The Renaissance Charter School 2 Board of Trustees Meeting Minutes March 2026
School Board Approves Flagstar ICF Banking Program
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Description
The Renaissance Charter School 2 Board approved using the Flagstar ICF program to distribute school funds across multiple FDIC-insured bank accounts via a centralized portal. The program structures deposits in $250,000 increments per account while maintaining liquidity and interest earnings with no withdrawal penalties.
Contract Details
Vendor
FLAGSTAR
Agency
Renaissance Charter School 2 (The), NY
Contract Type
FINANCIAL_SERVICES
Document Date
March 4, 2026
Renewal Info
Funds will be automatically redistributed when individual accounts reach the $250,000 FDIC insurance threshold; no fixed end date or penalties for withdrawal were described.
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