There are a lot of reasons to save money. Maybe you’re planning a special purchase or family vacation. You may have long-range needs like a child’s college education. Or maybe you just need to build a nest egg for some extra peace of mind.

When you’re ready to start saving, we can help. We offer a variety of investment accounts – all with features you need like:

  • Low minimum balance requirements
  • No maintenance fees
  • Payroll deduction
  • Competitive interest rates
  • Deposits federally insured up to $250,000
Piggy Bank

Take a look at what we offer:

  • Regular Savings
    Your basic membership account; makes you eligible for other credit union services. $1.00 to open and maintain. Unlimited deposits and withdrawals. Your membership may be single or joint with another person. As a general rule, all subsequent services (checking, loans, etc.) should be held in the same manner (single or joint) as the regular savings account.
  • Custodial or Minor Account
    Special credit union membership for children. Parent (custodian) controls the account; dividends are reported to the child’s Social Security number. Account must be closed and/or converted to regular membership between age 18 and 21 (as designated by custodian). Any withdrawals must be issued by check.
  • Special Savings Account
    Allows you to save for a special purpose like vacation, taxes, insurance, etc. $10 minimum to open and maintain.
  • Christmas/Holiday Club
    Easy way to save all year long for the holidays. $10 to open and maintain. Amounts are automatically deposited to your ElecTel checking account around October 15th.  If you prefer a check, your check will be mailed to the address we have on file.  Your Christmas/Holiday Club will automatically renew for the next year. A withdrawal fee of $5.00 will be charged for any withdrawal made outside the maturity period October 1st-December 31st. Download Application Opens in New Window/Tabopens in a new window to start!
  • Money Market Account
    Higher-yielding savings account. Minimum $500 to open and earn dividends. No penalty for lower balance.
  • Certificates of Deposit
    Allows you to invest a set amount of money for a fixed period of time. Our terms range from 6 months to 36 months. Minimum deposit as low as $500.
  • Individual Retirement Account
    A tax-sheltered savings plan designed primarily for retirement. We offer traditional and Roth IRA’s, and Coverdell Savings Accounts. Depending on your needs, we can help you decide which account is right for you. All of our IRAs can be opened as share (savings), Money Market, or CD accounts. IRAs earn premium interest rates, and we charge no setup or maintenance fees.
  • Health Savings (HSA)
    If you have a high-deductible insurance plan, you should consider an HSA with ElecTel.  This tax-free savings fund gives you the ability to pay for qualified medical expenses using a debit card.  You can keep track of your expenses and dividends by viewing your account online.

All of our accounts and CDs earn interest that is compounded daily and paid monthly.

Membership requirements are few, but you must open a Basic Savings account to be a member of ElecTel. An initial deposit of just $1 establishes your membership and gives you ownership in the credit union. Why is this so important? As a member, you are now part owner of ElecTel. You can participate in the annual meeting and have a say in the direction of the credit union. As a member and shareholder of the credit union you get the perks of ownership, not some suits on Wall Street!

Open an account today and reap the rewards of an ElecTel membership — Join todayopens in a new window.

Additional questions? Please call us at 1-800-849-5600 or email us at

This is a savings account similar to the Regular Savings account. This account can be used to save for a special occasion, event, etc. Once a Regular Savings account is opened, an initial deposit of only $10 starts you earning dividend rates that are compounded daily and paid monthly on this “Special” account.

ElecTel offers highly competitive dividend rates on Share Certificates for terms of 90 days to 36 months. A low $500 minimum deposit lets you maximize your yield with the complete security of NCUA insurance. You’ll also enjoy:

  • A dividend rate that’s guaranteed throughout the term
  • Maximum return with dividends compounded and posted monthly
  • Statements detailing dividend earnings
  • At the end of the share certificate term, you will receive a maturity notice with a 10-day grace period. Take this opportunity to select another term, add funds to your account, or allow your certificate to renew automatically.

Please visit our rates page for more information, or call us at 1-800-849-5600 for our current specials!