Element
Element is a credit union based in Charleston, West Virginia, established in 1978, with $51 million in total assets serving 4,401 members. By Trust Grade it ranks 18th of 73 credit unions we track in West Virginia. Its net worth ratio of 20.2% is stronger than 78% of similarly sized credit unions, versus a West Virginia median of 13.5%. It was profitable over the most recent period, with a 1.53% return on assets. No consumer complaints against Element appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Element compares to West Virginia peers
How we graded Element
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (20.2% capital ratio)
- Strongly profitable (ROA 1.53%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Element over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Element insured?
Yes. Element is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Element: frequently asked questions
Is Element a good credit union?
Element earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (20.2% capital ratio); Strongly profitable (ROA 1.53%).
Is Element NCUA-insured?
Yes. Element is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Element?
Element holds $51 million in total assets, ranking 18th of 73 credit unions we track in West Virginia. It serves 4,401 members.
Does Element have CFPB complaints?
No CFPB complaints against Element appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
