Woodbridge Housing Authority Resolution Authorizing the Opening of a Government Account and Investment of Funds into Certificates of Deposit 2026-05-11
Housing Authority Opens New Investment Account for CDs
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Description
The Woodbridge Housing Authority approved Resolution #3463 authorizing the opening of an additional government banking account with Valley National Bank and the investment of up to $4,000,000 in certificates of deposit. The action is intended to optimize interest earnings on idle public funds while maintaining principal security and regulatory compliance.
Contract Details
Contract Amount
Up to $4,000,000
Vendor
VALLEY NATIONAL BANK
Agency
Woodbridge Housing Authority, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
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