Returned Check Charge
The cooperative shall charge for each check that is dishonored and returned to the cooperative. The amount of the charge shall be based on the amount of the returned check:
- Check for less than $50 — $25
- Check for $50 to $299.99 — $30
- Check for $300 or more — $40
Late Payment Charge
A penalty of $5 or 5% (whichever is greater) is assessed for accounts with a past due balance.