Overview / Commentary
3418 MacCorkle Ave SE
Charleston, WV 25304

Element Federal Credit Union is headquartered in Charleston and is the 28th largest credit union in the state of West Virginia. It is also the 2,821st largest credit union in the nation. It was established in 1978 and as of June of 2018, it had grown to 14 employees and 4,455 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 - YTD0.61%
Return on Equity - YTD5.19%
Annual Interest Income$913.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$32.4MM$30.1MM
LoansQ2 2018vs Q2 2017$28.0MM$26.5MM
DepositsQ2 2018vs Q2 2017$28.3MM$26.1MM
Equity CapitalQ2 2018vs Q2 2017$3.8MM$3.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$436.00K$448.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$220.00K$347.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$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%*$25k*-Share Savings
OTHER TIERS: 0.05% $100 - $25k
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

2.25%$25k-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

3.00%$100-5 Year CD
2.50%$100-3 Year CD
2.25%$100-48 Month CD
2.01%$5k-20 Month CD
1.75%$100-2 Year CD
1.55%$5k-14 Month CD
1.30%$1k-13 Month CD
1.25%$100-1 Year CD
1.01%$100-6 Month CD

Element Federal Credit Union IRA Rates

3.00%$100-5 Year IRA
2.50%$100-3 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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