Verdigris Valley Electric deposit bonds.
From $100. Enter your amount.
Instead of tying up cash, Verdigris Valley Electric Cooperative — the member-owned utility headquartered in Collinsville that serves parts of northeast Oklahoma — lets a member post a surety bond to secure an electric-service account in place of a cash deposit. The cooperative sets the deposit amount from your expected usage or billing history; premiums are priced at 2% of the bond amount, with a $100 minimum.
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Apply to filed in one sitting.
No underwriting queue for the standard co-op deposit bond — enter your amount, pay, and deliver it to the cooperative. Here is the whole thing:
Apply online
Your member details, the deposit amount the cooperative required, and the effective date.
Issued on the spot
No waiting — the executed bond is generated as soon as you pay. The application collects no credit information; if a check ever runs on a larger amount, it is a soft pull that never touches your score.
Deliver to the cooperative
Submit the executed bond to Verdigris Valley Electric Cooperative in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
When you open or hold an account with Verdigris Valley Electric Cooperative, the cooperative can require a security deposit against unpaid bills — standard practice for a new account, an account with a spotty payment history, or an account reclassified after a late payment. Rather than leaving cash on deposit, a member can post a utility deposit surety bond for the same amount — the cooperative is protected, and the member's money stays in their business or household.
It is a three-party arrangement: you (the principal), the surety carrier, and Verdigris Valley Electric Cooperative (the obligee). If the account goes unpaid, the cooperative can recover the unpaid balance against the bond, up to the deposit amount it set.
It is not insurance for you — if the surety pays a claim, you repay the surety. For most members the bond is simply a cheaper way to satisfy a deposit requirement than tying up the full amount in cash. We price the cooperative's amount at 2% of the bond amount, $100 minimum; the application collects no credit information.
You need this bond if you are
One application, issued the moment you pay.
Submit the application with the deposit amount the cooperative set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Oklahoma bonds.
Bond your deposit, keep your cash.
Premiums from $100. Enter the cooperative’s deposit amount and deliver the same day. Free until issued.