Elements Financial Federal Credit Union
Headquarters
Po Box 7123
Indianapolis, IN 46202
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2024 Overview
General Credit Union Information
Elements Financial is an NCUA insured institution located in Indianapolis, IN. It was founded in 1976 and has approximately $2319.04 millions in assets.
Who can join?
You qualify for membership as an employee, student, retiree or member of one of the organizations below, or as a member of the immediate family or household of someone who qualifies.
Allied Solutions
Amazon.com
Angie's List
The Archdiocese of Indianapolis
Art Institute of Indianapolis
BC Forward
Better Business Bureau
CareGivers Inc.
CC Holdings
Christel House
City Financial Corporation
CNO Financial Group
The College Network
Covance Central Labs
Covance Labs, Inc (Greenfield)
Educational Management Corp, Inc. (Harrison College)
Elfcu
Eli Lilly & Company
Estes Design
Evonik Industries
ExactTarget
Franklin College
Gilchrist & Soames
Herff Jones
Indiana Chamber of Commerce
Interactive Intelligence
InVentiv Health Clinical
ITT ESI Employees
ITT Students & Faculty
Johnson Controls, Inc.
Kronos
Medco Health Solutions (Indiana)
Medco Health Solutions (Nevada)
Medco Health Solutions (Ohio)
MISO
Milestone
OneAmerica Financial Partners
Pillow Logistics
RCI
Safety Management Group
SMC Corporation of America
Tastings Franchise Company
Tru Direction
UA Plumbers and Steamfitters 57
Vera Bradley
Vision Solutions
Zappos.com
If you are not affiliated with any of the above organizations, you can still become a member by joining Tru Direction, a non-profit association dedicated to financial literacy.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 22468 |
| Date Established | 1976 |
| Assets | $2,319.04 million |
| Loans | $1,609.47 million |
| Deposits | $1,858.34 million |
| Capital | $226.26 million |
Field of Membership Restrictions
Membership in Elements Financial is open to anyone through membership in Tru Direction Inc. ($5 dues payment). Membership is also open to employees or members of Zappos.com, Indiana University Health, OneAmerica Financial Partners, and over 90 Select Employer Groups.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
1.00% | $2,500 | - |
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|
| High Yield Savings (New Money)
|
4.25% | $10,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
2.50% | $1,000 | - |
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|
| 8 Mo CD
|
5.05% | $1,000 | - |
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|
| 12 Mo CD
|
2.60% | $1,000 | - |
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|
| 13 Mo CD
|
4.75% | $1,000 | - |
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|
| 18 Mo CD
|
4.25% | $1,000 | - |
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|
| 24 Mo CD
|
2.70% | $1,000 | - |
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|
| 36 Mo CD
|
2.80% | $1,000 | - |
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|
| 48 Mo CD
|
2.90% | $1,000 | - |
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|
| 60 Mo CD
|
3.00% | $1,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
0.21% | $0 | - | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Elements Financial
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,603 | $2,049 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Elements Financial
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Branches
Below are Elements Financial 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:
Columbus,Ohio
Climate Policy and Initiatives
ELEMENTS FINANCIAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Elements Financial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Elements Financial. 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
| Elements Financial | U.S. Average |
|---|---|
| 3.76% | 6.97 |
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 December 31, 2023, Elements Financial had $8,425,469 in non-current loans and $560,386 in owned assets. To cover these potential losses it had $226,258,821 in net worth and $12,787,639 in loans loss reserves. That gives it a Texas Ratio of 3.76%.
Net Worth
| Elements Financial | U.S. Average |
|---|---|
| 9.74% | 13.62% |
Elements Financial FCU has a net worth of 9.74% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Elements Financial
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