Township Invests $200,000 in CDs at CNB
Trusted by teams at
Description
Munro Township authorized transferring $200,000.00 from general savings into certificates of deposit at CNB, splitting the funds between 12-month and 9-month terms. The investment is designated to support future township road projects.
Contract Details
Contract Amount
$200,000.00 (principal moved into CDs)
Vendor
CNB
Agency
Town of Munro, MI
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
$100,000 in 12-month CDs and $100,000 in 9-month CDs
Renewal Info
CDs consist of $100,000 in 12-month terms and $100,000 in 9-month terms; renewal options will depend on CNB terms at maturity and future board action.
More from CNB
More from Town of Munro
Munro Township Regular Board Meeting Minutes 2026-05-12
Munro Township Regular Board Meeting Minutes 2026-05-12
Munro Township Minutes Regular Board Meeting 2026-04-14
Munro Township Minutes Regular Board Meeting 2026-04-14
Munro Township Minutes Regular Board Meeting 2026-04-14
Get alerts on contract renewals, new awards, and vendor activity.
B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.