Credit Builder Loan

When you are approved for the loan, the amount you borrow is held in an interest-bearing Elements savings account while you make payments. When your loan is fully repaid, you receive access to the funds.

Your loan payments are reported to credit bureaus while you have the loan. Your credit score is built from information in your credit reports, and having your payments reported helps build your credit as long as you make your payments on time.

Keeping up with payments on your Credit Builder Loan is crucial.

You will receive your loan proceeds when the Credit Builder Loan is paid in full. Until then they are held in an interest bearing savings account.

There is no fees for the Credit Builder Loan, but you will pay interest on the money you borrow.

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 5% of credit unions nationally¹. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 90,000+ 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.

3 Easy Steps to Apply

1. Start your application anytime by calling 1-800-621-2105. 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.