When Monroe County Electric Power Association asks for a security deposit to start or keep electric service, a surety bond can stand in for the cash. The association sets the deposit amount; we issue the bond at a flat 3% with no credit check so you keep your cash.
















No underwriting queue for the standard utility bond — enter your amount, pay, and deliver the executed bond to the association. Here is the whole thing:
Your details, the deposit amount, and the effective date — that is the entire application.
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
Deliver the executed bond to the association in place of the cash deposit so your electric service can start or continue. Wet-ink originals mailed on request.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the deposit the association required and the premium updates.
Monroe County Electric Power Association is the member-owned electric cooperative serving Amory, Aberdeen, and Monroe County, Mississippi. Like most utilities, it can require a security deposit before connecting service — especially for a new account or a commercial location — to protect against unpaid bills.
A utility bond is a surety bond the association accepts in place of that cash deposit. It guarantees that if you fail to pay your electric bill, the association can recover the unpaid amount up to the bond’s limit — so you satisfy the deposit requirement without tying up cash.
It is not insurance for you — if the surety pays the association on an unpaid balance, you repay the surety. We issue the amount the association set, at a flat 3% with no credit check, sized to the deposit on your service agreement.
Submit the application with the deposit amount the association required — the executed bond is generated instantly, ready to deliver.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Five-minute application, flat 3%, $275 minimum. Enter the deposit the association required and keep your cash.