IL utility deposit bonds.
2% of the bond amount.

Egyptian Electric Cooperative Association — the member-owned electric utility serving Jackson, Randolph, Perry, Williamson, and parts of eight other southern Illinois counties from Murphysboro — will accept a surety bond in place of a cash security deposit for a new or reconnected account. The cooperative sets the deposit amount your bond must match; the premium is 2% of the bond amount, $100 minimum, and the application collects no credit information.

✓

Substitutes for a cash security deposit with Egyptian Electric Cooperative Association

✓

Deposit amount is set by the cooperative on your new-service or reconnect account

✓

2% of the bond amount, $100 minimum — no credit section, exact price at the application

2% rate$100 minimumExactprice at the applicationSoft pull onlynever a hard inquiry

Trusted by industry leaders

How it works

Apply to filed in one sitting.

No underwriting queue for the standard deposit bond — enter your amount, pay, and send the bond to the cooperative. Here is the whole thing:

TODAY · ONLINE

Apply online

Your account details, the deposit amount Egyptian Electric Cooperative required, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

The application collects no credit information, so most bonds generate the moment you pay. Larger amounts may get a quick soft-pull review that never affects your score.

SAME DAY

Send it to the cooperative

Submit the executed bond to Egyptian Electric Cooperative in place of your cash deposit. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the deposit bond actually does

Egyptian Electric Cooperative Association is a member-owned rural electric cooperative headquartered in Murphysboro, Illinois, serving accounts across Jackson, Randolph, Perry, Williamson, St. Clair, Johnson, Union, Monroe, Franklin, and Washington counties. Like most Illinois electric utilities, the cooperative may require a security deposit on a new or reconnected account, based on its own credit-risk assessment and board policy.

This is not a state-mandated requirement — it is the cooperative's own account policy, and this bond is the surety alternative it will accept in place of tying up cash. It is a three-party arrangement: you (the principal), the surety carrier, and Egyptian Electric Cooperative (the obligee). If your account becomes delinquent for an amount the deposit was meant to secure, the cooperative can make a claim against the bond up to its face amount.

It is not insurance for you — if the surety pays a claim, you repay the surety. Confirm the exact deposit figure on your account notice or with Egyptian Electric Cooperative's member services line before you enter an amount below; we issue the bond to match whatever the cooperative required.

Egyptian Electric Cooperative Association deposit policy — not an Illinois statuteEgyptian Electric Cooperative Association sets its own security-deposit requirement for new or reconnected service under cooperative board policy, not under an Illinois statute. Member service representatives communicate the required deposit amount at the time of the service request; that figure — not a fixed state-set number — is the amount this bond should match.

You need this bond if you're

✓

A new Egyptian Electric Cooperative member asked to post a security deposit for service

✓

Reconnecting service after a disconnection and the cooperative requires a fresh deposit

✓

A member who prefers a bond to tying up cash with the cooperative

✓

A landlord or business account the cooperative has flagged for a deposit

One application, issued on the spot.

Submit the application with the deposit amount Egyptian Electric Cooperative set — the executed bond is generated instantly, ready to send in.

Start the application →

FAQ

Common questions.

How much is the Egyptian Electric Cooperative deposit bond?The premium is 2% of the bond amount, $100 minimum. The bond amount itself is the security deposit Egyptian Electric Cooperative set on your account — your exact price appears at the application, before you pay.

Do I pay the full deposit amount?No. The deposit figure is the surety's maximum liability if the cooperative makes a valid claim — not a deposit you hand over. You pay 2% of that amount, $100 minimum, at checkout.

Is there a credit check?The application collects no credit information, so most deposit bonds issue instantly. Larger bond amounts may get a quick soft-pull review — never a hard inquiry, and it never affects your score.

What amount should I enter?The deposit amount Egyptian Electric Cooperative told you on your new-service or reconnect notice. If you're not sure, call the cooperative's member services line before applying — we issue the bond to match whatever figure they require.

Where do I send the bond?Directly to Egyptian Electric Cooperative Association in place of the cash deposit on your account. We deliver the executed bond by email, ready to submit.

Related bonds

Other Illinois bonds.

Skip the cash deposit, today.

2% of the bond amount, $100 minimum, priced at the application. Enter your deposit figure and send it to the cooperative the same day.

Start application

Your premiumfrom $100

Apply now →