LA WSTE deposit bonds.
2% of the bond amount.
Washington-St. Tammany Electric Cooperative — the member-owned electric cooperative serving Washington and St. Tammany parishes in southeastern Louisiana, with offices in Slidell, Franklinton, Folsom, and Abita Springs — runs a credit check on every new membership and, alongside its $10 membership fee and $25 connection fee, sets a security deposit when that check calls for one. A surety bond posted with WSTE's member services office frees up that cash instead. Premiums run 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 deposit bond — enter your amount, pay, and file with WSTE. Here is the whole thing:
Apply online
Your account details, the property location, the deposit amount WSTE assigned, and the effective date — that is the entire application.
Issued on the spot
No credit fields in the application and no waiting — the executed bond is generated as soon as you pay. If a check ever runs on a larger amount, it is a soft pull that will not touch your score.
File with WSTE
Submit the executed bond to WSTE member services in place of the cash deposit on your new membership. Wet-ink originals mailed whenever the office insists.
What it is and who needs it.
What the WSTE deposit bond actually replaces
Washington-St. Tammany Electric Cooperative (WSTE) is a member-owned, not-for-profit electric cooperative serving Washington and St. Tammany parishes in southeastern Louisiana, with local offices in Slidell, Franklinton, Folsom, and Abita Springs. Like most utilities and cooperatives, WSTE runs a credit check on every new membership and, based on the result, may require a cash security deposit before turning on electric service — separate from the $10 membership fee and $25 connection fee due at hookup.
A deposit bond in the same face amount is a cash-free alternative some members arrange with WSTE's member services office instead of tying up that cash while their payment history is established. It is a guarantee, not a payment — if the account goes unpaid and service is disconnected, WSTE can claim against the bond, up to its face amount, for the unpaid balance, and if the surety pays, the member repays the surety.
WSTE does not publish a fixed deposit schedule; the figure is set for your account by the credit check at the time you apply for service. Enter the amount WSTE assigned; we price the bond at 2% of that figure, $100 minimum, with no credit information collected in the application itself.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount WSTE assigned your membership — the executed bond is generated instantly, ready to file with member services.
Start the application →Common questions.
Other Louisiana bonds.
Skip the membership deposit hold.
Rate is 2% of the bond amount, $100 minimum. Enter the deposit WSTE assigned and file with member services the same day.