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FINANCIAL_SERVICESAPPROVED

Munro Township Minutes Regular Board Meeting 2026-04-14

Township Invests $200,000 in CDs at CNB

$200,000.00 (principal moved into CDs)Town of MunroCNBApril 14, 2026

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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
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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.

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