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Elements Financial


Overview / Commentary
www.elements.org
317-276-2105
225 S East St Ste 300
Indianapolis, IN 46202-4509

Elements Financial is headquartered in Indianapolis and is the 4th largest credit union in the state of Indiana. It is also the 189th largest credit union in the nation. It was established in 1976 and as of December of 2022, it had grown to 200 employees and 101,525 members at 2 locations. Elements Financial's savings rates are 8X the national average, and it has an A health rating.

Field of Membership Restrictions

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

Related Posts

High Yield Savings 4.25% APY Guaranteed Through October 31, 2023 - 4/6/2023

- High Yield Savings promotional Annual Percentage Yield (APY) accurate as of April 1, 2023. - High Yield Savings is a tiered savings account paying a variable dividend rate, that may change at any time, on the entire balance in your account based on the rate for the tier corresponding to each day’s daily balance. - Balances of $10,000.00 and above will earn a fixed promotional Annual Percentage Yield (APY) of 4.25% until October 31, 2023. - The APY is 0.10% on balances up to $9,999.99. - The promotional APY is available for new money only which are funds not on deposit at Elements for 90 days prior to opening the High Yield Savings account.  - Existing Elements members with savings accounts are eligible for the promotional APY upon depositing $25,000.00 or more of new money within 10 days of opening the High Yield Savings account. -Existing Elements members with savings accounts with combined daily balances of $2,500.00 or less for the 90 days prior to account opening are ex

Elements Financial Guarantees Helium Savings 3.25% APY For One Year - EXPIRED - 9/27/2022

Elements Financial (easy membership) guarantees Helium Savings 3.25% APY for one year. $2.5k min new money opening deposit and balance. Rate accurate as of 9/27/2022.

Elements Financial Helium Savings 3.25% APY PROMO RATE - 9/25/2022

Elements Financial 3.25% APY Helium Savings Rate Guaranteed For One Year $2500 min deposit to get rate, if it falls under $2500 rate is .10% No Fees - Helium Savings also has no fees PROMO HELIUM RATE FOR ONE YEAR ON NEW MONEY NOT ALREADY ON DEPOSIT AT ELEMENTS — $2,500 And ABOVE NOTES:  -SOFT PULL -confirmed -NO maximum deposit amount stated. -Verification via Chex -Available Nationwide Inactive Relationship Fee: There is a $5/month fee assessed if your checking and savings accounts have had no activity for at least 12 months. https://www.elements.org/personal/savings/helium-savings/ Promo Helium Savings (Promo Helium) is a Helium Savings account with a promotional 3.25% fixed Annual Percentage Yield (APY) on balances of $2,500.00 and above for the first 12 months from the account opening date. The rate is accurate as of September 23, 2022. The APY is 0.10% on balances up to $2,499.99. On the first day

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2/29/20 - Elements Financial Lowers APY For New Helium Savings Promo Accounts
10/10/19 - Elements Financial Offers 2.10% APY On Helium Savings For 1 Year
7/2/19 - Elements Financial Ups High Interest Checking To 3.00% APY
7/1/19 - 3.00% APY High Interest Checking
8/23/18 - Summer Certificate Specials From Elements Financial
8/2/18 - Rate Climber Increased
6/1/18 - 57-Month CD
7/10/17 - Elements Financial Ups Rates on 34- and 54-month Rate Climber CDs
7/1/17 - Rate Increases On Rate Climber Cds
5/18/16 - Elements Financial Offers "Grass Is Greener" 22-Month Certificate
5/18/16 - Grass Is Greener Certificate 1.50% APY 22-Month CD From Elements Financial
5/18/16 - Elements Financial And Velocity CU CD Promotions
3/1/16 - 2.00% APY* Checking On Up To $20,000 From Elements Financial
2/19/16 - Elements Financial To Improve High Interest Checking Account
2/18/16 - On 3/1/16 Rca Balance Up To $20K Was $1K, 4.00% To 2.00% APY
11/5/15 - Elements Financial Offers 32-month Harvest Certificate Special
11/4/15 - Harvest Certificate - 2.00% APY* 32-Month Savings Certificate From Elements Financial
8/29/15 - Elements Financial Offers September Special 26-Month CD
8/26/15 - September Certificate Special From Elements Financial
3/20/15 - Rate Climber IRA From Elements Financial
2/25/15 - Elements Financial Shamrock Special 32-month Certificate Has Top Rate
2/24/15 - Elements Financial Shamrock Special Certificate (32-Mo CD, 2.0% APY)
11/25/14 - Eli Lily CU's Black Friday 18-month CD Is Competitive - Nationally Available
11/25/14 - A Black Friday Special That Pays!
10/8/14 - Eli Lilly CU Offers High Rate Helium Savings Account - Nationally Available
1/21/14 - Best HSA Provider For Investing HSA Money
9/11/12 - Top 5-Year CD Rate at Eli Lilly Federal Credit Union - Easy Membership

Reviews (18)

WOW! Easy Enrollment

Posted by: |

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.

4

I Was With Elements Financial In Late 2022 When 3.25% APY

Posted by: |

I was with Elements Financial in late 2022 when 3.25% APY was one of the leading rates in the USA. Transfer of money in was smooth, they paid interest every month, and I eventually left them to go with another bank that had a higher rate in late quarter 1 2023, Elements did not continue to increase their savings rate as other banks were. I called to close my account eventually and the customer service was reasonable, no issues. If they had a higher savings interest rate I would have stayed with them. But that's how the game goes, after all.

1

Great Rate But Not So Smooth Setup & Info

Posted by: |

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.

10

Better Feeling Now

Posted by: |

9-29-22 A personal bank representative reached out to me and after make a few adjustments i elected to keep the account open, so I feel whole again with Elements.
9-24-21 I have had a elements helium savings account, that I had kept open even when their rates fell to near zero, with a balance over 1K in it for over two years to maintain a on going relationship with them.
So I inquired about the the new rate promo (When I finally got to speak a person), after "a long wait time on hold" I was told I would not qualify since I was already a member, and would not be able to add more funds to the account for the new rate. That lesson was learned the hard way. After 90 days you reapply for a new account they said.
Were does that make any sense on their part ?
I immediately closed the account !

6
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Health
A

Data as of Q4 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #22468
Year Chartered1976
Employees200
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD8.73%
Annual Interest Income$67.1MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$2.29B$2.07B
LoansQ4 2022vs Q4 2021$1.57B$1.31B
DepositsQ4 2022vs Q4 2021$1.82B$1.73B
Equity CapitalQ4 2022vs Q4 2021$117.1MM$186.9MM
Loan Loss AllowanceQ4 2022vs Q4 2021$12.8MM$11.5MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$2.6MM$545.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Elements Financial; we are a rate comparison website and cannot provide official rates or promotions.

* 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
4.25%$10k-High Yield Savings Special - New Money
1.00%*$2.5k*-Helium Savings
OTHER TIERS: 0.10% → Up to $2.5k
0.50%*$25k*-Health Savings Account (HSA)
OTHER TIERS: 0.10% → Up to $2.5k | 0.30% → $2.5k - $25k
0.25%$100-The Grow Account
0.21%--IRA Savings
0.20%$100-HideAway Savings
0.20%*$50k*-Member Savings
OTHER TIERS: 0.10% → $100 - $2.5k | 0.15% → $2.5k - $50k
0.10%-$10kHigh Yield Savings

Elements Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$250k*-Business Premium Money Market
OTHER TIERS: 0.75% → Up to $25k | 1.50% → $25k - $50k | 2.25% → $50k - $100k | 3.00% → $100k - $250k

Elements Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$20kHigh Interest Checking Special - New Members
OTHER TIERS: 0.10% → $20k+
2.00%*-$20kHigh Interest Checking
OTHER TIERS: 0.10% → $20k+

Elements Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k$250k13 Month CD Special
5.00%$1k-8 Month CD Special
5.00%$500-8 Month Youth CD Special
5.00%$500$250k13 Month Youth CD Special
4.50%$1k$250k18 Month CD Special
4.50%$500$250k18 Month Youth CD Special
3.00%$1k$250k5 Year CD
3.00%$500$250k5 Year Youth CD
2.90%$1k$250k4 Year CD
2.90%$500$250k4 Year Youth CD
2.80%$1k$250k3 Year CD
2.80%$500$250k3 Year Youth CD
2.70%$1k$250k2 Year CD
2.70%$500$250k2 Year Youth CD
2.60%$1k$250k1 Year CD
2.60%$500$250k1 Year Youth CD
2.50%$1k$250k6 Month CD
2.50%$500$250k6 Month Youth CD

Elements Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-8 Month IRA Special
5.00%$1k-13 Month IRA Special
4.50%$1k-18 Month IRA Special
3.00%$1k-5 Year IRA
2.90%$1k-4 Year IRA
2.80%$1k-3 Year IRA
2.70%$1k-2 Year IRA
2.60%$1k-1 Year IRA
2.50%$1k-6 Month IRA
Locations


Elements Financial Locations
Branch Office639 S Delaware StIndianapolis, IN 46225
Branch Office225 S East St Ste 300Indianapolis, IN 46202

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.