I think that is very incorrect according to the theology.
If one is not elect, salvation does not happen. If one is elect salvation happens. Election by itself determines whether salvation must or can not possibly happen.
Grace, faith are dependent, election the independent cause. One can say what they wish, but this is the theology.
Like I said, I am not a Calvinist, so if any out there would care to explain this theology better to our FRiend, please do.
Here's my understanding of the point. When you say, "if one is not elect, salvation does not happen", is true because he did not exhibit saving faith. For one to be of the elect, he WILL exhibit saving faith because of God's irresistible grace. In either case, faith is STILL what saves. No one will be saved who does not have faith. No one who is of the elect will not have faith and no one who is condemned will have faith. If you are elect, you will have saving faith. If you are not of the elect, you will not have saving faith.