Pickwick electric deposit bonds.
From $100. Enter your amount.
Instead of tying up cash, Pickwick Electric Cooperative — the Selmer-based cooperative serving McNairy County and parts of Chester, Hardeman, and Hardin counties — lets a member post a surety bond to secure an electric-service account. Pickwick bases the deposit on your account’s billing history and credit standing with the cooperative; 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 Pickwick. Here is the whole thing:
Apply online
Your details, the deposit amount Pickwick 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 Pickwick
Submit the executed bond to Pickwick Electric Cooperative in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the Pickwick utility deposit bond actually does
When you open or hold a Pickwick Electric Cooperative account, the co-op — which distributes TVA power to McNairy County and parts of Chester, Hardeman, and Hardin counties — can ask for a security deposit against unpaid bills, generally based on the account’s payment and usage history. Rather than leaving cash on deposit, you can post a utility deposit surety bond for the same amount — Pickwick is protected, and your money stays in your business.
It is a three-party arrangement: you (the principal), the surety carrier, and Pickwick Electric Cooperative (the obligee). If the account goes unpaid, Pickwick 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 than tying up the full amount in cash. We issue Pickwick’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 Pickwick 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 Pickwick’s deposit amount and deliver the same day.