# ELEMENTS FINANCIAL
INDIANAPOLIS, IN · NCUA charter 22468 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/elements-financial-22468

Who the members are: federal charter, multiple common bond, organized 1976, low-income designated. 100,051 members of 230,763 potential (43.4% of the field); checking penetration 37% (share draft accounts per 100 members); loans per 100 members 32.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.50B |
| Members | 100,051 (0.5% YoY) |
| Full-time staff | 184 |
| Net worth | $286.7M |
| Net worth ratio | 11.5% (p64 of band) |
| ROA (annualized) | 0.91% (p67 of band) |
| Total delinquency | 0.35% (p20 of band) |
| Net charge-offs (annualized) | 0.25% (p19 of band) |
| Loans / shares | 78% (p28 of band) |
| Cash / assets | 6.4% |
| Borrowings / assets | 4.99% |
| Net interest margin | 2.66% (p14 of band) |
| Operating expense / assets | 2.25% (p10 of band) |
| Vehicles % of loans | 16% (p23 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 73% (p32 of band) |
| Vehicle delinquency | 0.38% (p24 of band) |
| Vehicle NCO | 1.27% (p64 of band) |
| Repossessed % of vehicle book | 0.20% (p82 of band) |
| Real estate % of loans | 57% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 120% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 25% |
| Average share balance | $13,378 |
| Participations bought / yr | $80.0M |
| Participations sold / yr | $72.3M |
| Participations outstanding | $124.7M |
| Loans outstanding per 100 members | 32% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $51,902 |
| Loans granted, annualized | $259.1M |

## Participation posture (from the same filings)

Bought $80.0M and sold $72.3M in the latest annualized quarter; $124.7M outstanding purchased (43.5% of net worth), $61.8M sold and retained. Sold in 3 and bought in 8 of the last 8 quarters. Shares 0.2% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | thin capital, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 | loans>95% of shares | thin capital |
| 2016-09 | 5 | thin capital, losing money |  |
| 2016-12 | 5 | net worth falling | losing money |
| 2017-03 | 4 |  | loans>95% of shares |
| 2017-06 | 3 |  | net worth falling |
| 2017-09 | 4 | loans>95% of shares |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 3 |  | loans>95% of shares |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | loans>95% of shares |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 3 |  | loans>95% of shares |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | delinquency rising |  |
| 2019-12 | 3 |  | delinquency rising |
| 2020-03 | 4 | margin squeeze |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 4 |  |  |
| 2020-12 | 3 |  | margin squeeze |
| 2021-03 | 2 |  | leaning on borrowings |
| 2021-06 | 1 |  | thin capital |
| 2021-09 | 3 | delinquency rising, leaning on borrowings |  |
| 2021-12 | 2 |  | delinquency rising |
| 2022-03 | 2 |  |  |
| 2022-06 | 5 | net worth falling, delinquency rising, members leaving |  |
| 2022-09 | 3 |  | net worth falling, delinquency rising |
| 2022-12 | 4 | delinquency rising |  |
| 2023-03 | 3 |  | delinquency rising |
| 2023-06 | 2 |  | members leaving |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 4 | net worth falling, delinquency rising |  |
| 2024-06 | 2 |  | net worth falling, delinquency rising |
| 2024-09 | 3 | delinquency rising |  |
| 2024-12 | 2 |  | delinquency rising |
| 2025-03 | 2 |  |  |
| 2025-06 | 3 | delinquency rising |  |
| 2025-09 | 2 |  | 3rd-party paper>100% NW |
| 2025-12 | 2 |  |  |
| 2026-03 | 0 |  | leaning on borrowings, delinquency rising |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-03-03 [Charm Security and Curql Launch National Member Protection Initiative to Advance AI-Driven Scam Protection in Credit Unions - newswire.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxQYVdPQk1CemFJTXgtRy1EOVBZNWo0SG9BWWoyUEdUM05GSi1mbUs1T015RFRJdkJiMUgySXh6bWRpRDNpVVJ0ZWtyTlhPeS1aUmxZOVJwamF1T3N1dVQtbEE2Q0ZBTHJRamk2SHZPczRpVDVZTXQxeUN4Sm00clpPN1RpOHEwenFZYXlNWUNqMGRWSEpnQWFwZzNDRThJaDY4bUVDUg?oc=5) · newswire.com
- 2020-02-25 [Indianapolis Indians & Elements Financial Announce New Naming Rights Partnership for Elements Financial Club - MLB.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNdFc4QXVIYWVDTGVpRWh1eVZmS3hiYUxwekdvN016anJ6WE9JdlY2MDUtQ085RkU4dXFWNWZ0WEkyenBDZkdiblVOSUxkT05BSmtKbUhJVS1QMzlOeVIyQmI0dHhFTWtiQVFScGhZRFNudDVaalBqYl9MaVdSeUN3SGhrR2xKNnRxbjBWMGtpaEhuZmR4MFRLR1B6UENVZE0ybzdHM0pLWlp5dw?oc=5) · MLB.com
- 2019-08-05 [Bend Financial Signs Long-Term Agreement To Provide HSA Technology Solution For Elements Financial Federal Credit Union - PR Newswire](https://news.google.com/rss/articles/CBMihgJBVV95cUxPVHNYOE01aWF5WXN1a3NYUTdqeTVyUGpjTTZzdmxoN1JxY3FXazZXMTBGY0NmRWNlSFdjQURrNVF5Z1BQeXRpeFBaMHlMYkdDOTBTckZJcXJtdEdWSnNfMVJkY0ZCR2ZSMDZWZlM3OWRTcWlFVDcwanJmQURoRjZVamNwU196NXpWWVpnTmFuYVlzTXRIeUc2RjRKZmhZMTVkTFFJT25uQ1Q3MVc2cFBlaGdWVDBfalAyLWFYanZ3bUtFa3JyRFl6YlNCSWRtckoxNEhTT0ZMMmotdUVJOTB4XzAycmVDSFdwLTBQM1ZYdy0xUk1WaUlDWjZqWU1waHBOeVRPNXVR?oc=5) · PR Newswire
- 2019-08-01 [Indianapolis Indians unveil largest investment in Victory Field history with Elements Financial Club - Fox 59](https://news.google.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?oc=5) · Fox 59
- 2017-06-26 [Elements Financial Adds to Team - Inside INdiana Business](https://news.google.com/rss/articles/CBMi2wFBVV95cUxPMTV3Ykk2TmcyN1VsSFUtU0ZjeVJkVzNnRUJ6MmNqOE1URU44dzRVa3VNbGFtd2NvUG0tOWQ2UFpXbDRPR1pYUVlVSFRveFVWLTFsS1JhLThmZ0g3V3dDblE3ckRjOW1tYVRjRGdyVnJUT1JmRk11aXZKc3B4VFd1VzhNd1JoUC1RRGFQRHh5TS16eUVIbzl5QVh1dUE2WnVibE8wQTNIUU5xVVEzLWExemRDWGNtMko4OF9KcGpLMlZUZlNzZDJlcGlkV2VFV2N5c3ByR0dDT3BqY1E?oc=5) · Inside INdiana Business
- 2025-05-16 [Top CDs Today, May 16, 2025 - This 1-Year CD Offers 2.5 Times the Average National Rate - Investopedia](https://news.google.com/rss/articles/CBMivgFBVV95cUxQMzhzOGRTYlA4UUptd2tOcWczX1BUY3Myc2hjT3ZSRFdiWE00OEdOejVVWFFpY0dkMHlsMTlSRHdtUW16ZGR1UklGLXhub21EYWdhek5Bb3pPVDdNRDhPWVdvVWkyeFZLSlBMcU9MRlNYbmFPM3YtbkhqaWhtcFJKQjJZZlJLYnoxYUhKajFMU0RBaWhNQVQ0SC1ZajczdGozeGRuLVhqLV9femg2M18zT3hQMmRiZDVDYUxuS2FR?oc=5) · Investopedia
- 2019-08-01 [Luxury seating behind home plate coming to Victory Field with free draft beer and wine - IndyStar](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNaVlBNllOc2Z6MEhqc25SNmNBSWRQa2JBUXNyRG5zTnQ2TlpEVkF3Z0w1UXFRS1dEdnRVWHpkWFNCNlJ5dzluZTY4S0J3SDJTeHFjMk54eGVGbjl5VXdPYzI5Ykg3ZnFzLVhXZjJMUDNDWnBlWTY0V2tpMm1OY2pvdGp2VFZVSkZFZWU4WmM5cEZNeVBYakZPMktPOWtqTEpNY1h5cVpranFRMmlFZUtWS1hRdEROVW5ZTFZWSjVlaGgtUEhFWGU0aDZDVXJXOFNWSWY5ZVpn?oc=5) · IndyStar

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=22468 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/4.json (key "22468", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=22468
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide