A quick Google provided the information you left out...
| Recording Media | SD/SDHC/SDXC |
Try the below links for files on a memory card
Some of this is for Premiere Pro, but the idea is the same for Premiere Elments
Metadata contained in folder http://forums.adobe.com/thread/1015001?tstart=0
-and http://helpx.adobe.com/premiere-pro/using/transferring-importing-files.html
-http://helpx.adobe.com/premiere-pro/using/importing-assets-tapeless-formats.html
The Elements Tutorial Links Page http://forums.adobe.com/thread/1275830 may also help