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ElecTel Cooperative Federal Credit Union
Current Rates

Loans | Savings | Certificates
Rates effective as of  May 01, 2014 and subject to change without notice.

Loan Rates
Loans APR Range* Term
Signature Loan  6.70%-12.95%  12
Signature Loan  10.00%-16.25%  24
Signature Loan  12.00%-17.95%  36
Signature Loan  13.00%-17.95%  48
Share Secured  2.25%  60
New Auto Loan  1.99%-9.74%  36
New Auto Loan  1.99%-10.24%  48
New Auto Loan  1.99%-10.24%  60
New Auto Loan  2.49%-12.20%  72
New Auto Loan (over $25,000)  5.99%-13.00%  84
Used Auto Loan  1.99%-9.74%  36
Used Auto Loan  1.99%-10.24%  48
Used Auto Loan  1.99%-10.24%  60
Used Auto Loan  2.49%-12.20%  72
Used Auto Loan (over $25,000)  5.99%-13.00%  84
Lawn, Garden & Farm Equipment  8.90%  60
RV, Watercraft & Motorcycle  5.95%-11.95%  72
RV & Watercraft ($30,000 minimum)  7.95%-13.95%  120
Other Collateral  8.90%  60
Energy Efficient Loan  3.90%-10.90%  60
Energy Efficient Loan 5.90%-12.90% 120
Visa Credit Card  as low as 9.9%  n/a
HELP Line of Credit**  4.25%  n/a

 

*APR = Annual Percentage Rate
Includes a .25% lower rate with direct pay (except on Visa, HELP, RV/Watercraft and Equity Wise loans)
**prime + 1%; variable rate; maximum rate is 18%; no fees required for opening or participation in the plan.
Primary Risk Score: Your primary risk score is part of your credit report and is based on the Fair Isaac "FICO" score. If you would like to find out more about this score, please contact the credit union, or visit the FICO website at
www.myfico.com

Go to Loan Application


Savings Rates
 Savings  Minimum  Dividend Rate  APY* Term
 Regular Savings  $1.00  .10%  .10%  n/a
 Special Savings  $10.00  .10%  .10%  n/a
 Christmas Club  $10.00  .10%  .10%  n/a
 Money Market**  $500.00  .25%  .25%  n/a
 Checking**  $500.00  .05%  .05%  n/a
 IRA Savings  $10.00  .10%  .10%  n/a
 IRA Money Market  $500.00  .25%  .25%  n/a

*APY = Annual Percentage Yield
**$500.00 minimum daily balance to earn interest; no minimum balance to maintain account.
Dividends compounded daily and posted monthly.


Share Certficate Rates
 Share Certficates  Minimum  Dividend Rate  APY*  Term
 Share Certificate (90-day)  $1000.00  .25%  .25%  3
 Share Certificate (180-day)  $1000.00  .30%  .30%  6
 Share Certificate (12-month)  $500.00  .30%  .30%  12
 Share Certificate (24-month)  $500.00  .50%  .50%  24
 Share Certificate (30-month)  $500.00  1.50% 1.50%  30 
 Share Certificate (36-month)  $500.00  .80%  .80%  36
 IRA Share Certificate (90-day)  $1000.00  .35%  .35%  3
 IRA Share Certificate (180-day)  $1000.00  .40%  .40%  6
 IRA Share Certificate (12-month)  $500.00  .40%  .40%  12
 IRA Share Certificate (24-month)  $500.00  .60%  .60%  24
 IRA Share Certificate (36-month)  $500.00  1.49%  1.50%  36

*APY = Annual Percentage Yield
Dividends compounded and posted monthly.
Early withdrawal subject to penalty.




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