COLUMBUS, Ind. – Centra Credit Union President and CEO Rick Silvers has announced his retirement effective January 9, 2026. Following a nationwide search, Centra’s Board of Directors selected Centra Chief Growth Officer Brad Davis as the Credit Union’s next President and CEO.
Silvers joined the Credit Union on June 1, 2016, and has led the financial institution through significant growth and expansion. Under his leadership, Centra’s total assets have grown by just under $1 billion while its loan balances have doubled and deposits have increased by more than 70%. Since 2016, Centra has relocated five branches, constructed an expanded headquarters building, and opened seven additional branches.
Throughout Silvers’ tenure, Centra also substantially expanded its community involvement and financial education programs, contributing more than $1 million to the communities it serves. He was recently recognized with the Professional Achievement Award from the Indiana Credit Union League.
“It has been a great honor to be the President and CEO of Centra Credit Union, and I am grateful to have been part of Centra’s 85-year legacy,” Silvers said. “Brad’s broad experience and strong leadership qualifications will serve us well.”
Davis joined Centra in 2011 and has more than 33 years of experience in the Indiana banking industry. As Chief Growth Officer, Davis has served as a member of the Executive Management team, responsible for helping develop and execute the Credit Union’s strategic direction.
He stated, “Centra Credit Union has seen tremendous growth under Rick’s leadership. Our historical performance has enabled us to execute robust strategic plans and to formulate initiatives that will guide us for years to come. We’re well-positioned for future growth, and I am humbled and excited to guide the Credit Union.”
Davis is an Indiana native and a graduate of Franklin College, where he double majored in Business-Finance and Economics. He also received a Master’s of Business Administration degree from the University of Indianapolis. He is a member of the board of directors for several Columbus and Bartholomew County organizations. Davis has lived in Columbus since 1995.
