Reserve Fund CD at Freedom Credit Union
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Description
North Wales Borough invested $285,647.43 from its Reserve Fund in a 4.25% CD at Freedom Credit Union maturing May 11, 2026. The investment is estimated to earn $6,385.98 in interest over its term.
Contract Details
Contract Amount
$285,647.43 principal; estimated interest $6,385.98 at 4.25%
Vendor
FREEDOM CREDIT UNION
Agency
Borough of North Wales, PA
Contract Type
FINANCIAL_SERVICES
Document Date
January 1, 2026
Contract Term
May 11, 2025 – May 11, 2026 (365-day CD term)
Renewal Date
2026-05-11
Renewal Info
CD reaches maturity on 2026-05-11; renewal or reinvestment will be at the Borough’s discretion.
More from FREEDOM CREDIT UNION
More from Borough of North Wales
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
borough_of_north_wales_fiscal_year_2026_budget.pdf
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