Carroll Electric deposit bonds.
From $100.
Carroll Electric Cooperative Corporation, the member-owned rural electric cooperative serving eleven counties in northwest Arkansas and southern Missouri, will accept a surety bond in place of the cash membership deposit it requires for new electric service. The premium is 2% of the bond amount plus a $25 fee, $100 minimum.
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How much does a Carroll Electric deposit bond cost?
2% of the bond amount plus a $25 fee, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for a utility deposit bond — enter your amount, pay, and deliver the executed bond to Carroll Electric. Here is the whole thing:
Apply online
Your business or household details, the service address, the deposit amount Carroll Electric required, and the effective date — that is the application.
Issued
No credit check up to $15,000. Larger deposits may get a quick review, but the standard membership deposit bond moves fast.
Deliver to Carroll Electric
Submit the executed bond to Carroll Electric Cooperative to satisfy the deposit and activate or keep your electric service. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually covers
When you apply for electric service, Carroll Electric Cooperative Corporation — a nonprofit rural electric cooperative organized in 1937 and now serving more than 120,000 accounts across eleven Arkansas and Missouri counties — can ask new or higher-risk members for a security deposit. A surety bond is an accepted alternative to a cash deposit under the cooperative's membership policy: instead of tying up cash with the co-op, you post a bond that guarantees the same obligation.
The amount is the deposit Carroll Electric sets for your account, generally tied to estimated monthly usage at the serviced property. The bond stands behind your electric charges — if the account goes unpaid and is closed, Carroll Electric can recover its loss against the bond, up to the bond amount.
It is not insurance for you — if the surety pays Carroll Electric on an unpaid account, you repay the surety. For a member who would rather not leave cash sitting with the cooperative, a one-time premium starting at $100 is the cheaper way to satisfy the requirement.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Deliver to Carroll Electric. Submit the executed bond to Carroll Electric Cooperative to satisfy the deposit and activate or keep your electric service. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount plus a $25 fee, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then deliver it.
Submit the application with the service address and the deposit amount Carroll Electric set — your exact price appears at the application, and the executed bond is generated ready to deliver to the cooperative.
Start the application →Common questions.
Other Arkansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
Premiums from $100. Enter the deposit Carroll Electric set, see your exact price before you pay, and deliver the bond the same day.