FINANCIAL_SERVICESONGOING

Major General Fund Investment Held with PSDMAX in May 2026

The Allegheny Intermediate Unit invested approximately $36.1 million of general fund balances with PSDMAX at 3.42% interest during May 2026, generating $96,547.80 in monthly interest. PSDMAX is used for large-scale short-term investment of IU funds.

Status
ONGOING
Document date
June 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
PSDMAX
Agency
Allegheny IU 3 · PA

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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
May 1, 2026 – May 31, 2026
Renewal date
2026-05-31
Renewal
Short-term investment position for May 2026; any ongoing or auto-renewing terms with PSDMAX are not provided in this report.
Document type
Report
Source document
Allegheny Intermediate Unit Board Treasurer's Summary Report 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Allegheny IU 3?

PSDMAX was awarded this financial services contract by Allegheny IU 3, as recorded on June 22, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Allegheny Intermediate Unit Board Treasurer's Summary Report 2026-06-22 (Report), dated June 22, 2026 from Allegheny IU 3. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PSDMAX hold?

PSDMAX 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 Allegheny IU 3 currently buying?

Explore Allegheny IU 3's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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