Township Invests in CDs at Spencer County Bank
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Description
Luce Township Board approved investment of $150,000, $40,000, and $10,000 in 13-month CDs at Spencer County Bank for various funds. These CDs feature competitive rates to support township and fire finances.
Contract Details
Contract Amount
$150,000 (Township fund), $40,000 (Fire Territory fund), $10,000 (Fire Territory Equipment Replacement)
Vendor
SPENCER COUNTY BANK
Agency
Town of Luce, IN
Contract Type
FINANCIAL_SERVICES
Document Date
January 6, 2026
Contract Term
13 month CDs (purchased January 2026)
Renewal Date
2027-02-10
Renewal Info
13 month term CDs approved in January 2026; renewal possible at maturity in February/March 2027.
More from Town of Luce
Luce Township Board Meeting Minutes January 2026
Luce Township Board Meeting Minutes January 2026
Luce Township Board Meeting Minutes January 2026
Luce Township Board Meeting Minutes January 2026
Luce Township Board Meeting Minutes January 2026
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