Payment Options

I (we) authorize Corridor Energy Cooperative, hereinafter called Company to initiate electronic debit entries to my bank account to fulfill my (our) monthly electric payment. It is understood that my (our) payment will be deducted from my (our) account five (5) days prior to the “due date” on my (our) monthly statement and may not exceed the “net amount”. It is understood that the Cooperative or I (we) may terminate my (our) participation in the Direct Pay Plan at any time with written or verbal notification. I (we) acknowledge that the origination of ACH transactions to my (our) account must comply with the provisions of U.S. law. In the event a check is returned, a $30.00 fee may be added to your Corridor Energy Cooperative account.

Please Note:

Due to bank regulations, we have to transmit our monthly bank draft file 48 hours in advance of actual withdrawal date of the 20th. If the 20th falls on a holiday or weekend, the withdrawal date will be the next business day. We do not transmit on weekends or holidays so our transmittal date can be anywhere from the 16th to the 18th.

If you are signing up before our transmittal date, your payment will be taken from your account this month. If you sign up after we have transmitted, your payment will not be taken from your bank until next month so you will need to pay your current bill. If you have any questions about this, please call our office at 319-377-1587 or toll free 1-800-332-5420.

If you are already on direct pay and just making a change to an existing bank draft authorization, and our transmittal date falls on a weekend or holiday, the change will be done on the next business day. If you are making a change near our transmittal date, please call our office to discuss the change and avoid having the payment withdrawn from the incorrect account.

I (we) authorize Corridor Energy Cooperative, hereinafter called Company to initiate electronic debit entries to my credit/debit card to fulfill my (our) monthly electric payment. It is understood that my (our) payment will be deducted from my (our) card on the “due date” on my (our) monthly statement and may not exceed the “net amount”. It is understood that the Cooperative or I (we) may terminate my (our) participation in the Recurring Credit/Debit Card Plan at any time with written or verbal notification.

Please Note:

Credit/Debit cards are charged on the 25th of each month. If the 25th falls on a holiday or weekend, the withdrawal date will be the next business day.

If you are signing up for recurring credit/debit card, in order for it to take effect, it must go through a bill cycle. If you have any questions about this, please call our office at 319-377-1587 or toll free 1-800-332-5420.

If you are already on recurring credit/debit card and just making a change to an existing credit/debit card authorization the change is made immediately.

Corridor Energy Cooperative has contracted with National Information Solutions Cooperative to make electronic bill payment options available to its members. We use standard security technology to protect personal information relating to member’s accounts and billing and payment information relating to those accounts. Although we have tried to create a secure and reliable internet payment service, the confidentiality of any communication transmitted over the internet cannot be guaranteed by Corridor Energy Cooperative. Therefore, Corridor Energy Cooperative and its officers, directors, employees, and agents are not responsible for the security of any information transmitted via the internet. Corridor Energy Cooperative is not responsible for any breach of security or for the actions of any third parties that may obtain any personal information. Corridor Energy Cooperative will also not be responsible for any loss resulting from a cause over which it does not have direct control, including, but not limited to, failure of electronic or mechanical equipment or communication lines, telephone or other interconnect problems, computer viruses, unauthorized access, theft, operator errors, or losses due to natural disasters or terrorist activity. Use of National Information Solutions Cooperative is solely at the member’s own risk and is subject to all applicable local, state and national laws and regulations.