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Overview / Commentary
304-721-4145
3418 MacCorkle Ave SE
Charleston, WV 25304

Element Federal Credit Union is headquartered in Charleston and is the 27th largest credit union in the state of West Virginia. It is also the 2,885th largest credit union in the nation. It was established in 1978 and as of December of 2016, it had grown to 13 employees and 4,507 members at 3 locations. Element Federal Credit Union has a C health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Element Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #23162
Year Chartered1978
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD2.19%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$30.6MM$31.1MM
LoansQ4 2016vs Q4 2015$26.1MM$26.4MM
DepositsQ4 2016vs Q4 2015$26.7MM$27.3MM
Equity CapitalQ4 2016vs Q4 2015$3.6MM$3.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$452.00K$492.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$673.00K$416.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates

Rates for Element Federal Credit Union are currently being reviewed.

Locations


Element Federal Credit Union Locations
Branch Office3418 MacCorkle Ave SECharleston, WV 25304
Branch Office350 Capitol St Rm 156Charleston, WV 25301
Branch Office323 2nd AveSouth Charleston, WV 25303-1213