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ElecTel Cooperative Federal Credit Union
Other Collateral

Recreational Vehicle, Watercraft and Motorcycle Loans
Are you looking for a new boat, jetski, motorcycle  or camper? Let ElecTel Cooperative FCU help with your financing needs. We want to finance your recreational vehicle or watercraft. For qualified members, we will finance 100% for a maximum term of 120 months at very affordable rates. Apply today!
Lawn, Garden and Farm Equipment
If you are in need of a tractor, lawn tractor, plow, mower, bailer, trailers or any other related item, please check with us. For qualified members, we can finance up to 100% of the retail price or purchase price -- whichever is less -- for a maximum of 60 months.  Check out our rates, and apply today!
Other Collateral Loans
ElecTel has a variety of other collateral loans to fit our members different needs. Low rates with flexible repayment terms are available. Call one of our loan officers for details at 1-800-849-5600.
Share-Secured Loans
You may use the funds in your regular savings account as loan collateral. Allows you to get the lowest possible interest rate while still earning dividends on your entire savings balance. (The portion of your savings account not being pledged for the loan is still available for withdrawal, transfer, etc.)
Certificate-Secured Loans
We also offer Certificate-Secured Loans that allow you to borrow against a certificate of deposit. The interest rate is 2% above the CD rate, and the loan must be repaid by the certificate's maturity date.

Short-Term Loans
Short-term loans are beneficial to a member who needs a loan on a short-term basis (i.e. - tax refund, reimbursement, etc.). The interest rate for short-term loans will be the current unsecured rate, and the loan may be granted for periods of 30, 60, 90, or 180 days.

Main Office: PO Box 27306, Raleigh, NC 27611
919-872-2395 | 800-849-5600 | fax: 919-876-8018