IN WIN Energy REMC utility deposit bonds.
From $100. Enter your amount.
WIN Energy REMC, the member-owned rural electric cooperative serving southwestern Indiana out of Vincennes, may require a new or reconnecting member to post a security deposit before starting electric service — and accepts a surety bond as an alternative to tying up that amount in cash. Premiums cost 2% of the bond amount, $100 minimum, and the application collects no credit information.
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Apply to filed in one sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and submit the bond in place of your cash deposit. Here is the whole thing:
Apply online
Your account details, the deposit amount WIN Energy REMC set, and the effective date — that is the entire application.
Issued
No credit fields in the application, and most applications approve instantly. Premium is priced at 2% of the bond amount, $100 minimum. Larger deposit amounts may get a brief review.
Submit to WIN Energy REMC
Send the executed bond to WIN Energy REMC to satisfy the deposit requirement on your account instead of a cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the WIN Energy REMC deposit bond actually covers
WIN Energy REMC is a member-owned rural electric membership corporation (REMC) headquartered in Vincennes, Indiana, serving member-consumers across several southwestern Indiana counties. Like most Indiana electric cooperatives, WIN Energy REMC’s rules for service let it require a security deposit from a new member, a reconnecting account, or an account with a history of late or unpaid bills, to protect the cooperative’s other members against unpaid usage.
A member who would rather not tie up cash for the length of an account can typically post a surety bond in the same amount instead of a cash deposit. The bond guarantees that if the account goes unpaid, WIN Energy REMC can recover against the bond up to the deposit amount — the same protection a cash deposit provides, without the member’s money sitting idle with the cooperative.
This deposit requirement comes from WIN Energy REMC’s own rules for electric service, not from a specific state statute we can cite by section — Indiana rural electric cooperatives set their own deposit and credit policies as member-owned utilities. Enter the amount stated on your service application or account notice; we price the bond from a $100 minimum, and the application collects no credit information.
You need this bond if you are
One application, then a quick review.
Submit the application with your required deposit amount. No credit fields appear in the application, and larger deposit amounts may get a brief review.
Start the application →Common questions.
Other Indiana bonds.
Keep your deposit cash. Post the bond instead.
From $100, 2% of the bond amount. Enter your required deposit and submit to WIN Energy REMC the same day.