FINANCIAL_SERVICESONGOING

Hewitt leverages TFNB CDs for CO and GF investments

Hewitt holds high-yield certificates of deposit with TFNB for its 2025 CO and General Fund unrestricted moneys, with maturities in August 2026 and March 2027. These investments contribute to the city’s interest earnings strategy.

Status
ONGOING
Document date
July 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
TFNB
Agency
City of Hewitt · MN

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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
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 type
FINANCIAL_SERVICES
Contract term
CDs maturing August 28, 2026 and March 23, 2027
Renewal date
2027-03-23
Renewal
Upon CD maturity, the city may choose to renew with TFNB, move funds to other CDs, or liquidate based on market conditions and policy.
Document type
AgendaPacket
Source document
City of Hewitt Agenda Packet 2026-07-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Hewitt?

TFNB was awarded this financial services contract by City of Hewitt, as recorded on July 17, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Hewitt Agenda Packet 2026-07-20 (AgendaPacket), dated July 17, 2026 from City of Hewitt. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does TFNB hold?

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