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Elements Financial

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingHigh Interest Checking
1.75% - National Average
2.01%5-year CD5 Year CD
1.85% - Synchrony Bank 60 Month CDAdvertisement
0.65%SavingsHelium Savings
1.00% - Ally Bank Online Savings AccountAdvertisement
View all Elements Financial rates »

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 4th largest credit union in the state of Indiana. It is also the 186th largest credit union in the nation. It was established in 1976 and as of June of 2016, it had grown to 173 employees and 90,036 members at 6 locations. Elements Financial's savings rates are 25% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

You qualify for membership as an employee, student, retiree or member of one of the organizations listed on the "How To Join" page, or as a member of the immediate family or household of someone who qualifies. One of the eligible organizations is Tru Direction, Inc., which allows anyone to join with a simple, one-time membership fee.
See current membership details

Related Posts

Elements Financial Offers "Grass Is Greener" 22-Month Certificate - 5/18/2016

Elements Financial has added a 22-month "Grass is Greener" Certificate (1.50% APY). Min deposit is $1k, with a balance cap of $250k per certificate. $1m max per household.

Grass Is Greener Certificate 1.50% APY 22-Month CD From Elements Financial - 5/18/2016

Media Contact Michelle Payne, (317) 997-3900, mpayne@elements.org Embrace the Value You Deserve with our Grass is Greener Certificate FOR IMMEDIATE RELEASE: — Elements Financial is introducing its Grass is Greener Certificate Special on May 18 – a 1.50% APY* 22-Month Certificate with nice, low minimums. Both Traditional and Roth IRA Certificates are included as an option at this same rate and term. This highly competitive offer will be available for a limited time only. The timing of the promotion is perfectly aligned with summertime on the way. Before heavy consumer spending associated with summer vacations and celebrations kicks into gear, it’s a good time to put some cash into competitively-priced and safe certificates. At Elements, we believe there is no better way to improve one’s personal financial wellness than to save. Consumers can open the Grass is Greener Certificate now at [URL="http://www.ele

Elements Financial And Velocity CU CD Promotions - 5/18/2016

A couple of new nationally-available CD promotions some may want to look at: Elements Financial--1.50% APY 22-Month CD Velocity--1.61% APY 33-Month step-up IRA CD (1.56% for 33-month non-IRA step-up CD).

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Reviews (2)

Regarding The HSA

Posted by: DavidofAnnArbor | Sep 8, 2014

You can have an HSA with ELFCU and then also have an account with TD Ameritrade to invest some of the HSA into the stock market.
The fees:
Need 2,500 minimum to avoid monthly fees.
Every time you want to wire money to and from TD Ameritrade there is a $24 wire fee. So if one were to invest a portion of the HSA in the stock market, one would want to do very few wire transfers. Maybe just one or two over the course of many years.

TDAmeritrade has some no cost ways to buy exchange traded stock index funds.

January 2016 revision. Having the min. $2,500 in the HSA account now only yields a low 0.6% interest rate

7

Not Happy.....

Posted by: crocpa | May 11, 2016

I tried to open an account with this credit union. The application process was easy. They supposedly do accept out of state members through membership in an association. They turned me down however.

3


Health
A

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #22468
Year Chartered1976
Employees173
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD6.48%
Annual Interest Income$21.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.31B$1.13B
LoansQ2 2016vs Q2 2015$1.06B$867.3MM
DepositsQ2 2016vs Q2 2015$1.09B$988.4MM
Equity CapitalQ2 2016vs Q2 2015$119.4MM$111.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$11.2MM$13.1MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$2.7MM$2.8MM
Real Estate OwnedQ2 2016vs Q2 2015$418.00K$388.00K
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% → Up to $2,500 | 0.50% → $2,500 - $10k
0.65%$10k-Helium Savings
0.25%--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% → Up to $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
0.21%--ESA 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
2.25%$1k-10 Year CD
2.25%$500-10 Year Youth CD
2.10%$1k-7 Year CD
2.10%$500-7 Year Youth CD
2.01%$1k-5 Year CD
2.01%$500-5 Year Youth CD
2.00%$1k-54 Month Rate Climber CD
2.00%$500-54 Month Rate Climber Youth CD
1.50%$1k-34 Month Rate Climber CD
1.50%$500-34 Month Rate Climber Youth CD
1.01%$1k-4 Year CD
1.01%$500-4 Year Youth CD
0.76%$1k-3 Year CD
0.76%$500-3 Year Youth CD
0.51%$1k-2 Year CD
0.51%$500-2 Year Youth CD
0.41%$1k-18 Month CD
0.41%$500-18 Month Youth CD
0.36%$1k-1 Year CD
0.36%$500-1 Year Youth CD
0.26%$1k-6 Month CD
0.26%$500-6 Month Youth CD

Elements Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-10 Year IRA
2.10%$1k-7 Year IRA
2.01%$1k-5 Year IRA
1.01%$1k-4 Year IRA
0.76%$1k-3 Year IRA
0.51%$1k-2 Year IRA
0.41%$1k-18 Month IRA
0.36%$1k-1 Year 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