Mancelona Public School Board of Education Minutes Jan 2026
District selects 4Front Credit Union money market
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Description
Mancelona Public Schools placed $1,000,000 into a fully FDIC‑insured money market account with 4Front Credit Union at a 3.8% rate, following its competitive review of local investment opportunities. The investment balances strong returns with liquidity and community partnership benefits.
Contract Details
Contract Amount
$1,000,000
Vendor
4FRONT CREDIT UNION
Agency
Mancelona Public Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2026
Contract Term
Money market account at 3.8% interest, fully FDIC‑insured via structure
Renewal Info
Ongoing money market deposit; no specific maturity or renewal provisions described in the minutes.
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