Company facts
- Self-certified in SAM.gov
- Entity structure
- Other
- SAM.gov registration date
- Website
- elementfcu.org
- Founded
- 1978
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
Grant subawards
| Prime recipient | Prime award | Amount | Awarded |
|---|---|---|---|
| Inclusiv, Inc. | 84094301 | $2,200,000 |
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| Ncif | Charles Town, WV | — |
| Atikov | Hatillo, Hatillo | — |
| Self-Help Federal Credit Union | Durham, NC | 522130 Credit Unions |
About the company
Element Federal Credit Union, doing business as Element, is a non-profit community development financial institution (CDFI) based in Charleston, West Virginia, that receives federal grants as a prime recipient to expand lending and financial services in low-to-moderate-income communities. Element operates as a CDFI, not as a federal contractor, and holds no federal contract vehicles; its federal footprint consists entirely of grant funding.
Element's grant work centers on community economic development and CDFI capacity building. As a prime recipient, Element received a $1.5 million Community Development Financial Institutions Fund (CDFI) Emerging Response Program award from the Department of the Treasury on April 10, 2023, with completion targeted for December 31, 2028. The award supports expanded lending and financial services to communities and borrowers disproportionately impacted by COVID-19, including small business, affordable housing, broadband internet, and food sufficiency activities, alongside organizational capacity building and technology acquisition. Element also holds a prime award from the Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development, issued August 13, 2024, for an Economic Development Initiative / Community Project Funding award (congressionally directed spending under the Consolidated Appropriations Act 2022) with a completion date of August 31, 2032. Additionally, Element serves as a sub-recipient on a capitalization funding and technical assistance subaward from Inclusiv, Inc., awarded February 12, 2025, for Community Capital Investment Area (CCIA) eligible projects.
The vendor's recent activity is sparse — one award annually across 2023, 2024, and 2025 (combined potential value of $3.2 million obligated dollars) — with three distinct federal grantor agencies and no concentration in any single funder. Element's federal footprint remains narrowly defined as a CDFI grant recipient rather than a federal services contractor.
Quick answers
Is Element Federal Credit Union registered in SAM.gov?
Yes. Element Federal Credit Union's SAM.gov registration is active through September 7, 2027.
What is Element Federal Credit Union's CAGE code?
Element Federal Credit Union's CAGE code is 7N5H9, and its Unique Entity ID (UEI) is CQYPKHMR1BR6.
What is Element Federal Credit Union's most recent federal award?
Element Federal Credit Union's most recent federal grant award is Economic development initiative, community project funding/congressional directed spending awards are authorized… (B24CPWV2405), from Assistant Secretary for Community Planning and Development, on August 13, 2024.
On GovTribe
See Element Federal Credit Union's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors