Township invests $50,000 with Manistique Federal CU
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Description
Inwood Township approved placing $50,000 from its checking account into a 3‑month investment at Manistique Federal Credit Union at 3.75% APY. The move is part of township cash flow planning approved at the March 18, 2026 meeting.
Contract Details
Contract Amount
$50,000 (investment principal)
Vendor
MANISTIQUE FEDERAL CREDIT UNION
Agency
Town of Inwood, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 18, 2026
Contract Term
3 months at 3.75% APY
Renewal Date
2026-06-18
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