Prime PowerLoan
Walton EMC offers the Prime PowerLoan, a prime rate loan to help homeowners install Marathon water heaters and EMC Security systems and equipment.

Prime PowerLoan FAQ:
Q: What is Walton EMC's Prime PowerLoan?
A: Your cooperative can loan money at the current prime interest rate to help you install Marathon water heaters and EMC Security systems and equipment in your home.
Q: Who can qualify?
A: Residential customer-owners of locations served by Walton EMC. You must pass a reasonable test of creditworthiness. This includes a good utility payment record, credit application, credit report and property title where required by loan amount or other circumstances.
Q: How can I use the Prime PowerLoan?
A: The Prime PowerLoan can be used for the purchase of the following types of equipment:

  • Marathon electric water heaters
  • Security Systems (installed by EMC Security only, including intrusion, fire, home automation systems, home entertainment systems, commercial fire and security systems, video surveillance and access control systems)
  • The loan may not be used to refinance other loans. For example, you may not use loan proceeds to pay off "90 days same as cash" or other similar loans.
Q: How much can I finance?
A: The loan is limited to the actual cost of the equipment and installation.
Q: What is the interest rate?
A: The current prime rate at loan closing calculated daily on the unpaid balance. The final payment is adjusted to charge for late payments or give credit for early payments.
Q: How is the loan secured?
A: Loans up to $4,500 are secured by signature. Loans over $4,500 require a deed to secure debt by first or second mortgage on the property where the improvements are installed.
Q: Are there any loan origination fees?
A: On loans up to $4,500 there is a $15 origination fee that includes a credit check. On loans over $4,500, the fee is $110 plus $3 for each additional $1,000 borrowed to include a credit check, title search, recording fees and intangible tax fees.
Q: What is the length of payments?

Loan Amount Maximum Length of Payments Months
Up to $500 24
$501 to $1,000 36
$1,001 to $2,499 48
$2,500 to $3,499 60
$3,500 to $4,499 72
$4,500 to $5,499 84

The loan must be paid off in full if you move off Walton EMC's lines or change power suppliers. Please call for loan amounts of $5,500 and higher.
Q: How is the Prime PowerLoan billed?
A: Walton EMC will bill for monthly loan payments at the time it bills for electric service. Other circumstances will be handled on an individual basis.
Q: How can I apply for a Prime PowerLoan?
A: Download info and application:
Establish Service
For details about prime loan rates available to customer-owners, visit any Walton EMC location or contact us:
  • Email:
  • Phone: 770.267.2505
    Language Interpretation Service Available