Deposit: varies, refundable Service Charge: $15.00 Residential, $50.00 Commercial
The Cooperative generally keeps the deposit for a period of one year. Two point sixty five (2.65%) percent interest is earned on the deposit during that one-year period. Upon completion of the year of service, the deposit and interest it has earned is applied to the consumer’s account. In the event the Cooperative decided to keep the deposit for more than one year because satisfactory credit has not been established, interest will continue to be earned on the deposit during the additional time it is kept. If the consumer moves to a different location before the one-year is complete, the deposit and interest will be transferred to the new location.