COVID-19 Relief

If you or your family are experiencing financial hardship due to the current health pandemic, we’re here and ready to help with financial relief solutions to fit your situation. Choose from our options listed below or contact us for a personal conversation.

Skip a Payment on your Loans with Element

We’re waiving the application fee on our Skip a Payment program. Eligible loans include: auto, motorcycle, jet ski, boat, RV, personal loans & more!* Login to your online account or complete our Skip A Payment Form.

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*By completing a Skip-A-Payment, you are requesting Element Federal Credit Union to advance the loan due date equal to one month’s payment. You understand that the current balance of the loan is extended by the amount of the payment skipped and that interest will continue to accrue on your loan balance throughout the deferred payment period, which may further extend the term of your loan. If there is more than one borrower on a loan, only one borrower is required to authorize a Skip-A-Payment request.

90 Days No Payments on Loans

Refinance any loan held elsewhere or refinance an existing Element loan for cash out and make no payments for 90 days.*

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* Interest will accrue during 90-day deferment period. First payment must be made beginning in the 4th month, on the due date disclosed in the loan agreement. Certain restrictions apply. Subject to credit approval. Limited time offer. Insured By NCUA.

#WVStrong Loan Now Available

We’ve rolled out our #WVStrong personal loan special of up to $3,000* with a fixed rate of 7.99% APR and maximum term of 18 months, which also qualifies for the 90 days no payments offer.**

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* $3,000 maximum loan amount. All approved loans will receive fixed rate of 7.99% APR (annual percentage rate). Monthly payment on $2,000 loan at 7.99% APR for 18-month term would be $118.27. Subject to credit approval.

**Interest will accrue during 90-day deferment period. First payment must be made beginning in the 4th month, on the due date disclosed in the loan agreement. Certain restrictions apply. Subject to credit approval. Limited time offer. Insured By NCUA.

Fee Waivers Now Available

We’re waiving up to 3 fees per month (courtesy pay and transfer fees), for each member.* Reach out to us to ask for relief.

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* Offer applies to Courtesy Pay and/or Transfer Fees only. You may receive a maximum of 3 fee waivers per month until further notice.

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