Forks Township Board of Supervisors Meeting Minutes 2026-05-07
Unity Bank CD Investments Approved for Multiple Funds
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Description
The Board approved investments at Unity Bank for multiple township funds, totaling over $3.5 million in CDs across various terms and accounts.
Contract Details
Contract Amount
Tap In Fund: $575,000 (18-month CD at 3.70%); Recreation Capital: $700,000 (6-month CD at 3.80%); General Fund: $2,250,000 (11-month CD at 3.75%)
Vendor
UNITY BANK
Agency
Town of Forks, PA
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
18 months (Tap In Fund), 6 months (Recreation Capital Fund), 11 months (General Fund)
Renewal Date
2027-11-07
Renewal Info
Each investment has a fixed maturity date corresponding to its term; reinvestment or withdrawal upon maturity.
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