Caney Fork EC deposit bonds.
2% of the bond amount, $100 minimum.
Caney Fork Electric Cooperative, a member-owned electric cooperative serving McMinnville and the surrounding Middle Tennessee area, may require a deposit or suitable guarantee from a member before electric service is supplied. A surety bond satisfies that guarantee without tying up cash — premiums run 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 member deposit bond — enter your amount, pay, and deliver it to the cooperative. Here is the whole thing:
Apply online
Your account details, the deposit amount the cooperative required, and the effective date — that is the entire application.
Issued
The executed bond is generated as soon as you pay. A soft credit pull may inform pricing on larger amounts and never affects your score.
Deliver to Caney Fork EC
Submit the executed bond to the cooperative in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the member deposit bond actually does
Caney Fork Electric Cooperative is a member-owned rural electric cooperative distributing power across McMinnville, Warren County, and surrounding Middle Tennessee communities. Under its own deposit policy, a deposit or suitable guarantee may be required of any member before electric service is supplied. Rather than leaving cash on deposit, a member can post a utility deposit surety bond for the same amount — the cooperative is protected, and your money stays with you.
It is a three-party arrangement: you (the principal), the surety carrier, and Caney Fork Electric Cooperative (the obligee). If the account goes unpaid, the cooperative can recover the outstanding balance against the bond, up to the amount it set.
It is not insurance for you — if the surety pays a claim, you repay the surety. The cooperative sets the deposit figure per member under its own deposit policy; there is no single published number. We issue the amount the co-op names, priced at 2% of the bond amount with a $100 minimum.
You need this bond if you are
One application, issued instantly.
Submit the application with the deposit amount the cooperative set — the executed bond is generated as soon as you pay, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Bond your deposit, keep your cash.
Premiums at 2% of the bond amount, $100 minimum. Enter the cooperative’s deposit figure and deliver the same day.