FINANCIAL_SERVICESAPPROVED

Town of Inverness Awards $160,000 Financial Services Contract to Alpena Alcona Credit Union (June 2026)

The DDA Board approved reinvesting $160,000 into a 12-month certificate of deposit at Alpena Alcona Credit Union at a 4% interest rate. The action adds $15,833.68 from checking, consolidating funds for investment and interest income.

Status
APPROVED
Document date
June 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Alpena Alcona Credit Union
Agency
Town of Inverness · MI

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$160,000.00
Contract type
FINANCIAL_SERVICES
Contract term
12 months at 4% interest, beginning June 2026
Renewal date
2027-06-09
Renewal
Standard CD maturity; option to reinvest or withdraw at term end.
Document type
Minutes
Source document
Inverness Township DDA Minutes 2026-06-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Inverness?

Alpena Alcona Credit Union was awarded this financial services contract by Town of Inverness, as recorded on June 3, 2026. The contract value is $160,000.00.

How much is the Alpena Alcona Credit Union contract with Town of Inverness worth?

The Alpena Alcona Credit Union contract with Town of Inverness is valued at $160,000.00, covering financial services work.

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 Inverness Township DDA Minutes 2026-06-03 (Minutes), dated June 3, 2026 from Town of Inverness. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Alpena Alcona Credit Union hold?

Alpena Alcona 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 Alpena Alcona Credit Union's profile

What is Town of Inverness currently buying?

Explore Town of Inverness's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Inverness's profile

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