Deposits

Photo of Red umbrella over stacks of gold coin representing Security Deposit

Security Deposit

If the credit of an existing member or for an applicant applying for any type of service has not been established satisfactorily to the Cooperative, a security deposit may be required.  At the time a deposit is required, the Cooperative will provide written information about deposits.  This applies to commercial, industrial or residential service.  This written document will provide the circumstances under which the Cooperative may require a deposit or an additional deposit, how the deposit is calculated, the amount of interest paid on a deposit and how this interest is calculated; and the time frame and requirement for return of the deposit to the member.