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 todayopens in a new window!

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.