Elements Financial

Overview / Commentary

www.elements.org

317-276-2105

225 S East St Ste 300
Indianapolis, IN 46202

Elements Financial is headquartered in Indianapolis and is the 4^th largest credit union in the state of Indiana. It is also the 188^th largest credit union in the nation. It was established in 1976 and as of September of 2022, it had grown to 193 employees and 102,436 members at 2 locations. Elements Financial 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

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

Limited Time Certificate Specials & Helium Savings Promotion From Elements Financial - 9/23/2022

Update 10/7/22 The Helium Savings Promotion has ended (edited by Moderator). Elements Financial has introduced Certificate Specials for 18-Months at 3.30% APY and 26-Months at 3.45% APY. These are limited-time-only specials. For full details and to apply, visit elements.org/Certificates. In addition, also available is a Helium Savings Promotional rate of 3.25% APY. This is for one year on new money not already on deposit at Elements - $2,500 and above. For full details visit elements.org/Helium.

View all posts from:

2022
2021
2020
Earlier

9/27 - Elements Financial Guarantees Helium Savings 3.25% APY For One Year - EXPIRED
9/25 - Elements Financial Helium Savings 3.25% APY PROMO RATE
9/23 - Limited Time Certificate Specials & Helium Savings Promotion From Elements Financial
4/25 - Elements Financial 4% APY On "High Interest Checking"

1/27 - Helium Promo Rate Drop

2/29 - Elements Financial Lowers APY For New Helium Savings Promo Accounts

Reviews (17)

WOW! Easy Enrollment

Posted by: Janicefr48 | Oct 1, 2022

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.

NOTE Helium Acct Is Limited To $500,000

Posted by: remmymo | Nov 14, 2022

NOTE helium acct is limited to $500,000. If your account goes over that maximum your interest drops drastically

Comment

Great Rate But Not So Smooth Setup & Info

Posted by: weltwon | Sep 28, 2022

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.

HELIUM SAVINGS ACCOUNT - What A Disorganized Bank

Posted by: John2022 | Sep 29, 2022

Tried opening Helium Savings Account.
Received email asking for more info (Driver's license + Rent or Utility bill).
The email was a "noreply" address and the tab at the bottom of the page takes you to a START APPLICATION page.
Honestly, these people are screwed-up.
I asked if their Chief Financial Officer is aware that new applicants are receiving a bogus page link after going through online account application.
Seriously, I am discovering a lot of banks and credit unions like Elements Financial are poorly run financial organizations. The regulators and Congress need to clean house. Obviously 2008 financial crisis wasn't a wake-up call to anyone in the banking system.

Comment

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Health

B+

Data as of Q3 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #	22468
Year Chartered	1976
Employees	193
Primary Regulator

Profit Margin
Return on Assets - YTD	0.4%
Return on Equity - YTD	8.1%
Annual Interest Income	$47.1MM

Assets and Liabilities
Assets	Q3 2022vs Q3 2021	$2.27B$2.04B
Loans	Q3 2022vs Q3 2021	$1.54B$1.29B
Deposits	Q3 2022vs Q3 2021	$1.78B$1.73B
Equity Capital	Q3 2022vs Q3 2021	$112.2MM$185.5MM
Loan Loss Allowance	Q3 2022vs Q3 2021	$12.8MM$11.9MM
Unbacked Noncurrent Loans	Q3 2022vs Q3 2021	$2.0MM$1.3MM
Real Estate Owned	Q3 2022vs Q3 2021	$0$0

Elements Financial Locations
Branch Office	302 West Washington St	Indianapolis, IN 46204
Branch Office	225 S East St Ste 300	Indianapolis, IN 46202