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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 September of 2016, it had grown to 172 employees and 93,675 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.
See current membership details

Related Posts

Elements Financial Offers "Grass Is Greener" 22-Month Certificate - 5/18/2016

Elements Financial has added a 22-month "Grass is Greener" Certificate (1.50% APY). Min deposit is $1k, with a balance cap of $250k per certificate. $1m max per household.

Grass Is Greener Certificate 1.50% APY 22-Month CD From Elements Financial - 5/18/2016

Media Contact Michelle Payne, (317) 997-3900, mpayne@elements.org Embrace the Value You Deserve with our Grass is Greener Certificate FOR IMMEDIATE RELEASE: — Elements Financial is introducing its Grass is Greener Certificate Special on May 18 – a 1.50% APY* 22-Month Certificate with nice, low minimums. Both Traditional and Roth IRA Certificates are included as an option at this same rate and term. This highly competitive offer will be available for a limited time only. The timing of the promotion is perfectly aligned with summertime on the way. Before heavy consumer spending associated with summer vacations and celebrations kicks into gear, it’s a good time to put some cash into competitively-priced and safe certificates. At Elements, we believe there is no better way to improve one’s personal financial wellness than to save. Consumers can open the Grass is Greener Certificate now at [URL="http://www.ele

Elements Financial And Velocity CU CD Promotions - 5/18/2016

A couple of new nationally-available CD promotions some may want to look at: Elements Financial--1.50% APY 22-Month CD Velocity--1.61% APY 33-Month step-up IRA CD (1.56% for 33-month non-IRA step-up CD).

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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 - YTD-0.06%
Return on Equity - YTD-0.65%
Annual Interest Income$32.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.31B$1.12B
LoansQ3 2016vs Q3 2015$1.11B$911.3MM
DepositsQ3 2016vs Q3 2015$1.10B$968.3MM
Equity CapitalQ3 2016vs Q3 2015$114.7MM$112.9MM
Loan Loss AllowanceQ3 2016vs Q3 2015$13.9MM$12.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.5MM$3.2MM
Real Estate OwnedQ3 2016vs Q3 2015$66.00K$388.00K
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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

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