Elgin Community College Board of Trustees Agenda March 2026
Luminate Bank CD in ECC Portfolio
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Description
Elgin Community College has a certificate of deposit with Luminate Bank, purchased for $246,800.00 and yielding 3.743% to mature January 16, 2026.
Contract Details
Contract Amount
$246,800.00
Vendor
LUMINATE BANK
Agency
Elgin Community College, IL
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Contract Term
September 15, 2025 – January 16, 2026
Renewal Date
2026-01-16
Renewal Info
Standard maturity date; renewal or withdrawal decision at that time.
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