SOCWA Continues FDIC-Insured ICS Program at Mercantile

Scope & details

The full contract record, as filed.

Contract amount

$2,804,020 balance as of 6/30/25

Contract type

FINANCIAL_SERVICES

Renewal

Ongoing participation in Mercantile’s Insured Cash Sweep program providing full FDIC coverage with a modest interest rate tradeoff. Board resolution seeks continued authorization consistent with SOCWA’s Investment Policy.

Document type

AgendaPacket

Source document

Southeastern Oakland County Water Authority Organization Meeting Agenda Packet July 2025

Related contracts

Other contracts from Mercantile - Ics.

View all →

Southeastern Oakland County Water Authority AgendaPacket Organization Meeting 2026-07-10

ONGOING

Southeastern Oakland County Water Authority, Michigan$2,374,026 balance as of 6/30/26 (fully FDIC insured via ICS)Jul 9, 2026

Southeastern Oakland County Water Authority AgendaPacket Organization Meeting 2026-07-08

ONGOING

Southeastern Oakland County Water Authority, Michigan$2,374,026 on deposit as of 6/30/26 (full FDIC insurance via ICS)Jul 8, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Southeastern Oakland County Water Authority?

Mercantile - Ics was awarded this financial services contract by Southeastern Oakland County Water Authority, as recorded on July 9, 2025. The contract value is $2,804,020 balance as of 6/30/25.

How much is the Mercantile - Ics contract with Southeastern Oakland County Water Authority worth?

The Mercantile - Ics contract with Southeastern Oakland County Water Authority is valued at $2,804,020 balance as of 6/30/25, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Southeastern Oakland County Water Authority Organization Meeting Agenda Packet July 2025 (AgendaPacket), dated July 9, 2025 from Southeastern Oakland County Water Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mercantile - Ics hold?

Mercantile - Ics 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 Mercantile - Ics's profile

What is Southeastern Oakland County Water Authority currently buying?

Explore Southeastern Oakland County Water Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Southeastern Oakland County Water Authority's profile