District Opens CD at First Secure Bank for Credit Line
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Description
The Sugar Grove Fire Protection District Board approved opening a one-year $7,500 certificate of deposit at 3% interest with First Secure Bank to serve as collateral for a line of credit. The action was unanimously approved by roll call vote.
Contract Details
Contract Amount
$7,500
Vendor
FIRST SECURE BANK
Agency
Sugar Grove Fire Protection District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
January 12, 2026
Contract Term
One (1) year CD at 3% interest
Renewal Info
CD term is one year at 3% interest; future renewal or rollover would require additional board action.
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