Galatia Community Unit School District No. 1 Board Meeting Minutes March 2026
District Invests $1M in CD with Legence Bank
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Description
The board approved placing $1 million from the Working Cash Fund into a six-month certificate of deposit with Legence Bank. This short-term investment aims to earn interest while preserving district liquidity.
Contract Details
Contract Amount
$1,000,000
Vendor
LEGENCE BANK
Agency
Galatia CUSD 1, IL
Contract Type
FINANCIAL_SERVICES
Document Date
March 24, 2026
Contract Term
Six months
Renewal Info
Six-month certificate of deposit; renewal or rollover at maturity would require further action or instruction to the bank.
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