Sep, 30, 2025 — ELEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 4 branch locations and about $81.46 million in total assets. Opened 48 years ago in 1978, ELEMENT FEDERAL CREDIT UNION has about 4,424 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELEMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3418 MacCorkle Ave SE CHARLESTON, WV 25304 |
| Phone: | (304) 721-4145 |
| Fax: | (304) 342-3147 |
| Website: | https://www.elementfcu.org |
| Branches: | 4 branch locations |
| Members: | 4,424 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23162 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,456,446 |
| CEO/Manager: | Linda Bodie |
| Chairperson: | Stephan Looney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,829,028 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,064,019 |
| Unsecured Loans | 3,340,637 |
| Other Loans | 21,606,029 |
| TOTAL LOANS | 31,010,685 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -400,740 |
| Land And Building | 574,721 |
| Other Fixed Assets | 1,958,776 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 316,600 |
| All Other Assets | 276,091 |
| TOTAL ASSETS | 81,456,446 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 600,000 |
| Accounts Payable & Other Liabilities | 369,223 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,927,652 |
| Regular shares | 13,596,476 |
| All Other Shares & Deposits | 15,950,913 |
| TOTAL SHARES & DEPOSITS | 70,475,041 |
| TOTAL LIABILITIES | 71,444,264 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,012,182 |
| TOTAL EQUITY | 10,012,182 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,456,446 |
| INCOME & EXPENSE | |
| Loan Income | 2,105,522 |
| Investment Income | 1,104,958 |
| Other Income | 737,877 |
| Total Employee Compensation & Benefits | 882,278 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,298,353 |
| Non-operating Income & (Expense) | -154,374 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,000 |
| Cost of Funds | 452,040 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,126,404 |
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