City of Grand Forks Portfolio Holdings Report March 2026
City Holds $2.5M CD With Alerus Financial
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Description
City of Grand Forks maintains a $2.5 million certificate of deposit with Alerus Financial at a 3.67% yield, maturing May 7, 2026. The CD is carried at par with accrued interest reported in the March 2026 portfolio holdings.
Contract Details
Contract Amount
$2,500,000.00
Vendor
ALERUS FINANCIAL
Agency
City of Grand Forks, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
March 31, 2026
Contract Term
Settlement Date 2/5/2026; Maturity Date 5/7/2026 (approximately 3 months)
Renewal Date
2026-05-07
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