Featured Savings Rates
Featured Accounts

Element Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
5.00%Reward CheckingInfinite Checking
1.50%5-year CD5 Year CD
0.60%1-year CD1 Year CD

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 2,891st largest credit union in the nation. It was established in 1978 and as of June of 2016, it had grown to 15 employees and 4,598 members at 3 locations. Element Federal Credit Union has a B health rating.

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Health
B
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
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.55%
Annual Interest Income$834.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$30.6MM$30.2MM
LoansQ2 2016vs Q2 2015$26.1MM$26.0MM
DepositsQ2 2016vs Q2 2015$26.8MM$26.5MM
Equity CapitalQ2 2016vs Q2 2015$3.5MM$3.4MM
Loan Loss AllowanceQ2 2016vs Q2 2015$477.00K$493.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$541.00K$367.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$76.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Element Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Savings
OTHER TIERS: 0.05% $1k - $25k
0.10%$25-Holiday Club
0.10%$25-Vacation Club
0.10%$25-Soccer Moms & Dads
0.10%$25-My Secret Stash
0.10%$25-Emergency Moolah

Element Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*- Money Market
OTHER TIERS: 0.10% $5k - $10k | 0.13% $10k - $25k | 0.25% $25k - $50k

Element Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*-$2kInfinite Checking
OTHER TIERS: 0.10% $2k+
5.00%*-$2kZombie Account
OTHER TIERS: 0.10% $2k+

Element Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$100-5 Year CD
1.25%$100-3 Year CD
1.00%$100-2 Year CD
0.60%$100-1 Year CD
0.25%$100-6 Months CD

Element Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$100-5 Year IRA
1.25%$100-3 Year IRA
1.00%$100-2 Year IRA
0.60%$100-1 Year IRA
0.25%$100-6 Months IRA
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