Village of Freeport Council Meeting Minutes February 2026
Village Renews TCU CD Investment for 3 Months
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Description
The Village of Freeport Council approved the rollover of a certificate of deposit with TCU, valued at $402,846.12 plus interest, for a further 3 months at a rate of 4.25% APR. The new CD maturity date is May 16, 2026.
Contract Details
Contract Amount
$402,846.12 plus any additional interest earned
Vendor
TCU
Agency
Freeport village, MI
Contract Type
FINANCIAL_SERVICES
Document Date
February 9, 2026
Contract Term
3 months (2/16/2026 to 5/16/2026) at 4.25% APR
Renewal Date
2026-05-16
Renewal Info
Rollover of CD for another 3-month term upon maturity; prior maturity was 2/16/2026, now renewed until 5/16/2026.
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