Dec, 31, 2022 — ELEMENTS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in INDIANAPOLIS, IN with 5 branch locations and about $2.27 billion in total assets. Opened 47 years ago in 1976, ELEMENTS FINANCIAL FEDERAL CREDIT UNION has about 102,436 members and employs 193 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: | 5 branch locations |
| Members: | 102,436 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,271,914,364 |
| CEO/Manager: | Whitney Anderson-Harrell |
| Chairperson: | Mark Saltsgaver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,135,351 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,822,603 |
| Real Estate Loans | 1,054,377,245 |
| Unsecured Loans | 81,340,383 |
| Other Loans | 407,827,665 |
| TOTAL LOANS | 1,543,545,293 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,832,431 |
| Land And Building | 0 |
| Other Fixed Assets | 2,960,782 |
| NCUSIF Deposit | 15,009,986 |
| All Other Assets | 79,378 |
| TOTAL ASSETS | 2,271,914,364 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 335,000,000 |
| Accounts Payable & Other Liabilities | 30,375,926 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 14,763,138 |
| Share Drafts | 388,094,351 |
| Regular shares | 1,156,566,824 |
| All Other Shares & Deposits | 234,913,150 |
| TOTAL SHARES & DEPOSITS | 1,779,574,325 |
| TOTAL LIABILITIES | 2,159,713,389 |
| Regular Reserve | 0 |
| Other Reserves | -82,699,548 |
| Undivided Earnings | 194,900,523 |
| TOTAL EQUITY | 112,200,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,271,914,364 |
| INCOME & EXPENSE | |
| Loan Income | 38,094,710 |
| Investment Income | 9,049,384 |
| Other Income | 1,841,973 |
| Total Employee Compensation & Benefits | 18,703,090 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,237,101 |
| Non-operating Income & (Expense) | -119,609 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,707,531 |
| Cost of Funds | 11,376,476 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,816,814 |
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