Tideland EMC is excited to offer you membership in ElecTel Cooperative Federal Credit Union. ElecTel is an ideal source for financing energy-related projects such as backup generators, new HVAC systems and insulation projects.

The first step is to apply for membership online at electel.org. An ElecTel member representative will contact you to conduct the “onboarding” process to obtain proof that you are a Tideland EMC member. A copy of your bill will suffice, or if you are a FlexPay member, Tideland can provide verification of membership.

Your ElecTel account is opened with as little as a $1 deposit so you can begin the loan application process. Proof of income and the proposal for the energy-related project must be submitted. Once approved, loan documents will be sent for electronic signature or by mail. When loan funds are disbursed they are sent directly to the vendor/contractor.

Loan rates are based on the member’s credit score and financing terms, which is up to 10 years for energy projects. Energy project loans are capped at $40,000, and require a first or second lien on the member’s home when financing over $10,000. In the case of manufactured homes, loans can be made if the member owns the land, but lending is capped at $5,000.