Medina EC deposit bonds.
2% of the bond amount.
Medina Electric Cooperative, Inc., the member-owned electric cooperative serving over 18,000 members across 17 South and Central Texas counties, can require a commercial or industrial member without established credit to post a security deposit under its retail tariff. This surety bond is offered as a substitute for that cash deposit — confirm with Medina EC that a bond satisfies your specific account before applying. Pricing is 2% of the bond amount, $100 minimum. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.
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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 to Medina EC. Here is the whole thing:
Apply online
Your business details, the deposit amount Medina EC set, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information of any kind, and the bond issues the moment you pay.
Deliver to Medina EC
Submit the executed bond to Medina Electric Cooperative to satisfy your deposit requirement and energize service. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Medina Electric Cooperative, Inc. is a not-for-profit, member-owned electric cooperative formed in November 1938 to bring electricity to rural South and Central Texas, with its early infrastructure financed through federal Rural Electrification Administration loans, serving more than 18,000 members across a 10,750-square-mile, 17-county service area in South and Central Texas. Under Section 5 (Customer Relations) of its retail tariff, the Cooperative can require a security deposit from a commercial or industrial applicant whose credit has not been established to its satisfaction, sized to the account's load and estimated usage.
This bond is the surety alternative to that cash deposit: a guarantee to Medina EC that your utility charges will be paid. If the account is closed with an unpaid balance, the cooperative can recover against the bond up to the deposit amount, rather than against cash it would otherwise hold on your behalf.
It is not insurance for you — if the surety pays Medina EC, you repay the surety. The advantage is cash flow: you pay a small premium instead of locking up the full deposit with the cooperative. Enter the figure Medina EC set and see your exact price — the application collects no credit information of any kind, not even a soft pull.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount Medina EC set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Texas bonds.
Free up cash instead of leaving it on deposit.
Rated at 2% of the bond amount, $100 minimum. Enter the figure Medina EC set and deliver the executed bond the same day.