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ElecTel Cooperative Federal Credit Union
Mortgage Loans
Home Equity Line of Credit

Use your valuable home equity to make home improvements, pay for college, consolidate bills, or for any other good reason with a home equity loan. You’ll get a low interest rate and access to more money than with an unsecured loan. You may also be able to take advantage of certain tax savings, just ask your tax professional.


  • Line of credit up to $100,000
  • NO closing costs
  • borrow up to 90% loan to value, less existing liens
  • minimum advance is $250
  • once limit is established, future advances are just a phone call or convience check away
  • There is no prepayment penalty for early payoff
  • Interest may be tax deductible (consult with your tax advisor regarding the deductibility of interest)
  • During the draw period, you may keep the credit line open even if it has a zero balance
  • Excellent choice for members who want ongoing access to funds

How do I apply for a loan with ElecTel?
Online: The fastest, most secure way to apply for a loan is at our website,
Fax: Print the online application, and then fax it to (919) 876-8018.
Phone: Call us at 1-800-849-5600 and a loan officer will take your loan application over the phone during normal business hours.

Interested in a home equity loan? Call our loan officers today for an application or apply online!

Mortgage Loan Originator (MLO) #s
684249 Lindsey Roten
684251 Sheral Williams Graves

* - annual percentage rate


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