Cannabis Banking

West Virginia, Ohio, Maryland, DC

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Element Federal Credit Union is known for going places and doing things others won’t. Our creativity and innovative spirit have helped us serve a wide variety of groups and industries. The cannabis industry is no different. Our passion for serving you is what separates us from all others.

If you’re looking for transparent, safe, and secure cannabis banking, Element is #ThePlaceYouBelong. Because we’re a cooperative, it also means #YouOwnTheJoint.

We serve West Virginia, Ohio, Maryland, and DC. More states are being added as needed.


Cannabis Banking


  • Checking Accounts – earn dividends!
  • Savings Accounts
  • Money Market Accounts
  • Insured Deposits
  • Full Service Banking for Employees
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Deposit Balance* Dividend Rate APY**
$0 to $100,000 0.05% 0.05%
$100,000 to $250,000 0.10% 0.10%
$250,000 to $1,000,000 0.20% 0.20%
$1,000,000 and up 0.50% 0.50%

*Minimum opening balance requirement = $2,500; ongoing minimum monthly balance requirement = $0
Rates can change at any time.

CanPay Payments

CanPay is the only debit payment app that allows you to pay for your purchases at cannabis retailers with a simple debit to your checking account when you make a purchase.

Benefits & Discounts

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