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Cumberland Federal Bank CD in School Portfolio

Gurnee SD 56 logoGurnee SD 56
Disclosed value
$241,000.00
From report
Document date
May 31, 2026
Term
05/29/2026 – 05/20/2027
Renews
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The 30-second brief

What it covers

The district purchased a $241,000 certificate of deposit from Cumberland Federal Bank, FSB, maturing May 20, 2027 at 3.797%. Market value is $249,925.13 as of May 31, 2026.

Who holds it

Cumberland Federal Bank Fsb holds this financial services contract with Gurnee SD 56. Its other public contracts on record include work for Mundelein Cons HSD 120 and Will County SD 92.

What happens next

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Contract details

Contract type
Financial Services
Amount
$241,000.00
Document date
May 31, 2026
Term
05/29/2026 – 05/20/2027
Renews
On record
Vendor
Cumberland Federal Bank Fsb
Agency
Gurnee SD 56
Source document
Gurnee School District #56 Master Total Portfolio Report 2026-05-31 (Report)

Cumberland Federal Bank Fsb's other public contracts

Mundelein Cons HSD 120, IllinoisDistrict Reports Cumberland Federal Bank CD · Sep 9, 2026$241KWill County SD 92, IllinoisDistrict fixed income with Cumberland Federal Bank · Jan 31, 2026$243.9KSt Charles CUSD 303, IllinoisCumberland Federal Bank Single FEIN Investment · Jan 1, 2026$242.6KSt Charles CUSD 303, IllinoisCumberland Federal Bank FSB Deposit Matures 2026 · Dec 1, 2025$242.6KSt Charles CUSD 303, Illinois$242.6K Single FEIN Investment with Cumberland Federal Bank · Nov 1, 2025$242.6KAll Cumberland Federal Bank Fsb contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Gurnee SD 56?

Cumberland Federal Bank Fsb was awarded this financial services contract by Gurnee SD 56, as recorded on May 31, 2026. The contract value is $241,000.00.

How much is the Cumberland Federal Bank Fsb contract with Gurnee SD 56 worth?

The Cumberland Federal Bank Fsb contract with Gurnee SD 56 is valued at $241,000.00, covering financial services work.

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 Gurnee School District #56 Master Total Portfolio Report 2026-05-31 (Report), dated May 31, 2026 from Gurnee SD 56. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Cumberland Federal Bank Fsb hold?

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

What is Gurnee SD 56 currently buying?

Explore Gurnee SD 56's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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