Groom Creek Fire District Board of Directors Meeting Minutes October 2025
Fire Truck Loan Approved with One AZ Credit Union
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Description
The Groom Creek Fire District Board approved a $500,000, 10‑year vehicle loan at 6.5% interest from One AZ Credit Union to purchase a new fire truck, with monthly payments of $5,660. The board also authorized up to $4,000 in associated bank fees to be paid in cash.
Contract Details
Contract Amount
$500,000 plus up to $4,000 in fees
Vendor
ONE AZ CREDIT UNION
Agency
Groom Creek Fire District, AZ
Contract Type
FINANCIAL_SERVICES
Document Date
October 7, 2025
Contract Term
10 years at 6.5% interest, no prepayment penalty
Renewal Date
2035-10-07
Renewal Info
Loan has a fixed 10‑year term with no prepayment penalty; renewal is not automatic and would require new board action at term end.
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Groom Creek Fire District Board of Directors Meeting Minutes October 2025
Groom Creek Fire District Board of Directors Meeting Minutes October 2025
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