Stock-Secured Loan and Line of Credit

This is a loan that uses stock you own as your collateral. That means you continue to get the benefits of dividends or stock splits while also getting to use the cash you’ve borrowed against it.

How it Works

You can borrow up to 70% of the value of stock you hold at Elements in an LPL account, subject to approval. The funds are held in an LPL Collateralized Loan Account. The variable interest rate is indexed to Prime Rate as published in The Wall Street Journal.¹

Accessing Funds

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. Funds will be available in the Elements account of your choice or sent to you via check.

Loan Repayment

Pay off your loan in regular monthly payments.

Get Started

Yes, you can use your Stock-Secured Loan or Line of Credit on anything you want—it’s up to you!

Get Started

There are no prepayment penalties or loan fees associated with a Stock-Secured Loan.

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 nationally². 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

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- 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