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Frequently Asked Questions about Elements and Coronavirus — Learn More

Frequently Asked Questions about Elements and Coronavirus

To all our members, we thank you for your loyal business and your attention to our communications during these current challenging times.

We have assembled the following list of frequently asked questions and their answers to keep you informed. We will update this resource, as needed, so please be sure to bookmark this web page for easy reference.

If you have questions that aren’t addressed here, please reach out to us through one of the access channels mentioned in Question #2 directly below.

What’s most important at this time is the wellness of our families, friends, and communities. From everyone at Elements, be well and please look to us for continued support of your financial wellness.

  1. What does the Governor Holcomb’s executive "stay at home" order mean to Elements and its daily business operations?
    Banks and credit unions fall into the category of "essential services." That’s why we are prepared to continue providing for your daily financial needs such as savings and checking as well as your short and longer-term goals supported by our extensive lending and credit programs, among all our other services. While the current environment has caused Elements to deploy the majority of our employees to work from home, we are operating as close to business as usual as we can. Further, we have kept some Elements branches open with adjusted days and hours while others have closed, based on restrictions within our partners' facilities.

    Please read the rest of our FAQs below for reminders about our multiple access options and other helpful information.

    Please read the State of Indiana's FAQ for guidance regarding the "Stay at Home" order.

  2. Is my money safe at Elements?
    Yes. The safety and soundness of your financial assets is a top priority at Elements.

    The credit union manages capital and liquidity conservatively. In times of market volatility and uncertainty, we significantly bolster our cash reserves, effectively more than doubling the levels we would typically maintain. All member deposits are federally insured by the National Credit Union Administration, our equivalent of FDIC at the banks.

  3. With travel restrictions and social distancing in place, how do I best access my accounts at Elements? 
    We are here with multiple other access options for you and your accounts during this time of restricted physical access to branches:
    • Online banking via desktop at and mobile app, both with remote check deposit capabilities;
    • Our ATMs globally;
    • Our 24/7 Contact Center: (317) 276-2105 or toll-free (800) 621-2105;
    • Live Chat, accessible at, M-F, 9am-5pm;
    • Secure Messages through online banking and the mobile app;
    • Email via;
    • Shared branches nationwide – You may search for locations near you. (We recommend calling ahead to confirm hours before visiting; some might be offering drive-thru services only at this time.)

      The current situation is dynamic and if the credit union needs to issue any access updates for members, we will do so through our typical communications including but not limited to our website and/or email.

  4. Why are rates dipping?
    The Federal Reserve lowered the rates it controls, as a pre-emptive effort to stimulate the US economy due to the global economic impact from the Coronavirus situation. This gives financial institutions incentive to make more loans at lower rates, allowing individuals and organizations to have cash flow and continue to support the economy. With lower loan rates, deposit rates also typically dip because financial institutions must maintain a viable balance between the two.

  5. I’m experiencing financial challenges – how can you help me?
    If you need additional financial support or alternatives for your loan payments, please contact the credit union through any of the access channels listed above.

  6. I called about my mortgage. When will I hear back from someone?
    Due to the historically low rate environment, our mortgage department is operating on a 48-hour callback schedule. Thank you for your patience.
  7. What about my home appraisal for my mortgage?
    Elements partners with two Appraisal Management Companies; AppraiserVendor.Com and ValuationLink.  You will be contacted by one of these partners who will perform your appraisal. There are guidelines in place to keep you and the appraiser safe. Maintain your distance from one another, turn all lights on and open all doors before the appointment, and be sure all areas and surfaces are clean. Do not hand anything back and forth. Your appraiser will wear gloves. If you have any questions or concerns about a full interior appraisal, please contact your Mortgage Loan Originator.

  8. Are your Elements branches open?
    Most of our branches are operating with reduced hours or even temporary closures at some locations. Please monitor for updates.

  9. If your branches are closed, how can I get cash? A cashier’s check?
    Since Elements is part of the shared branching network, you can withdraw cash and request cashier’s checks at a shared branch. Since many of these locations are limiting hours or providing drive-thru services only, we recommend you call ahead before your visit. Cash is also available at one of our tens of thousands of network ATMs globally.

  10. How do I order checks beyond the branch?
    Online reorders of checks are always available and preferred. Visit this page to learn more:

  11. How do I deposit a check if I do not have access to an Elements branch?
    • Mobile deposit through online or mobile banking is the preferred method. If your check(s) exceed the $15,000 limit per business day, please call us at (800) 621-2105 to request a temporary increase (subject to approval).
    • You may visit a shared branch to deposit the check. We recommend you call ahead before your visit to confirm hours.
    • Another option is to deposit a check by mail to Elements Financial, 225 S East Street Suite 300 Indianapolis, IN 46202.
  12. When will your branches open with regular business hours?
    At this point, we are unsure. As the majority of our physical branches are within our partner’s work locations, we are working closely with them to determine hours and procedures.

  13. Are the shared branches through your community-based network open?
    Many of the shared branch locations in the broader community (beyond our Elements branches) are closing their lobby services and offering drive-thru only. We recommend checking with any shared branch before you visit. It’s best to call each location to confirm hours. You may search for locations near you.

  14. How will I know if any of your branches close or change their hours?
    We will alert members to any branch or business modification via email and/or alerts at You may also call (800) 621-2105 for information.

  15. What are you doing at your branches and offices to keep members and your own employees protected from the spread of Coronavirus?
    We are adhering to prudent health and hygiene guidelines. Many employees are working from home or preparing to do so with company-managed equipment and adhering to all business policies and procedures. We are fully committed to continuing to provide superior member service during these challenging times.

  16. I have a mortgage closing scheduled in-person. Will that be postponed? Can I do it online instead?
    At this point, we are communicating with our title company partners to determine options for your closings. Currently, we are still conducting closings on schedule unless you hear otherwise from your mortgage contacts.

  17. What is the best way to contact a department directly?
    The best way to reach departments is still through our main customer service number (800) 621-2105. This will ensure all calls are routed properly. If you’d prefer direct email contact, a member of the department you’re working with can provide that to you.

  18. Are the financial wellness workshops at my company canceled?
    Through the end of April, our financial wellness workshops are postponed or will be done via webinar. Please visit your partner hub and check the schedule for your employer group under the Events tab. We have labeled current workshops as webinars and no longer lunch and learns. We will continue to communicate through your HR teams, so please reach out to them or your Elements Relationship Manager with questions.

  19. Do you have educational webinars?
    Yes, we do. Technology permitting, we are conducting workshops via webinar when feasible. Currently scheduled webinar workshops are listed under the Events tab on your partner hub. We also have the capability to do video conferencing on a one-on-basis to assist with any financial wellness questions you have during this time.

  20. What are the usage limits on my Elements debit card?
    The daily limit is $5,000 for point-of-sale purchases and $500 for ATM withdrawals.

  21. Are online fund transfers subject to any limitations by frequency?
    Savings accounts are subject to 6 electronic withdrawals per calendar month. All other account types have no limitations on the number of funds transfers you may perform.

  22. How do I access Bill Pay right now?
    On Thursday, March 19, Bill Pay's upgrade was completed and it is available again with new features. All payments which have already been scheduled during the upgrade period will be processed without disruption. Learn more at

  23. I have a small business and I’m struggling – how can I get help?
    For our members in Indiana, the Indy Chamber has developed a Rapid Response Hub with many resources to support our small businesses. Please use this link to access helpful information: In other areas, please check with your local chambers. If you’re a commercial client of Elements, please reach out to us, as well, if you need assistance.

  24. What types of scams should I be watching for?
    Scammers are taking advantage of fears surrounding the Coronavirus and current market volatility. The FTC and SEC have published tips to avoid these types of scams:
    • Avoid online offers for coronavirus-related vaccines, treatments, or cures; they aren't legitimate.
    • Be wary of individuals or illegitimate organizations asking for money for coronavirus victims, or for disease research, especially if they want cash, gift cards, or wires.
    • Watch for emails, phone calls, and text messages claiming to be from the U.S. Centers for Disease Control and Prevention (CDC) or the World Health Organization (WHO) saying they have new information about the virus. For the most up-to-date information, visit the official websites for the CDC ( and the WHO (
    • Ignore phone calls or emails from strangers urging you to invest in a hot new coronavirus stock. Don’t let anyone rush you or pressure you into making important financial decisions.
    • Don't download files or open attachments from unexpected emails, even if the email address looks like a company or person you recognize. Be wary of links from unfamiliar companies.
    • If you think you have been scammed, file a consumer complaint on the Federal Trade Commission ( website.

Important Information About IGC Branch Access

March 24, 2020 — Elements Financial is aware that Indiana Government Center has limited access to its facilities, effective Tuesday, March 24. Our branch at this location will close accordingly until further notice.

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Important Information About Farm Bureau and IGC Branch Access

March 19, 2020 — In light of reduced traffic and access within our partner facilities, we are reducing hours and staffing at all our branch locations until further notice.

Effective Friday, March 20, our hours will change to Monday, Wednesday, Friday, 8am–1pm at our Farm Bureau Building and Indiana Government Center locations which will mirror the schedule at our Lilly Corporate Center and Lilly Technology Center-South branches. Our Lilly Technology Center-North and Elanco branches remain closed at this time. We will notify members of any further branch or business modifications.

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UPDATED - Important Information About Lilly Branch Access

March 17, 2020 — In light of recent access changes at Eli Lilly and Company facilities where we have three branches, we are making the decision to reduce hours and staffing at these locations until further notice.

Effective Wednesday, March 18, our hours will change to Monday, Wednesday, Friday, 8am–1pm at both our Lilly Corporate Center and Lilly Technology Center-South branches. We will close our Lilly Technology Center-North branch at this time. We will notify members of any further branch or business modifications.

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Important Information About Elanco Branch Access

March 13, 2020 — Elements Financial is aware that Elanco has gone to remote access to its Greenfield facilities, effective Monday, March 16, 2020. Our branch at this location will close accordingly until further notice.

We have multiple other access options for you and your accounts during this time of restricted physical access to our Elements branches.

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