Buffalo Grove Police Pension Fund Meeting Agenda Packet May 2026
Board Closes Charles Schwab Money Market Account
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Description
On January 22, 2026, the Buffalo Grove Police Pension Fund Board voted to close its Charles Schwab money market account and move all funds to its BMO Bank operating account. This action changes the Fund’s cash management structure away from Schwab.
Contract Details
Vendor
CHARLES SCHWAB
Agency
Buffalo Grove village (pt.), IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 8, 2026
Renewal Date
2026-01-22
Renewal Info
Board-directed closure of Schwab money market account; future use of Schwab for cash management discontinued unless specifically reauthorized.
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