Fannin County Electric Cooperative’s deposit policy is designed to assess the credit risk associated with all applications for new or continued service, while protecting the assets of our membership.
It is also important to note that most of our members will be charged no deposit, because they pose little credit risk. Likewise, those members who have not established credit or pose substantial credit risk deserve to bear the financial risk of providing service to them mitigated through a credit-based deposit policy that shifts the financial burden they may pose off of our best-paying customers onto those who do, in fact, pose a risk.
This policy is based upon the use of a technology-based screening tool called the ONLINE Utility Exchange to assess credit risk at the point of application and charge deposits only to those potential members who pose credit risk.

Deposit Criteria

Fannin County Electric Cooperative shall consider the status of the applicant and act according to the following criteria:

Residential Service Applicants
New-service applicants who pose no credit risk (Green Light returned on the ONLINE Utility Exchange) will be charged no deposit.
New-service applicants who pose substantial credit risk (Red Light returned on the ONLINE Utility Exchange) will be charged a deposit not to exceed two month’s average usage for the service address during the preceding 12 months, (1/6 of annual bill).

Red Light turned on with a score of 10 to 50 will be charged a deposit of $300.00

Red Light turned on with a score of 10 to 50 that owes another Utility $500.00

Red light turned on with a score of more than 50 will be charged a deposit of $500.00