Applications / Mortgage Analytics / Lenders / Indiana / Elements Financial Federal Credit Union
Indianapolis, IN · Credit union · NCUA · $2.5 billion assets · 1,409 loans in 2025
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1,409
loans originated, 2025
1,994
applications, 2025
34
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Elements Financial Federal Credit Union is an Indiana-based home-purchase lender with larger loans than more than nine in ten similar credit unions and a reach of 34 states.
Home purchases were 47.1% of its loans, home improvement 21.2% and refinances 20.9%. Its typical loan was $215,000, larger than at more than nine in ten similar lenders (credit unions making between half and twice as many loans), whose typical loan was $105,000. It lent in 34 states and 107 metros, wider than its Indiana base.
Originations rose 1% to 1,409, slower than nearly three in four peers, whose typical growth was 8%, and the whole market's 10%. Lending in dollars rose to $363.1 million from $318.5 million, as its typical loan grew from $185,000.
Low- and moderate-income (LMI) borrowers took 19.0% of its loans, against 27.1% at peers, though up from 14.4% a year before. Its share in LMI areas, 10.3%, was lower than nearly nine in ten peers. Its purchase-heavy mix and larger loans are possible reasons, as is a footprint spread far beyond its home state.
Its largest market is Indianapolis-Carmel-Greenwood, where it has lent since 1993. In Terre Haute it ranked 23 of 220 lenders, with 0.9% of lending, up from 0.3%, and in Lafayette-West Lafayette its share rose to 0.3% from 0.2%. Its purchase denial rate, 2.1%, was lower than nearly nine in ten peers, whose typical rate was 6.2%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Elements Financial Federal Credit Union took 1,994 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 47.1% · Home improvement 21.2% · Refinance 20.9% · Other 10.7%
Conventional 96.9% · FHA 2.1% · VA 0.8% · USDA (RHS or FSA) 0.1% · of 1,409 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Indiana | 1,212 | 86.0% |
| Florida | 24 | 1.7% |
| Colorado | 18 | 1.3% |
| North Carolina | 16 | 1.1% |
| Illinois | 14 | 1.0% |
| Michigan | 13 | 0.9% |
| Georgia | 10 | 0.7% |
| Virginia | 8 | 0.6% |
| Maryland | 7 | 0.5% |
| New York | 7 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Indianapolis-Carmel-Greenwood | 1,110 |
| Lafayette-West Lafayette | 16 |
| Bloomington | 15 |
| Terre Haute | 11 |
| Charlotte-Concord-Gastonia | 8 |
| Denver-Aurora-Centennial | 8 |
| Baltimore-Columbia-Towson | 6 |
| Chicago-Naperville-Schaumburg | 6 |
| Cape Coral-Fort Myers | 5 |
| Greenville-Anderson-Greer | 5 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300NZWZUYUWEOA562 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 926388 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 522468 | 1993–2017 |
Established 1 January 1976. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Elements Financial Federal Credit Union's data.
Elements Financial Federal Credit Union's data
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Elements Financial Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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