Element Federal Credit Union

Overview / Commentary
3418 MacCorkle Ave SE
Charleston, WV 25304

Element Federal Credit Union is headquartered in Charleston and is the 23rd largest credit union in the state of West Virginia. It is also the 2,704th largest credit union in the nation. It was established in 1978 and as of June of 2019, it had grown to 15 employees and 4,471 members at 3 locations. Element Federal Credit Union's money market rates are 3X the national average, and it has a B+ health rating.


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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

NCUA #23162
Year Chartered1978
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.36%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$35.2MM$32.4MM
LoansQ2 2019vs Q2 2018$28.8MM$28.0MM
DepositsQ2 2019vs Q2 2018$30.8MM$28.3MM
Equity CapitalQ2 2019vs Q2 2018$4.1MM$3.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$505.00K$436.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$333.00K$220.00K
Real Estate OwnedQ2 2019vs Q2 2018$101.00K$0
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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

0.10%$25-Holiday Club
0.10%$25-Vacation Club
0.10%$10-Special Savings
0.10%$25-Soccer Moms & Dads
0.10%$25-My Secret Stash
0.10%$25-Emergency Moolah
0.10%$10-Tip Yourself
0.07%*$25k*-Share Savings
OTHER TIERS: 0.03% $100 - $24k

Element Federal Credit Union Money Market Rates

1.50%$20k-High Yield Money Market
0.50%*$75k*- Money Market
OTHER TIERS: 0.25% $5k - $50k | 0.30% $50k - $75k

Element Federal Credit Union Checking Account Rates

4.99%*$2k*-Infinite Checking
OTHER TIERS: 0.10% Up to $2k
0.10%$500-Basic Checking

Element Federal Credit Union CD Rates

1.75%$100-5 Year CD
1.50%$100-3 Year CD
1.50%$100-4 Year CD
1.25%$100-2 Year CD
1.00%$100-1 Year CD
0.99%$5k-20 Month CD
0.75%$5k-14 Month CD
0.74%$100-6 Month CD

Element Federal Credit Union IRA Rates

1.75%$100-5 Year IRA
1.50%$100-3 Year IRA
1.25%$100-2 Year IRA
1.00%$100-1 Year IRA
0.74%$100-6 Month IRA

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

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