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Certificate Loan

A way to get to the value of your certificate without the penalty of cashing it in early—at a low interest rate.

Apply for a Loan

Or call 1-800-621-2105

Certificate Loan

Continue to earn dividends and avoid any early withdrawal penalties.


  • Uses your Elements Certificate as collateral
  • Borrow up to the full amount of your certificate rather than cashing it in to avoid early withdrawal penalties
  • Borrow at 2%1 above the rate you are earning on the Elements Certificate you are using as collateral
  • Lower interest rate than many other conventional loans
  • No fees or Certificate early withdrawal penalties


  • You already have an Elements Certificate
  • You want to establish credit, allowing for future credit opportunities
  • You prefer a fixed monthly payment
  • Trade-off: Certificate cannot be redeemed until loan is paid off

Apply Now

Can I use a Certificate Loan for anything I want?

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Yes, you can use your Elements Certificate Loan on anything you want—it’s up to you! 

Get Started

How do I access the funds?

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Easily manage your loan activity with Online Banking and the Elements Mobile App. You can access funds in as little as one business day after your loan is finalized. The funds will be available in the Elements account of your choice or sent via check if you prefer.

How does a Certificate Loan compare to other choices for major purchases?

There are benefits and trade-offs to all loans, especially when it comes to paying for major expenses. Compare different types of loan products in the chart below to determine which is best for your needs. As always, your support team at Elements is ready to help you find the product that is best for you — just give us a call at 1-317-542-5055.

  Certificate Loan Home Equity Line of Credit Platinum Visa Credit Card
What It Is

Borrow funds using your Elements Certificate as collateral

Loan for a set amount

Borrow funds using the equity in your home

Revolving credit line for the 10-year draw—use, repay, repeat

Borrow money without using collateral

Key Benefits

Lower interest rate than many conventional loans

Lowest interest rate

$200 Cash Bonus2


2% above your certificate's earning rate

Intro APR for 6 months: 5.99%

Variable APR after 6-month intro period: As low as 8.50%

Intro APR for 6 months: 0%

Variable APR after 6-month intro period: 14.24%

A Good Option for a Major or Unexpected Purchase If You

Own an Elements Certificate

Want to establish credit

Want predictable monthly payments that stay the same

Own your home

Want the flexibility of using funds whenever you need them

Want a lower payment

Don't own your home

Have the means to pay off your balance right away

Can Use It For


Anything! Purchases such as:

- Unexpected emergencies
- Home improvements
- College
- That big vacation
- A new car
- A second home
- Debt Consolidation


Best for smaller, everyday purchases

No Prepayment Penalties
No Annual Fee
Available Amounts

Up to the full amount of your certificate

Whatever your available equity is in your home

Borrow up to $25,000 based on credit rating

What are the fees?

A woman and her dog in the kitchen

There are no fees or early withdrawal penalties associated with a Certificate Loan.

Why should I go to Elements for my loan?

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Like a Bank, Only Better!

Better Rates. Fewer Fees.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

Trusted Advice. Fresh Approach.

We pride ourselves in being a trusted source for financial education. Your financial wellness expert will come to your workplace to answer questions and provide you with one-on-one assistance as you navigate the changes that come with each of life's stages.

Respected Locally. Accessed Globally.

Headquartered in Indianapolis since 1930, we rank among the top 3% of credit unions nationally3. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

High Tech. Human Touch.

Our technology makes banking with Elements easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

Get Started

How do I apply?

Screenshot of Elements online application

3 Easy Steps to Apply

  1. Apply online - You can apply online in as little as 10 minutes! Submit your application anytime or call 1-800-621-2105 to get started. Have ready your government-issued ID (driver’s license, state ID, or passport) and your social security number.
  2. Take our call - We'll contact you within one business day after you submit your application to go over what documentation we'll need and to answer your questions.
  3. That’s it! - We'll contact you with a decision within 10 business days. Once your loan is approved and finalized, you can get cash in your account in as little as one business day.

Apply Now

What Will My Loan Payments Be?

Certificate Loan Calculator


  1. 1 Rates effective as of April 1, 2024, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Subject to credit approval.
  2. 2 Credit Card Related $200 Cash Bonus Value Offer — requiring at least 10 card purchase transactions totaling at least net $1,000 within 90 days of card approval — will be fulfilled as a one-time $200 statement credit. Statement credit will not reduce your monthly payment. If the account is closed within six months, we reserve the right to add the amount of the statement credit back to your account balance at that time. Secured Credit Card excluded. Existing or previous Elements credit cardholders not eligible.  /  Offer subject to credit approval and may be taxable. Elements reserves the right to amend or discontinue offers at any time. Additional terms and conditions may apply. Please allow 4-6 weeks after qualifications are met for receipt of a statement credit. Product offers cannot be combined with other promotional offers for the same product. One offer per household.
  3. 3 Based on asset size as of 12/31/2022.