College Renews Line of Credit with Zeal Credit Union

Gogebic Community College renewed its annual line of credit with Zeal Credit Union at a 5.25% interest rate to manage cash flow during periods when state aid and property tax revenues are not yet available. The Board approved the resolution to continue this financing arrangement for the coming year.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Annual line of credit during state aid and tax revenue gaps

Renewal date

2027-06-30

Renewal

Annual line of credit customarily sought each year to cover cash flow gaps; renewed with Zeal Credit Union at 5.25% interest as confirmed by the Director of Finance.

Document type

Minutes

Source document

Gogebic Community College Minutes Regular Board Meeting 2026-06-30

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Gogebic Community College?

Zeal Credit Union was awarded this financial services contract by Gogebic Community College, as recorded on June 30, 2026.

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 Gogebic Community College Minutes Regular Board Meeting 2026-06-30 (Minutes), dated June 30, 2026 from Gogebic Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Zeal Credit Union hold?

Zeal 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.

View Zeal Credit Union's profile

What is Gogebic Community College currently buying?

Explore Gogebic Community College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Gogebic Community College's profile

College Renews Line of Credit with Zeal Credit Union

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Gogebic Community College?

What type of contract is this?

Where was this contract approved?

What other contracts does Zeal Credit Union hold?

What is Gogebic Community College currently buying?

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