Element Federal Credit Union

Overview / Commentary
3418 MacCorkle Ave SE
Charleston, WV 25304

Element Federal Credit Union is headquartered in Charleston and is the 24th largest credit union in the state of West Virginia. It is also the 2,712th largest credit union in the nation. It was established in 1978 and as of March of 2019, it had grown to 16 employees and 4,490 members at 3 locations. Element Federal Credit Union's money market rates are 5X 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 - YTD0.74%
Return on Equity - YTD6.26%
Annual Interest Income$547.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$35.3MM$32.0MM
LoansQ1 2019vs Q1 2018$29.2MM$27.2MM
DepositsQ1 2019vs Q1 2018$30.9MM$28.0MM
Equity CapitalQ1 2019vs Q1 2018$4.0MM$3.7MM
Loan Loss AllowanceQ1 2019vs Q1 2018$475.00K$452.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$466.00K$366.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Element Federal Credit Union; 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.

Element Federal Credit Union Savings Account Rates

0.10%*$25k*-Share Savings
OTHER TIERS: 0.05% $100 - $24k
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

Element Federal Credit Union Money Market Rates

2.00%$20k-High Yield Money Market
0.75%*$50k*- Money Market
OTHER TIERS: 0.25% $10k - $25k | 0.40% $25k - $50k

Element Federal Credit Union Checking Account Rates

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

Element Federal Credit Union CD Rates

2.50%$100-3 Year CD
2.50%$100-5 Year CD
2.25%$100-4 Year CD
2.01%$5k-20 Month CD
1.75%$100-2 Year CD
1.55%$5k-14 Month CD
1.25%$100-1 Year CD
1.01%$100-6 Month CD

Element Federal Credit Union IRA Rates

2.50%$100-3 Year IRA
2.50%$100-5 Year IRA
1.75%$100-2 Year IRA
1.25%$100-1 Year IRA
1.01%$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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