Committee Recommends CD Rollovers Through MSGCU

The Investment Committee agreed to recommend that maturing certificates of deposit be rolled into the best available 12‑month CDs through Michigan Schools and Government Credit Union. The MSGCU agent will determine appropriate CD products at the time of rollover based on prevailing rates and the Commission’s cash needs.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

12-month certificates of deposit (CDs) to be selected at time of rollover

Renewal

Action pertains to reinvestment of existing CD principal into new 12‑month CD products at maturity, as selected by the MSGCU agent; each CD will carry its own renewal/maturity date when issued.

Document type

Minutes

Source document

Investment Committee Meeting Minutes

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Romeo village?

Michigan Schools & Government Credit Union was awarded this financial services contract by Romeo village, as recorded on December 18, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Investment Committee Meeting Minutes (Minutes), dated December 18, 2025 from Romeo village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Michigan Schools & Government Credit Union hold?

Michigan Schools & Government Credit Union may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Romeo village currently buying?

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Committee Recommends CD Rollovers Through MSGCU

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Romeo village?

What type of contract is this?

Where was this contract approved?

What other contracts does Michigan Schools & Government Credit Union hold?

What is Romeo village currently buying?

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