Village of Rudolph Minutes of May 12th, 2026
Village Declines Higher-Rate Loan From First State Bank
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Description
The Village of Rudolph discussed but declined an offer from First State Bank for a new 20-year USDA-related loan at 5.29% interest with $49,000 bi-annual payments. The board opted to remain with its current USDA loan at a lower rate to preserve budget flexibility.
Contract Details
Vendor
FIRST STATE BANK
Agency
Rudolph village, WI
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
20 year loan, 5 years locked at 5.29% with $49,000 bi-annual payments
Renewal Info
Offer for refinancing existing USDA loan; board chose to continue current USDA financing instead of accepting this new loan offer.
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