Elements Financial, formerly the Eli Lilly Federal Credit Union, is among seven credit unions that collectively agreed to pay $7.5 million to settle a lawsuit brought by ITT Educational Services' bankruptcy trustee.
As a fraud investigator at Elements Financial, Andy Shank is fighting against perpetrators who he says are largely anonymous, overseas and unlikely to be caught.
The Eli Lilly Federal Credit lost a bundle on loans to ITT Technical Institute students a few years ago. Now the credit union, which adopted the Elements Financial moniker two years ago, may get hit with a lawsuit from the bankruptcy trustee for the now-defunct for-profit school operator.
Some big Indiana credit unions are ramping up growth, undaunted by the increasingly competitive banking landscape.
Indianapolis-based Elements Financial Federal Credit Union has scooped up 71-year-old State Service Credit Union, a move that provides Elements direct access to one of the largest employers in Indiana.
The Indianapolis Indians don’t open their season until Thursday at Victory Field, but the Tribe's sales team is already hotter than a firecracker on the Fourth of July.
