Cedar Falls utility deposit bonds.
Flat 3%. Skip the cash deposit.
When the Municipal Electric Utility of the City of Cedar Falls (Cedar Falls Utilities) asks a customer for a security deposit, a surety bond can stand in for the cash. The utility sets the amount — and we issue the bond at a flat 3% with no credit check, so your money stays in your account.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver it to the utility. Here is the whole thing:
Apply online
Your business details, the deposit amount the utility required, and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
Deliver to Cedar Falls Utilities
Submit the executed bond to the Municipal Electric Utility of Cedar Falls in place of your cash deposit. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the deposit the utility required and the premium updates.
What it is and who needs it.
What the utility deposit bond actually does
The Municipal Electric Utility of the City of Cedar Falls — Cedar Falls Utilities — can require a security deposit from a commercial or higher-risk customer before turning on service. The deposit protects the utility against an unpaid final bill. A surety bond is an accepted alternative that lets you keep your cash.
It's a three-party arrangement: you (the principal), the surety carrier, and the Municipal Electric Utility of Cedar Falls (the obligee). If you leave an unpaid balance the utility can recover up to the bond amount, instead of drawing down a cash deposit it was holding.
If the surety pays the utility, you repay the surety — so customers who pay their electric bills never see a claim. The bond amount equals the deposit the utility set; we issue it at a flat 3% with no credit check.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with the deposit amount Cedar Falls Utilities set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Cedar Falls utility deposit bond? +
Why post a bond instead of cash? +
Is there a credit check? +
What does the bond protect against? +
What amount should I enter? +
Other New York bonds.
Cedar Falls utility deposit bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the deposit amount and keep your cash.