Elements Financial is headquartered in Indianapolis and is the 4th largest credit union in the state of Indiana. It is also the 188th largest credit union in the nation. It was established in 1976 and as of September of 2022, it had grown to 193 employees and 102,436 members at 2 locations. Elements Financial has a B+ health rating.
Elements Financial is open to employees, students, retirees, or members of eligible Elements partners including Eli Lilly and Company, The Heritage Group, OneAmerica, Indy Chamber, College Park Church, Butler University or any one of the more than 135 select employer groups (a complete list can be found on the credit union's website). Immediate family and household members may also join.
See current membership details
I just joined and opened a helium savings account. I have never had such an easy enrollment. Hope the rest of the experience is just as good.
NOTE helium acct is limited to $500,000. If your account goes over that maximum your interest drops drastically
Having dealt with banks & credit unions around the world for 40+ years, I'm accustomed to bankers not having all the facts about new offerings and the website having bugs. I experienced both with Elements Financial. After 4 frustrating phone calls to Elements, I got a callback from Paulette Stull who politely and promptly resolved all my issues and corrected all prior misinformation about their Helium Savings and High Interest checking. Without Paulette, I would have rated my overall experience as 1 star. BOTTOM LINE: There is no cap (maximum deposit limit) on the 3.25% APY savings account. There is a $20,000 cap on the 4% High Interest checking AND you must use debit card 15 times per month.
Tried opening Helium Savings Account.
Received email asking for more info (Driver's license + Rent or Utility bill).
The email was a "noreply" address and the tab at the bottom of the page takes you to a START APPLICATION page.
Honestly, these people are screwed-up.
I asked if their Chief Financial Officer is aware that new applicants are receiving a bogus page link after going through online account application.
Seriously, I am discovering a lot of banks and credit unions like Elements Financial are poorly run financial organizations. The regulators and Congress need to clean house. Obviously 2008 financial crisis wasn't a wake-up call to anyone in the banking system.
Overall | |
---|---|
NCUA # | 22468 |
Year Chartered | 1976 |
Employees | 193 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.4% |
Return on Equity - YTD | 8.1% |
Annual Interest Income | $47.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2022vs Q3 2021 | $2.27B$2.04B |
Loans | Q3 2022vs Q3 2021 | $1.54B$1.29B |
Deposits | Q3 2022vs Q3 2021 | $1.78B$1.73B |
Equity Capital | Q3 2022vs Q3 2021 | $112.2MM$185.5MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $12.8MM$11.9MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $2.0MM$1.3MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |
Rates for Elements Financial are currently being reviewed.
Elements Financial Locations | ||
---|---|---|
Branch Office | 302 West Washington St | Indianapolis, IN 46204 |
Branch Office | 225 S East St Ste 300 | Indianapolis, IN 46202 |