Upper Cumberland EMC deposit bonds.
From $100.
Upper Cumberland Electric Membership Corporation (UCEMC) lets an applicant for electric service post a surety bond in place of a cash membership deposit, for the same figure. UCEMC sets the deposit amount, usually sized to your estimated or recent usage. The premium is 2% of the bond amount, $100 minimum.
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How much does an Upper Cumberland EMC deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and file with UCEMC. Here is the whole thing:
Apply online
Your account or business details, the deposit amount UCEMC set, and the effective date — that is the application.
Issued on the spot
Most applicants have the bond generated as soon as they pay, no waiting. No credit check up to $15,000. Above $15,000, a soft pull may add a short review.
File with UCEMC
Submit the executed bond to Upper Cumberland Electric Membership Corp in place of the cash membership deposit on your account. Wet-ink originals mailed whenever the cooperative insists.
What it is and who needs it.
What the utility deposit bond actually covers
Upper Cumberland Electric Membership Corporation is a member-owned Tennessee Valley Authority (TVA) power distributor serving the Cumberland Plateau region out of four district offices. Like other electric cooperatives, UCEMC can require a membership or service deposit before turning on power at a new address — sized under the cooperative's own board deposit policy, generally based on estimated or recent usage, and higher after a history of late payment. Rather than leave that cash sitting with the cooperative, UCEMC accepts a surety bond for the same amount in place of the cash.
The bond is a payment guarantee in lieu of the cash deposit: it stands behind the electric charges on your account. If the account goes unpaid and the deposit would have covered it, UCEMC can recover against the bond instead of drawing down a cash deposit.
It is not insurance for you — if the surety pays UCEMC, you repay the surety. The advantage is cash flow: you pay a small premium — from $100 — rather than locking up the full deposit amount. Enter the figure UCEMC set on your account notice and your exact price appears at the application.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with UCEMC. Submit the executed bond to Upper Cumberland Electric Membership Corp in place of the cash membership deposit on your account. Wet-ink originals mailed whenever the cooperative insists.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the deposit amount UCEMC set — the executed bond is generated instantly, ready to file in lieu of the cash deposit.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Utility deposit bond, issued today.
Premiums from $100 — your exact price appears at the application. Enter the deposit UCEMC set and file the same day.