

There are two (2) terms expiring on the Board of Directors. The Nominating Committee, appointed by the Chairman of the Board of Directors, has nominated one Member for each board position to be filled.  The following two incumbent Directors have been re-nominated for election to 3-year terms by the Nominating Committee:
Jackie Green
Joe Phillips

A brief Statement of Qualifications and Biographical Data for each of the Nominees is included with this notice.

Nominations for vacancies may also be made by Petition.  An election will not be conducted by ballot and there will be no Nominations from the floor when there is only one Nominee for each position to be filled.  Any Member who wants to submit a Nomination by Petition must obtain a Petition Form and the Petition Rules available at the Credit Union Administrative Office.  When returned, the Petition must be signed by one percent of the Membership.  As of November 30, 2023, the Credit Union had 41,923 Members and therefore the Nomination Petition must be signed by at least 419 Credit Union Members.  Each Nominee by Petition shall submit a Statement of Qualifications and Biographical Data and a signed Certificate from the Nominee stating they are agreeable to Nomination and will serve, if elected to office, with the Petition.  All Petitions must be returned to the Secretary of the Board of Directors at the Credit Union Administrative Office located at 213 Expo Circle, West Monroe, Louisiana 71292 by Monday, February 5th, 2024, which is the closing date for receiving Nominations by Petition.  Elected officials are legally responsible for the fiscal integrity of the Credit Union and for compliance with state and federal laws.

At the Annual Meeting on March 14, 2024, all persons nominated by either the Nominating Committee or by Petition shall be placed before the Members for a vote.  When Nominations are closed, tellers will be appointed by the Chair and ballots will be distributed.  The vote will be taken and tallied by the Tellers of Election and the results announced.  The election will be determined by plurality vote and will be by ballot except when there is only one Nominee for each position to be filled.  Nominations cannot be made from the floor unless insufficient Nominations have been made by the Nominating Committee or by Petition to provide for one Nominee for each position to be filled or circumstances prevent the candidacy of one of the Nominees for the position to be filled.  Only those positions without a Nominee are subject to Nominations from the floor.  The results of the Annual Election will be announced at the Annual Meeting.

Johnny Wilbanks
Nominating Committee Chair
Centric Federal Credit Union
November 16, 2023

2023 Board of Directors

Joe Phillips
Joe is currently the Chairman of the Centric Board of Directors. He retired from Graphic Packaging as a Power and Recovery Engineer in 2005 after completing 45 years of service. He began his credit union service in 1973 as a Member of the Credit Committee. Joe was elected to the board in 1985. Joe was honored with the 2023 Louisiana Credit Union League Hall of Fame and in 1996 named “Director of the Year” award at the CU Conference National Directors Roundtable Conference. Joe has served the community in several positions such as President of the local Road Runners Club, Member of McClendon Baptist Church in West Monroe, President of the Local Union and served in the United Way Campaign.

Jackie Green
Jackie Green currently serves as the Vice Chairman of the Centric Board of Directors and has served on the board for the past 28 years. Jackie retired from Glenwood Regional Medical Center as Risk Manager. He has actively volunteered in our community through many organizations such as the West Monroe-West Ouachita Chamber of Commerce, United Way, Life Share Blood Center, Auxiliary Police, WM Beautification Board and Antique Alley Association.

Notice of Nominations by Committee and Petition

As of the close of business on February 5, 2024, there were no Board Nominations by Petition received for the open Board of Directors positions. In accordance with the Bylaws of Centric Federal Credit Union the Nominations by Petition are hereby closed.

Johnny Wilbanks
Nominating Committee Chair
Centric Federal Credit Union

The Nominating Committee, appointed by the Chairman of the Board of Directors, has nominated one member for each board position to be filled. 2024 Nominated Board of Directors

Joe Phillips
Joe is currently the Chairman of the Centric Board of Directors. He retired from Graphic Packaging as a Power and Recovery Engineer in 2005 after completing 45 years of service. He began his credit union service in 1973 as a member of the Credit Committee. Joe was elected to the board in 1985. Joe was honored with the 2023 Louisiana Credit Union League Hall of Fame and in 1996 named “Director of the Year” award at the CU Conference National Directors Roundtable Conference. Joe has served the community in several positions such as President of the local Road Runners Club, Member of McClendon Baptist Church in West Monroe, and President of the Local Union and served in the United Way Campaign.

Jackie Green
Jackie Green currently serves as the Vice Chairman of the Centric Board of Directors and has served on the board for the past 28 years. Jackie retired from Glenwood Regional Medical Center as Risk Manager. He has actively volunteered in our community through many organizations such as the West Monroe-West Ouachita Chamber of Commerce, United Way, Life Share Blood Center, Auxiliary Police, WM Beautification Board and Antique Alley Association.

July 5, 2023

Centric Federal Credit Union and the Centric B-C Scholarship Foundation are excited to announce that they have awarded $23,000 in scholarships to graduating high school seniors and current college students in 2023.

This year, 21 finalists were selected to become recipients of a $1,000 scholarship awarded by the Centric B-C Scholarship Foundation:

Andrew Allen, Claiborne Christian School
Paige Barnett, Bethel Christian School
Lana Berymon, Neville High School
Madison Bruce, Northwestern State University
Kensley Carr, West Monroe High School
Emma Carter, Quitman High School
Valerie Chatellier, Choudrant High School
Mason Cobb, Sterling College
Megan Crosser, West Ouachita High School
Jenna Gates, University of Louisiana Monroe
Haiden Harpe, University of Louisiana Monroe
Jaycee Hopkins, West Ouachita High School
Peyton Hornsby, University of Louisiana Monroe
Cody Kelley, West Ouachita High School
Channing Mack, Ouachita Parish High School
Megan Olmstead, West Monroe High School
Annalee Snowden, West Monroe High School
Loralee Sturdivant, Louisiana State University
Antonio Taylor, Louisiana Tech University
Julianna Wedrall, West Monroe High School
Hailye Williams, Louisiana Delta Community College

Additionally, the “Joleen Martin Service Above Self Award” was awarded to two students for their commitment to service and going above and beyond to help others. This year’s recipients are Channing Mack and Vallerie Chatellier.

About the Centric B-C Scholarship Foundation
The Centric B-C Scholarship Foundation was created in 2014 to honor the memory of two important people in the lives of Centric Board Members, Mr. Chris Craighead and Ms. Charlene Brakefield. Each year, the Centric B-C Advisory Board reviews applications from student members in Ouachita and Lincoln Parishes. Applicants must display their talents, academic excellence, community involvement and leadership within their school and participating organizations.

Joleen Martin retired from Centric after serving our credit union for 49 years. In her honor, the “Joleen Martin Service Above Self Award” was established through this foundation in 2021, awarding two students each $1,000.

Click here to learn more about the Centric B-C Scholarship Award.

Centric Federal Credit Union announced today a new financial education mascot. Sprout will serve as an ambassador for learning about the importance of saving and instilling good financial habits at an early age.

Inspired by Centric’s roots in the paper mill industry, Sprout is a friendly animated tree shoot sporting a blue branded ball cap and green sneakers. In addition to digital graphics, Centric has created a life-size version of the mascot.

Sprout is excited to engage with fans, media personalities, and brands through community events and special appearances. Along with a strong focus on financial education, Sprout is one more way that Centric has been deepening its community and consumer engagement as it continues to grow throughout North Louisiana and South Arkansas.

In Celebration of Credit Union Youth Month, Sprout will be available for Meet and Greet events throughout April and May at each of Centric’s five retail locations in Monroe, West Monroe and Ruston. For a schedule of events, please visit mycentric.org/kids.

Centric Expands Field of Membership to 26 Additional Underserved Parishes/Counties in Louisiana and Arkansas, Partnered with Dollar Associates on NCUA Process

February 21, 2023 – Centric Federal Credit Union (Centric FCU), with the assistance of Dollar Associates, LLC, has expanded its field of membership to 26 additional underserved parishes/counties in Louisiana and Arkansas. The announcement was made on January 26, 2023, after the credit union received approval from the National Credit Union Administration (NCUA).

The goal of the credit union’s expansion into the underserved markets is to provide a wide array of affordable financial products and services and financial education resources to all residents, organizations, and businesses of the area. The credit union believes its products and services and outstanding record of member engagement will positively impact the lives of additional prospective members and underserved area residents who before now, would not have been eligible to join the credit union.

“We are excited and welcome the opportunity to serve additional people in the Louisiana and Arkansas markets,” said Rodney Parker, Centric’s President and CEO. “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.”