ELEMENT

3418 MACCORKLE AVE SE
Charleston, WV 25304

Notable Rates APY Vs.Others
Savings 0.02% 1.96% →
1-Year CD 0.75% 2.02% →
2-Year CD 1.00% 2.02% →
5-Year CD 1.36% 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Credit Union Information

Element is an NCUA insured institution located in Charleston, WV. It was founded in 1978 and has approximately $35.16 millions in assets.

NCUA Insured Yes
Charter Number # # 23162
Date Established 1978
Assets $35.16 million
Loans $28.83 million
Deposits $30.80 million
Capital $4.07 million
 

Deposit Rates - March 31, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
1.50% $20,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $100 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $250 - Learn MoreShow Less

Loan Rates - March 31, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for ELEMENT

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to ELEMENT
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Element branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Element Locations


Financial Details

Element Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Element. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Element U.S. Average
11.96% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Element had $403,630 in non-current loans and $143,385 in owned assets. To cover these potential losses it had $4,068,637 in net worth and $504,510 in loans loss reserves. That gives it a Texas Ratio of 11.96%.

Net Worth
Element U.S. Average
11.57% 13.65%

Element FCU has a net worth of 11.57% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Element

Branches and Savings

What is Element?

A federal credit union, registered with the NCUA under certificate #23162.
Learn more about credit unions here.

Is Element FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Element?

Please see Field of Membership information above for information on who is eligible to join.

What are Element's share account and share certificate rates?

Element's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Element?

Element has total capital of $4.07 million. Full information on Element's financial position is located above.

Who owns Element?

Credit Unions are owned by their members.

Where are Element branches located?

See branch locations nearby.

Are Element ATMs Open 24/7?

Do Element ATMs accept cash deposits?

Can Element customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Element have a mobile app?

Does Element have mobile deposit?

Does Element have quick pay?

How can Element transfer money to other banks or credit unions?

Does Element report to credit bureaus?

Does Element use Chexsystems?

Does Element use Equifax?

What is Element's toll free phone number?

What is Element's ACH Routing Number?

What is Element's SWIFT code?

Where can I find Element's wire transfer form?

What is the Element address for deposits?

What Products Does Element Offer

Does Element offer mortgages?

Compare mortgage rates here.

Does Element offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Element offer auto and RV loans?

Compare auto loan rates here.

Does Element offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Element

There are currently no comments for Element. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →