Elements Financial


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

Elements Financial is headquartered in Indianapolis and is the 5th largest credit union in the state of Indiana. It is also the 194th largest credit union in the nation. It was established in 1976 and as of March of 2025, it had grown to 180 employees and 99,528 members at 5 locations. Elements Financial's savings rates are 8X the national average, and it has a B+ 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

WOW! Easy Enrollment

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.

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.

Be Careful When Looking At The 24 Month "Flex" 5.72 CD!

Read the fine print very closely. They can change the rate at any time!

"Flex Rate Certificate (Variable Rate) Annual Percentage Yield (APY) effective as of September 1, 2024, and may change without notice. The dividend rate and APY are based on the current Prime Rate index as published in the Wall Street Journal minus a margin of 3.00%. The dividend rate and APY are variable and will adjust the next business day following a change in Prime Rate index. The minimum floor APY for the flex rate certificates is 0.00% and the maximum APY will never be greater than 17.00%. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time"

Just Awful

Tried opening a 12 Month CD for an amount close to the FDIC insured limit, the account set up process was acceptable and so was their CS response time, the glaring issue is their ridiculously low transfer funding limits ($1000 per day), basically its impossible to move any meaningful amount of money unless your are willing to go trough the expense and hassle of a wire transfer into their account

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Health
B+

Health Grade Components

Overall
NCUA #22468
Year Chartered1976
Employees180
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD8.47%
Annual Interest Income$28.8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$2.52B$2.46B
LoansQ1 2025vs Q1 2024$1.66B$1.61B
DepositsQ1 2025vs Q1 2024$2.12B$2.08B
Equity CapitalQ1 2025vs Q1 2024$181.7MM$147.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$16.2MM$15.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$4.3MM$3.1MM
Real Estate OwnedQ1 2025vs Q1 2024$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
3.90%*$250k*-High Yield Savings - New Money
OTHER TIERS: 0.10% $0 - $10k | 3.50% $10k - $25k | 3.60% $25k - $50k | 3.70% $50k - $100k | 3.80% $100k - $250k
1.00%*$2.5k*-Helium Savings
OTHER TIERS: 0.10% $0 - $2.5k
0.50%*$25k*-Health Savings Account (HSA)
OTHER TIERS: 0.10% $0 - $2.5k | 0.30% $2.5k - $25k
0.50%$100-The Grow Account
0.20%$100-HideAway Savings
0.20%*$50k*-Member Savings
OTHER TIERS: 0.10% $100 - $2.5k | 0.15% $2.5k - $50k

Elements Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$250k*-Business Premium Money Market
OTHER TIERS: 0.50% $0 - $25k | 1.25% $25k - $50k | 2.00% $50k - $100k | 2.50% $100k - $250k

Elements Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$0$20kHigh Interest Checking
OTHER TIERS: 0.10% $20k+

Elements Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.66%$1k-12 Month Flex CD Special
4.66%$1k-12 Month Flex Youth CD Special
4.66%$1k-24 Month Flex CD Special
4.66%$1k-24 Month Flex Youth CD Special
4.40%$1k$250k13 Month CD Special
4.40%$500$250k13 Month Youth CD Special
4.40%$1k$250k8 Month CD
4.40%$500$250k8 Month Youth CD
4.00%$1k$250k6 Month CD
4.00%$500$250k6 Month Youth CD
4.00%$1k$250k18 Month CD Special
4.00%$500$250k18 Month Youth CD Special
3.00%$1k$250k1 Year CD
3.00%$1k$250k2 Year CD
3.00%$1k$250k3 Year CD
3.00%$500$250k1 Year Youth CD
3.00%$500$250k2 Year Youth CD
3.00%$500$250k3 Year Youth CD
2.75%$1k$250k5 Year CD
2.75%$500$250k5 Year Youth CD
2.65%$1k$250k4 Year CD
2.65%$500$250k4 Year Youth CD

Elements Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.66%$1k-12 Month Flex IRA Special
4.66%$1k-24 Month Flex IRA Special
4.40%$1k$250k13 Month IRA
4.40%$1k$250k8 Month IRA
4.40%$500$250k8 Month Youth IRA
4.40%$500$250k13 Month Youth IRA
4.00%$1k$250k18 Month IRA
4.00%$1k$250k6 Month IRA
4.00%$500$250k6 Month Youth IRA
4.00%$500$250k18 Month Youth IRA
3.00%$1k$250k1 Year IRA
3.00%$1k$250k2 Year IRA
3.00%$1k$250k3 Year IRA
3.00%$500$250k1 Year Youth IRA
3.00%$500$250k2 Year Youth IRA
3.00%$500$250k3 Year Youth IRA
2.75%$1k$250k5 Year IRA
2.75%$500$250k5 Year Youth IRA
2.65%$1k$250k4 Year IRA
2.65%$500$250k4 Year Youth IRA
0.21%$0-IRA Savings
Locations


Elements Financial Locations
Branch Office639 S Delaware StIndianapolis, IN 46225
Branch Office225 S East St Ste 300Indianapolis, IN 46202
Branch Office1400 W Raymond StIndianapolis, IN 46221-2004
Branch Office302 W Washington St Rm E030Indianapolis, IN 46204
Branch Office225 S East St Ste. 140Indianapolis, 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.