At a glance
From its website, read 2 Nov 2026Element Federal Credit Union is a credit union based in Charleston, West Virginia. Its website describes auto loans, credit-builder loans, home repair loans and 1 other loan type. The consumer loan APR it states is 10.25%. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (304) 721-4145 source |
|---|---|
| team@elementfcu.org source | |
| Apply online | Page with the application link |
| Website | www.elementfcu.org |
| Office (official list) | 3418 Maccorkle Ave SE, Charleston, WV 25304 |
What their website says about applying
chat, or apply today. We’ll start you on your way to financial wellness.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Auto / vehicle loans | Rate stated, not as an APR: see their wording | 5.24/6.24%* | source |
| Home repair / improvement loans | Rate: 10.25% APR | 10.25% APR* | source |
| Home repair / improvement loans | Term: 12 mo–5 yr | 12 to 60 months term | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Credit union |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 25 Jun 2026 |
| RSSD ID | 783880 |
| Address | 3418 Maccorkle Ave SE, Charleston, WV 25304 Directions (Google Maps) |
| Website | www.elementfcu.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan amounts and service area are not stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | — | Used cars, trucks, SUVs at great rates and terms | source |
| Credit-builder loans | — | Own Your Future Credit Builder Loans – only from Element Federal Credit Union! | source |
| Home repair / improvement loans | — | Home Improvement Loans | source |
| Personal / consumer loans | — | LOC & Personal Loans | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Apply Now!
source
Pages read (7)
- https://www.elementfcu.org/
- https://www.elementfcu.org/rates/
- https://www.elementfcu.org/product/loan-credit-cards/
- https://www.elementfcu.org/product-category/loans/
- https://www.elementfcu.org/product/wild-wonderful-loans/
- https://www.elementfcu.org/product-category/credit-cards/
- https://www.elementfcu.org/product/sallie-mae-student-loans/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - How do I become a member, and is there a fee or a minimum deposit?
Credit unions lend only to their members. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your auto loans and credit-builder loans?
Their website states a rate, but not as an APR. The APR includes fees, so it is the number to compare. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$500,000 in 1 award from the U.S. Treasury's CDFI Fund, 2022 (CDFI Equitable Recovery Program).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $500,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Branches and size
NCUA, 30 Jun 2026On file with the NCUA as ELEMENT (charter 23162). Source: NCUA 5300 Call Report quarterly data (public data) as of 30 Jun 2026, downloaded 3 Nov 2026: total assets, members and branch addresses.
| Total assets | $47.3 million (as of 30 Jun 2026) |
|---|---|
| Members | 4,375 (as of 30 Jun 2026) |
| Offices | 4 (as of 30 Jun 2026) |
Offices by state and county (4)
West Virginia (4 offices)
- Kanawha County (4): 3418 Maccorkle Ave SE, Charleston 25304 (main office); 1611 4th Ave, Charleston 25387; 350 Capitol St Rm 156, Charleston 25301; 323 2nd Ave, South Charleston 25303
An office shows where the lender has a branch, not where it lends or whom it lends to. Credit unions serve members only; check who can join. For the ZIP-code search, credit-union offices are placed at the centre of their ZIP code (approximate).
What the regulator filing shows
NCUA 5300, 30 Jun 2026Figures from the 5300 Call Report filed by Element Federal Credit Union (NCUA charter 23162, filed as “ELEMENT”). Source: NCUA 5300 Call Report quarterly data (public data), cycle 30 Jun 2026; year-earlier figures from the 30 Jun 2025 cycle; downloaded 3 Nov 2026.
| Total loans and leases | $28.6 million, 3,123 loans (as of 30 Jun 2026) |
|---|---|
| Change over the year | Down 10.8% from $32 million on 30 Jun 2025 |
| Members | 4,375 (as of 30 Jun 2026); 4,441 (as of 30 Jun 2025) |
| Loans per member | $6,533 (total loans divided by members, 30 Jun 2026) |
| Total assets | $47.3 million (as of 30 Jun 2026) |
Loan mix (balances on 30 Jun 2026)
| Loan category | Balance | Share |
|---|---|---|
| New vehicle loans | $4.3 million | 15.1% |
| Used vehicle loans | $12.1 million | 42.5% |
| Other real estate loans (junior liens, other) | $6.2 million | 21.6% |
| Credit cards | $946,557 | 3.3% |
| Other unsecured loans | $1.9 million | 6.7% |
| Leases and other secured loans | $3.1 million | 10.8% |
None reported on the 30 Jun 2026 report: first-lien home mortgages (1-4 family); commercial (business) loans.
Balances are loans outstanding on the report date, not loans made during the year. A category with no balance does not mean the credit union never makes that kind of loan. Credit unions lend to members only; check who can join.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets (Call Report, 30 Jun 2026) | $47.3 million | Larger than 23% of the 284 other certified credit unions nationwide (median $182.7 million). |
| Loans as a share of assets | 60% | Median of the same 284 credit unions: 70%. A higher share means more of its balance sheet is lent out. |
| Loans held, 30 Jun 2025 → 30 Jun 2026 | $32 million → $28.6 million (-11%) | Median change of 282 other certified credit unions nationwide: +3%. Rank by loans held among these 283: 218 → 223. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Call Report total assets | other certified credit unions nationwide | 284 | larger than 23% |
| Loans held then vs now | certified credit unions nationwide reporting both dates | 282 | rank 218 → 223 of 283 |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Assets and loans: FFIEC and NCUA Call Reports (see the loan-mix section).
Other certified CDFIs in Charleston and West Virginia
- CommunityWorks in West Virginia, Inc.Loan fund · Charleston, WVOfficial list only
- Calhoun County Bank, Inc.Bank or thrift · Grantsville, WVAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- FNB Bank, IncorporatedBank or thrift · Romney, WVAgriculture / farm loans, Auto / vehicle loans, Credit-builder loans, Home mortgages…Verified
- Partner Community Capital, Inc.Loan fund · Charles Town, WVAgriculture / farm loans, Commercial real estate loans, Equipment loans, Microloans…Verified
- Pioneer Community Bank, Inc.Bank or thrift · Iaeger, WVAuto / vehicle loans, Commercial real estate loans, Equipment loans, Home mortgages…Verified
- Whitesville State BankBank or thrift · Whitesville, WVAuto / vehicle loans, Home repair / improvement loans, Home mortgages, Personal / consumer loans…Verified
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