New Member Deposits
Each new applicant for residential utility service or general utility service shall pay a deposit of one sixth (1/6) of the projected annual billing for the location or give consent for the Cooperative to run a credit check from a credit reporting service utilized by the Cooperative.The Cooperative shall determine the credit-worthiness of an applicant or consumer in an equitable and nondiscriminatory method and shall determine the credit-worthiness solely upon the credit risk of the applicant or consumer.
If a new applicant is required to provide a deposit as a result of the credit check, the amount of the deposit may range from a minimum of $70 to a maximum of one sixth (1/6) of the projected annual billing for the account.
If no deposit is required at the time of initial membership but the applicant becomes delinquent on any amount within six (6) months after service begins, the Cooperative may require payment of a deposit within ten (10) days or service may be disconnected, with five (5) days notice, until the deposit and any outstanding delinquency is paid.
If a deposit is greater than $70, the Cooperative may allow it to be split over the next 2-3 bills. Service will be connected upon receipt of the first payment.
The fee for a temporary service at a construction site is $20.00 plus deposit. Please call our office to discuss your temporary service.
If an applicant is requesting a new service at a location with no billing history and a deposit is required, then the deposit shall be from a minimum of $70 up to $200. When a new service location has been established for twelve months, the deposit shall be adjusted based upon one sixth (1/6) of the annual billing for the location.
Interest On Deposits
Deposits held more than twelve (12) months shall earn interest from date of deposit at a rate of one and a half percent (1.5%) simple annual interest. The deposit shall not earn interest after the date the deposit is credited to the customer.