Dec, 31, 2023 — ELEMENTS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in INDIANAPOLIS, IN with 4 branch locations and about $2.32 billion in total assets. Opened 48 years ago in 1976, ELEMENTS FINANCIAL FEDERAL CREDIT UNION has about 99,781 members and employs 196 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELEMENTS FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 S East St INDIANAPOLIS, IN 46202 |
| Phone: | (317) 524-5076 |
| Fax: | (317) 655-6171 |
| Website: | https://www.elements.org |
| Branches: | 4 branch locations |
| Members: | 99,781 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22468 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,319,040,985 |
| CEO/Manager: | John Huesing |
| Chairperson: | Mark Saltsgaver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 86,095,749 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,179,570 |
| Real Estate Loans | 1,140,427,069 |
| Unsecured Loans | 81,445,778 |
| Other Loans | 387,599,625 |
| TOTAL LOANS | 1,609,472,472 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,814,080 |
| Land And Building | 0 |
| Other Fixed Assets | 2,208,852 |
| NCUSIF Deposit | 15,303,136 |
| All Other Assets | 560,386 |
| TOTAL ASSETS | 2,319,040,985 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 270,000,000 |
| Accounts Payable & Other Liabilities | 31,018,863 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 14,841,233 |
| Share Drafts | 343,876,202 |
| Regular shares | 954,360,036 |
| All Other Shares & Deposits | 560,104,034 |
| TOTAL SHARES & DEPOSITS | 1,858,340,272 |
| TOTAL LIABILITIES | 2,176,128,241 |
| Regular Reserve | 0 |
| Other Reserves | -65,260,303 |
| Undivided Earnings | 208,173,047 |
| TOTAL EQUITY | 142,912,744 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,319,040,985 |
| INCOME & EXPENSE | |
| Loan Income | 75,093,159 |
| Investment Income | 20,181,984 |
| Other Income | 2,711,361 |
| Total Employee Compensation & Benefits | 27,689,337 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 25,801,801 |
| Non-operating Income & (Expense) | -1,025,635 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,586,657 |
| Cost of Funds | 48,378,278 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,348,572 |
| ↑ Back to Top | |