FINANCIAL_SERVICESAPPROVED

Town of Higdem Awards Financial Services Contract to PROFINIUM (June 2025)

The Truman City Council approved reinvesting remaining balances from two maturing certificates of deposit into new 12‑month CDs at Profinium at a 3.8% APY. The action consolidates reserve funds into a new investment arrangement with the bank.

Status
APPROVED
Document date
June 16, 2025
Contract type
FINANCIAL_SERVICES
Vendor
PROFINIUM
Agency
Town of Higdem · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
12-month Certificates of Deposit at 3.8% APY
Renewal
Single 12‑month CD investment; renewal or rollover terms at maturity were not discussed in the minutes.
Document type
Minutes
Source document
truman-city-council-minutes-public-works-finance-updates-june-16-2025_914.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Higdem?

PROFINIUM was awarded this financial services contract by Town of Higdem, as recorded on June 16, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in truman-city-council-minutes-public-works-finance-updates-june-16-2025_914.pdf (Minutes), dated June 16, 2025 from Town of Higdem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PROFINIUM hold?

PROFINIUM may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Higdem currently buying?

Explore Town of Higdem's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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