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City acquires long-term CD from MIDFLORIDA Credit Union

City of Shafter
Disclosed value
$249,000.00
From report
Document date
Jul 31, 2025
Renews
Free account

The 30-second brief

What it covers

The City of Shafter invested $249,000 in a MIDFLORIDA Credit Union certificate of deposit on July 11, 2025, earning 4.25% and maturing July 16, 2030. The long-dated CD supports long-term reserve investment objectives.

Who holds it

Midflorida Credit Union holds this financial services contract with City of Shafter. Its other public contracts on record include work for Indian River State College and Marion County School District.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Shafter contract.

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Contract details

Contract type
Financial Services
Amount
$249,000.00
Document date
July 31, 2025
Term
Certificate of deposit; trade date 07/11/2025, maturity 07/16/2030
Renews
Free account
Vendor
Midflorida Credit Union
Agency
City of Shafter
Source document
city-of-shafter-treasurer-s-report-july-2025_f0b.pdf (Report)

Midflorida Credit Union's other public contracts

Indian River State College, FloridaCommencement Scheduled at MIDFLORIDA Credit Union Center · Aug 24, 2026UndisclosedMarion County School District, FloridaMidFlorida Credit Union Supports MCPS Magnet Programs · Jan 13, 2026$2.5KThe School Of Arts And Sciences On Thomasville, FloridaMidFlorida Credit Union Considered in Foundation Bank Transition · Oct 29, 2025UndisclosedCity of Bradenton, FloridaBradenton Subordinates SHIP Loan to MIDFLORIDA · Aug 13, 2025The School Of Arts And Sciences On Thomasville, FloridaCommittee Considers Banking Options After Acquisition · Apr 25, 2025UndisclosedAll Midflorida Credit Union contractsVendor profile

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Questions about this contract

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

Midflorida Credit Union was awarded this financial services contract by City of Shafter, as recorded on July 31, 2025. The contract value is $249,000.00.

How much is the Midflorida Credit Union contract with City of Shafter worth?

The Midflorida Credit Union contract with City of Shafter is valued at $249,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-shafter-treasurer-s-report-july-2025_f0b.pdf (Report), dated July 31, 2025 from City of Shafter. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Midflorida Credit Union hold?

Midflorida Credit Union may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Shafter currently buying?

Explore City of Shafter's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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