Dec, 31, 2020 — ELEMENTS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in INDIANAPOLIS, IN with 5 branch locations and about $2.03 billion in total assets. Opened 45 years ago in 1976, ELEMENTS FINANCIAL FEDERAL CREDIT UNION has about 116,004 members and employs 178 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) | PO BOX 7123 INDIANAPOLIS, IN 46202 |
| Phone: | (317) 524-5076 |
| Fax: | (317) 655-6171 |
| Website: | http://www.elements.org |
| Branches: | 5 branch locations |
| Members: | 116,004 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,025,059,839 |
| CEO/Manager: | Lisa Schlehuber |
| Chairperson: | Mark Saltsgaver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,764,466 |
| TOTAL INVESTMENTS | 709,479,534 |
| Loans Held for Sale | 8,292,561 |
| Real Estate Loans | 789,845,961 |
| Unsecured Loans | 91,863,929 |
| Other Loans | 344,777,093 |
| TOTAL LOANS | 1,226,486,983 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,442,881 |
| Land And Building | 0 |
| Other Fixed Assets | 2,992,686 |
| NCUSIF Deposit | 14,886,560 |
| All Other Assets | 36,599,930 |
| TOTAL ASSETS | 2,025,059,839 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 99,000,000 |
| Accounts Payable & Other Liabilities | 18,393,898 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
| Share Drafts | 336,681,708 |
| Regular shares | 987,501,556 |
| All Other Shares & Deposits | 401,523,159 |
| TOTAL SHARES & DEPOSITS | 1,725,706,423 |
| TOTAL LIABILITIES | 1,848,100,321 |
| Regular Reserve | 17,879,929 |
| Other Reserves | 8,399,202 |
| Undivided Earnings | 150,680,387 |
| TOTAL EQUITY | 176,959,518 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,025,059,839 |
| INCOME & EXPENSE | |
| Loan Income | 47,946,480 |
| Investment Income | 10,624,758 |
| Other Income | 22,398,704 |
| Total Employee Compensation & Benefits | 24,642,554 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,964,979 |
| Non-operating Income & (Expense) | 7,070,030 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,097,281 |
| Cost of Funds | 18,970,773 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,364,385 |
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