Township Board Special Meeting Minutes March 2026
Board Approves CD Investment At Lake Michigan CU
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Description
The Board approved a banking change directing Treasurer Wilcox to invest township funds in a CD at Lake Michigan Credit Union as part of the 2026-2027 budget. The move is intended to improve interest earnings after a rate drop at the prior bank.
Contract Details
Vendor
LAKE MICHIGAN CREDIT UNION
Agency
Town of Alamo, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 19, 2026
Renewal Info
New depository and investment relationship established with Lake Michigan Credit Union for CD investment; future renewal or rollover will depend on CD maturity terms not specified in the minutes.
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