FINANCIAL_SERVICESAPPROVED

City of Shelby Awards Financial Services Contract to United Financial Dba Hometrust Bank (March 2023)

Shelby City Council approved Resolution 12‑2023 authorizing a 59‑month financing agreement with United Financial (a Division of HomeTrust Bank) to fund $1,504,823 of rolling stock and equipment purchases at a 3.49% fixed interest rate. The City will make five annual payments of $332,259.51 under this private placement financing structure.

Document date · March 20, 2023

Track City of Shelby contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Shelby.

Get started free

Create a free account · no credit card

Trusted by teams at

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

Scope & details

The full contract record, as filed.

Contract amount
$1,504,823 principal; 3.49% interest, five annual payments of $332,259.51 (total payments $1,661,297.55)
Contract type
FINANCIAL_SERVICES
Contract term
59 months, from on or about February 21, 2023 to January 21, 2028
Renewal date
2028-01-21
Renewal
Single 59‑month installment contract with no prepayment penalty; no renewal options described. City may prepay remaining principal at 100% of outstanding balance plus accrued interest.
Document type
Agenda
Source document
shelby_city_council_regular_meeting_agenda_march_2.pdf

Related contracts

Other contracts from United Financial Dba Hometrust Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Shelby?

United Financial Dba Hometrust Bank was awarded this financial services contract by City of Shelby, as recorded on March 20, 2023. The contract value is $1,504,823 principal; 3.49% interest, five annual payments of $332,259.51 (total payments $1,661,297.55).

How much is the United Financial Dba Hometrust Bank contract with City of Shelby worth?

The United Financial Dba Hometrust Bank contract with City of Shelby is valued at $1,504,823 principal; 3.49% interest, five annual payments of $332,259.51 (total payments $1,661,297.55), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in shelby_city_council_regular_meeting_agenda_march_2.pdf (Agenda), dated March 20, 2023 from City of Shelby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United Financial Dba Hometrust Bank hold?

United Financial Dba Hometrust Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View United Financial Dba Hometrust Bank's profile

What is City of Shelby currently buying?

Explore City of Shelby's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Shelby's profile