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Elements Financial

Popular Accounts at this Credit Union

2.00%Reward CheckingHigh Interest Checking
2.01%5-year CD5 Year CD
0.55%SavingsHelium Savings

Overview / Commentary
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 191st largest credit union in the nation. It was established in 1976 and as of December of 2016, it had grown to 167 employees and 92,495 members at 6 locations. Elements Financial has an A health rating.

Field of Membership Restrictions

Membership in Elements Financial is open to anyone through membership in Tru Direction Inc. ($5 dues payment). Membership is also open to employees or members of Zappos.com, Indiana University Health, OneAmerica Financial Partners, and over 90 Select Employer Groups.
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Reviews (2)

Regarding The HSA

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

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.


Health Grade Components

NCUA #22468
Year Chartered1976
Primary Regulator
Profit Margin
Return on Assets - YTD0.05%
Return on Equity - YTD0.55%
Annual Interest Income$42.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.33B$1.20B
LoansQ4 2016vs Q4 2015$1.12B$961.2MM
DepositsQ4 2016vs Q4 2015$1.10B$989.0MM
Equity CapitalQ4 2016vs Q4 2015$114.8MM$114.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$13.1MM$11.8MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$3.1MM$3.2MM
Real Estate OwnedQ4 2016vs Q4 2015$0$0
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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

1.00%*$10k*-Health Savings Account (HSA)
OTHER TIERS: 0.25% Up to $2,500 | 0.50% $2,500 - $10k
0.55%$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

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

2.00%*$100*$20kHigh Interest Checking - Qualifyiing
OTHER TIERS: 0.10% $20k+

Elements Financial CD Rates

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

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

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