Mar, 31, 2022 — ELEMENTS FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in INDIANAPOLIS, IN with 5 branch locations and about $2.17 billion in total assets. Opened 46 years ago in 1976, ELEMENTS FINANCIAL FEDERAL CREDIT UNION has about 122,640 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: | http://www.elements.org |
| Branches: | 5 branch locations |
| Members: | 122,640 |
| 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: | $2,173,675,244 |
| CEO/Manager: | Whitney Anderson-Harrell |
| Chairperson: | Mark Saltsgaver |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 40,357,790 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,634,329 |
| Real Estate Loans | 908,765,006 |
| Unsecured Loans | 78,789,877 |
| Other Loans | 359,080,809 |
| TOTAL LOANS | 1,346,635,692 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,813,846 |
| Land And Building | 0 |
| Other Fixed Assets | 3,392,546 |
| NCUSIF Deposit | 15,095,473 |
| All Other Assets | 249,716 |
| TOTAL ASSETS | 2,173,675,244 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 129,000,000 |
| Accounts Payable & Other Liabilities | 31,086,304 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 14,731,900 |
| Share Drafts | 423,379,795 |
| Regular shares | 1,236,567,571 |
| All Other Shares & Deposits | 181,077,142 |
| TOTAL SHARES & DEPOSITS | 1,841,024,508 |
| TOTAL LIABILITIES | 2,015,842,712 |
| Regular Reserve | 0 |
| Other Reserves | -33,641,105 |
| Undivided Earnings | 191,473,637 |
| TOTAL EQUITY | 157,832,532 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,173,675,244 |
| INCOME & EXPENSE | |
| Loan Income | 11,513,649 |
| Investment Income | 2,451,827 |
| Other Income | 583,258 |
| Total Employee Compensation & Benefits | 6,452,145 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,455,412 |
| Non-operating Income & (Expense) | -39,870 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 339,980 |
| Cost of Funds | 2,626,088 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,389,927 |
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