Victory Electric deposit bonds.
From $100.
When the member-owned Victory Electric Cooperative Association in Dodge City asks a member for a deposit to establish or maintain service, the member can post a surety bond for the deposit amount instead of tying up cash, on a residential or commercial account. Pricing is 2% of the bond amount, $100 minimum.
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How much does a Victory Electric deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard deposit bond — enter your amount, pay, and file with Victory Electric. Here is the whole thing:
Apply online
Your account details, the deposit amount Victory Electric required, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, and most applications approve and issue instantly on payment. Above $15,000, a soft pull may add a short review.
File with Victory Electric
Submit the executed bond to Victory Electric Cooperative in place of your cash deposit. Wet-ink originals mailed on request; plan to renew the bond annually.
What it is and who needs it.
What the deposit bond actually does
Victory Electric Cooperative Association is a member-owned, not-for-profit electric cooperative headquartered in Dodge City, Kansas, serving Ford and Gray counties and parts of Kiowa, Edwards, Hodgeman, Finney, Haskell, Meade, and Clark counties. Like many Kansas rural electric cooperatives, its member-service terms — including deposit requirements — are set under its own Board-approved policies rather than through a rate case before the Kansas Corporation Commission.
Victory Electric can ask a new or existing member to post a deposit to establish or continue service — for example, a new business location with no prior usage history, or a residential account without an established payment record. Rather than leave that cash sitting with the cooperative, its policies accept a surety bond as an alternative to the cash deposit on residential and commercial accounts. You post a bond for the deposit amount and pay a premium instead; the bond guarantees payment of your Victory Electric charges up to the bonded amount, and must be renewed annually to stay in force.
It is not insurance for you — if the surety pays Victory Electric, you repay the surety. The advantage is cash flow: you keep the deposit amount working for you rather than tied up with the cooperative. Enter the deposit amount Victory Electric set on your account and get your price, from a $100 minimum, at the application.
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
File with Victory Electric. Submit the executed bond to Victory Electric Cooperative in place of your cash deposit. Wet-ink originals mailed on request; plan to renew the bond annually.
What sets the price
The premium is 2% of the bond amount, $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, issued on the spot.
Submit the application with the deposit amount Victory Electric required — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Kansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your deposit working.
Pricing from $100. Post a bond instead of cash with Victory Electric the same day.