Elements Financial

Overview / Commentary
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 201st largest credit union in the nation. It was established in 1976 and as of December of 2023, it had grown to 195 employees and 99,781 members at 2 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

Related Posts

Elements Rises To 5.5% For High Yield Savings - 12/1/2023

Glad to see them back in the hunt. Have had good service from Elements although rates had not been competitive recently until now. Rate guaranteed through 4-30-24. $10,000 minimum to earn 5.5%. (Received email from them 12-1 advertising this promotion. Website not yet updated but rep verified yield over the phone and notated account.)

View all posts from:

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

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.

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

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.

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.

Better Feeling Now

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 !



Health Grade Components

NCUA #22468
Year Chartered1976
Primary Regulator
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD9.91%
Annual Interest Income$95.3MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$2.32B$2.29B
LoansQ4 2023vs Q4 2022$1.61B$1.57B
DepositsQ4 2023vs Q4 2022$1.86B$1.82B
Equity CapitalQ4 2023vs Q4 2022$144.8MM$117.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$15.8MM$12.8MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$3.4MM$2.6MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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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

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
0.50%$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

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

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

5.05%$1k-8 Month CD Special
5.05%$500-8 Month Youth CD Special
4.75%$1k$250k13 Month CD Special
4.75%$500$250k13 Month Youth CD Special
4.25%$1k$250k18 Month CD Special
4.25%$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

5.05%$1k-8 Month IRA Special
4.75%$1k-13 Month IRA Special
4.25%$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

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

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