FINANCIAL_SERVICESONGOING

Town Maintains Sweep Account with Union Bank

Underhill continues to maintain its general sweep checking account with Union Bank, where reserve and general funds earn about 2.25% interest. A portion of these funds will remain on deposit after transferring $750,000 into a higher‑yield CD at another institution.

Status
ONGOING
Document date
July 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Union Bank
Agency
Town of Underhill · VT

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Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Ongoing banking relationship for sweep checking; no specific term or renewal provisions discussed.
Document type
Minutes
Source document
Town of Underhill Selectboard Meeting Minutes 2026-07-09

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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 Underhill?

Union Bank was awarded this financial services contract by Town of Underhill, as recorded on July 9, 2026.

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 Town of Underhill Selectboard Meeting Minutes 2026-07-09 (Minutes), dated July 9, 2026 from Town of Underhill. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Union Bank hold?

Union Bank 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 Underhill currently buying?

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

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