Town of Selma Council Meeting Agenda Packet May 7 2026
Selma Confirms Fire Truck Financing with Civic Federal Credit Union
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Description
The Town of Selma Council approved amended financing terms with Civic Federal Credit Union for up to $758,493 at a fixed rate not exceeding 5.70% over eight years to purchase a 2026 Pierce fire truck. The updated resolution corrects the lender’s name while maintaining previously approved terms and authorizes execution of all financing documents.
Contract Details
Contract Amount
Not to exceed $758,493.00
Vendor
CIVIC FEDERAL CREDIT UNION
Agency
Town of Selma, NC
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Contract Term
Not to exceed eight (8) years
Renewal Date
2034-12-31
Renewal Info
Single financing term not to exceed eight years; no renewals indicated. Amended resolution corrects lender name but does not alter original financing terms.
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