CEMC electric deposit bonds.
From $100. Enter your amount.
Instead of tying up cash, Cumberland Electric Membership Corporation (CEMC) — the member-owned cooperative serving Cheatham, Montgomery, Robertson, Stewart, and Sumner counties — lets a non-residential customer post a surety bond to secure an electric-service account. CEMC sets the deposit amount from your expected usage; premiums cost 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 underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver it to CEMC. Here is the whole thing:
Apply online
Your business details, the deposit amount CEMC required, 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. Larger amounts may get a quick review; if a check ever runs, it is a soft pull that will not touch your score.
Deliver to CEMC
Submit the executed bond to Cumberland Electric Membership Corporation in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the CEMC utility deposit bond actually does
When you open or hold a non-residential Cumberland Electric Membership Corporation account, CEMC — the third-largest distribution cooperative in Tennessee, serving Cheatham, Montgomery, Robertson, Stewart, and Sumner counties — can ask for a security deposit against unpaid bills. Rather than leaving cash on deposit, CEMC’s own rules and regulations permit accounts other than residential to post a surety bond or irrevocable letter of credit for the same amount instead of cash.
It is a three-party arrangement: you (the principal), the surety carrier, and CEMC (the obligee). If the account goes unpaid, CEMC 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 commercial and industrial members the bond is simply a cheaper way to satisfy a deposit than tying up the full amount in cash. We issue CEMC’s required amount from $100, and the application collects no credit information.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount CEMC set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Tennessee bonds.
Bond your deposit, keep your cash.
Premiums from $100. Enter CEMC’s deposit amount and deliver the same day.