Okefenoke REMC deposit bonds.
2% of the bond amount. Enter your amount.
Okefenoke Rural Electric Membership Corporation, the Nahunta-based cooperative serving more than 42,000 accounts across southeast Georgia, will accept a surety bond in place of the cash deposit it would otherwise require to start or continue electric service. Under Okefenoke REMC's own rules, that deposit cannot exceed 2.5 times your highest estimated or actual monthly bill. Premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information — enter your bond amount to see your exact price.
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Apply to filed in one sitting.
The Okefenoke REMC deposit bond has no long underwriting queue for the standard amount — enter your figure, apply, and send the executed bond to the cooperative. Here is the whole thing:
Apply online
Your account details, the bond amount Okefenoke REMC set (up to 2.5× your highest monthly bill), and the effective date — that is the entire application.
Priced and issued
The premium is 2% of the bond amount, $100 minimum, and the executed bond is generated as soon as you pay. Larger amounts may get a brief review; if a check ever runs, it is a soft pull that will not affect your score.
File with Okefenoke REMC
Send the executed bond to Okefenoke REMC's member services department so your cash-deposit requirement is released. Wet-ink originals mailed on request.
What it is and who needs it.
What the Okefenoke REMC deposit bond actually does
Okefenoke Rural Electric Membership Corporation is a member-owned, nonprofit electric cooperative serving over 42,000 commercial, industrial, and residential accounts across southeast Georgia (and part of northeast Florida) from its headquarters in Nahunta. Rather than compel a member to leave a cash security deposit on file, Okefenoke REMC will accept a surety bond in the same amount instead.
It is a three-party arrangement: you (the principal), the surety carrier, and Okefenoke REMC (the obligee). If the account goes unpaid, the cooperative can claim against the bond up to the stated amount; if the surety pays, you repay the surety — the bond is not insurance for you.
Under the cooperative's own deposit rule, a required deposit — or the bond that replaces it — may not exceed two and one-half times your highest estimated or actual monthly bill, and Okefenoke REMC may waive part of that figure based on your credit factors. Enter the amount stated on your service or deposit notice; we price the bond at 2% of that amount, $100 minimum, and the application collects no credit information.
You need this bond if you are
Priced at the application.
Submit the application with the bond amount Okefenoke REMC set for your account — the premium is 2% of that amount, $100 minimum, and the executed bond is ready to send to the cooperative the same day.
Start the application →Common questions.
Other Georgia bonds.
Skip the Okefenoke REMC cash deposit with one bond.
2% of the bond amount, $100 minimum. Enter the amount the cooperative set and see your exact price.