Storm Shelter Loans

Choctaw Electric Cooperative offers low interest loans for the purpose of building and installing storm shelters. The shelters are six feet wide, eight feet long and six feet, two inches tall. Each shelter features a double handrail on the stairs, a gas-operated door closer, an eight-inch wind turbine and a six-inch vent.

All applicants must read the guidelines below before applying for one of our storm shelters.

 

CEC Storm Shelter Application Guidelines

SUMMARY OF APPLICATION PROCESS:

The member understands that:

1. CEC member will be required to fill out a loan application, and member information sheet. These forms will be returned to Member Services Department at Choctaw Electric in Hugo.
2. CEC will obtain a credit report.
3. The member must not have been on the Cut-off Notice list for the 24-month period preceding the application.
4. Those members connected less than one year must have a prompt pay history with both the cooperative and other creditors. Specific board approval will be required for all loans in this category.
5. Loans will be made to members of Choctaw Electric Cooperative who own the structure to be improved. The members must hold title to the property being improved.
6. When the loan is approved by CEC, the member will be required to sign:
   1. Promissory Note
   2. Agreement that CEC will add monthly loan payment to electric bill and the payment will be paid first.
7. When all necessary forms have been signed, an appointment will be made to have the storm shelter installed.
8. Member must agree that, if he or she should vacate the premises before the loan is repaid, CEC shall bill that member for the remaining unpaid balance of the storm shelter loan. 
   
   

* Required

Title DR MISS MR MRS MS

First Name *

Last Name *

Social Security Number *

Spouse's First Name

Spouse's Last Name

Spouse's Social Security Number

Email Address *

Home Address *

City *

State *

Zipcode/Postcode *

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Home Phone Number *

Work Phone Number *

Cell Phone Number

Do you own your home? * Yes No

Are you a CEC member? * Yes No

CEC Account Number

Date of Application *

Driving directions to your home (please be detailed): *

By checking this box, I certify I have read, understand and agree to the guidelines set forth above. *

Enter Word Verification in box below *