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Elements Financial

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingHigh Interest Checking
1.84% - National Average
2.05%5-year CD5 Year CD
2.40% - Goldman Sachs Bank USA 5 Year CDAdvertisement
0.55%SavingsHelium Savings
1.20% - Goldman Sachs Bank USA Online SavingsAdvertisement
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Overview / Commentary
www.elements.org
317-524-5076
225 S East St Ste 300
Indianapolis, IN 46202

Elements Financial is headquartered in Indianapolis and is the 3rd largest credit union in the state of Indiana. It is also the 182nd largest credit union in the nation. It was established in 1976 and as of June of 2017, it had grown to 173 employees and 92,502 members at 6 locations. Elements Financial has an A health rating.

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.
See current membership details

Related Posts

Elements Financial Ups Rates on 34- and 54-month Rate Climber CDs - 7/10/2017

Elements Financial (easy membership) has raised rates on its Rate Climber Certificates: 34-month (1.75% APY) and 54-month (2.25% APY). $1k min/$250k max.

Rate Increases On Rate Climber Cds - 7/1/2017

This morning, Elements Financial increased the rates on its 34- and 54-month “rate climber” CDs. The 34-month rate went from 1.50% to 1.75% APY and the 54-month rate went from 2.00% to 2.25% APY. The new rates seem not only competitive for CDs of their maturities, but the increases also allow holders of outstanding rate climbers to (1) bump-up the rate on their CDs to the new rate and (2), at the same time, add-on to their balances in an unlimited amount. I spoke with a member services rep this morning and she went over with me an internal memo describing the mechanics of the rate-climber. To take full advantage of its bump-up and add-on features, you have to get additional funds to Elements first (eg, by deposit into your savings account), then telephone Elements and ask them to raise the rate and transfer the additional funds to the CD. This can also be done at a branch. The original maturity date of the CD remains the same.

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Reviews (1)

Generally satisfied customer.

Posted by: russelldickson2 | Jul 17, 2017

Generally, I have been very happy with Elements Financial Credit Union. I have been with this bank for over a decade. When I originally signed up for an account using a bank that was primarily online was a very uncommon thing to do. When I originally opened my account the bank was called Eli Lilly Federal Credit Union. There are branches available inside Lilly pharmaceutical, but are unavailable to me as a non employee. I only had a problem finding a service center during one period when I lived in Florida for a brief time. I was eventually able to find a service center, but it was quite inconvenient. There are a large variety of deposit options and they are all accessible via web or phone contact only. All in all, I was satisfied enough with my experience that I have opened an account with a different credit union under similar circumstances.

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Health
A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #22468
Year Chartered1976
Employees173
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD6.82%
Annual Interest Income$21.8MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.43B$1.31B
LoansQ2 2017vs Q2 2016$1.13B$1.06B
DepositsQ2 2017vs Q2 2016$1.19B$1.09B
Equity CapitalQ2 2017vs Q2 2016$120.7MM$119.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$10.6MM$11.2MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$2.1MM$2.7MM
Real Estate OwnedQ2 2017vs Q2 2016$0$418.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Rate Increases On Rate Climber Cds

ChasR   |  
This morning, Elements Financial increased the rates on its 34- and 54-month “rate climber” CDs. The 34-month rate went from 1.50% to 1.75% APY and the 54-month rate went from 2.00% to 2.25% APY.
The new rates seem not only competitive for CDs of their maturities, but the increases also allow holders of outstanding rate climbers to (1) bump-up the rate on their CDs to the new rate and (2), at the same time, add-on to their balances in an unlimited amount.
I spoke with a member services rep this morning and she went over with me an internal memo describing the mechanics of the rate-climber. To take full advantage of its bump-up and add-on features, you have to get additional funds to Elements first (eg, by deposit into your savings account), then telephone Elements and ask them to raise the rate and transfer the additional funds to the CD. This can also be done at a branch. The original maturity date of the CD remains the same.
6

Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Elements Financial Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-Health Savings Account (HSA)
OTHER TIERS: 0.25% → $100 - $2,500 | 0.50% → $2,500 - $10k
0.55%$10k-Helium Savings
0.25%$100-The Grow Account
0.20%*$50k*-Member Savings
OTHER TIERS: 0.10% → $100 - $25k | 0.15% → $25k - $50k

Elements Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$250k*-Premium Money Market
OTHER TIERS: 0.05% → $100 - $2,500 | 0.10% → $2,500 - $10k | 0.15% → $10k - $25k | 0.21% → $25k - $50k | 0.31% → $50k - $100k | 0.40% → $100k - $250k
0.21%--IRA Money Market Savings

Elements Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$100*$20kHigh Interest Checking - Qualifyiing
OTHER TIERS: 0.10% → $20k+

Elements Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$1k-10 Year CD
2.30%$500-10 Year Youth CD
2.25%$1k-54 Month Rate Climber CD
2.25%$500-54 Month Rate Climber Youth CD
2.15%$1k-7 Year CD
2.15%$500-7 Year Youth CD
2.05%$1k-5 Year CD
2.05%$500-5 Year Youth CD
1.75%$1k-34 Month Rate Climber CD
1.75%$500-34 Month Rate Climber Youth CD
1.50%$1k-18 Month CD
1.50%$500-18 Month Youth CD
1.35%$1k-4 Year CD
1.35%$500-4 Year Youth CD
1.10%$1k-3 Year CD
1.10%$500-3 Year Youth CD
0.70%$1k-2 Year CD
0.70%$500-2 Year Youth CD
0.50%$1k-1 Year CD
0.50%$500-1 Year Youth CD
0.40%$1k-6 Month CD
0.40%$500-6 Month Youth CD

Elements Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$1k-10 Year IRA
2.25%$1k-54 Month Rate Climber IRA
2.15%$1k-7 Year IRA
2.05%$1k-5 Year IRA
1.75%$1k-34 Month Rate Climber IRA
1.50%$1k-18 Month IRA
1.35%$1k-4 Year IRA
1.10%$1k-3 Year IRA
0.70%$1k-2 Year IRA
0.50%$1k-1 Year IRA
0.40%$1k-6 Month IRA
Locations


Elements Financial Locations
Branch Office2500 Innovation Way N Bldg CGreenfield, IN 46140
Branch Office1650 Lilly RdLafayette, IN 47909
Branch Office225 S East St Ste 300Indianapolis, IN 46202
Branch Office1400 W Raymond StIndianapolis, IN 46221-2004
Branch Office1200 W Morris StIndianapolis, IN 46221-1710
Branch OfficeBuilding 21/c, DC 2015Indianapolis, IN 46285