Financial Statements Consolidated Statement of Financial Condition Selected Data in Millions (unaudited)
Assets
2020
2019
Cash and Investments
$747.2
$380.0
Loans to Members
1,226.5
1,260.2
Allowance for loan losses
(11.4)
(9.6)
Other Assets
62.8
57.1
$2,025.1
$1,687.7
$1,731.4
$1,391.4
Other Liabilities
111.8
145.1
Members’ Equity
181.9
151.2
$2,025.1
$1,687.7
Total Assets Liabilities and Members’ Equity Share Savings, Drafts, and Certificates
Total Liabilities and Members’ Equity Net Worth Ratio
8.58%
8.85%
In management’s opinion, the selected financial data presented herein is free of material error and accurately reflects the financial position and/ or results of operations of Elements Financial for the periods presented. Members may request a complete copy of our audited financial statements by calling (800) 621-2105. A credit union must have a Net Worth to Assets ratio of at least 7.00% to be considered “Well Capitalized” by the National Credit Union Administration (NCUA).