Element Federal Credit Union


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

Element Federal Credit Union is headquartered in Charleston and is the 25th largest credit union in the state of West Virginia. It is also the 2,766th largest credit union in the nation. It was established in 1978 and as of December of 2018, it had grown to 15 employees and 4,477 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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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
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD7.02%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$32.9MM$31.3MM
LoansQ4 2018vs Q4 2017$29.3MM$27.4MM
DepositsQ4 2018vs Q4 2017$28.8MM$27.4MM
Equity CapitalQ4 2018vs Q4 2017$4.0MM$3.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$469.00K$442.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$428.00K$317.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$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

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
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
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

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