Electric Fund invested in MiClass money market

The City of Croswell invests Electric Fund reserves in the MiClass municipal money market pool at 3.76% interest. This pooled investment generated over $14,000 in second-quarter interest.

Document date · August 17, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Money Market

Renewal

Open-ended participation in MiClass with daily liquidity and no fixed renewal date.

Document type

AgendaPacket

Source document

City of Croswell AgendaPacket Regular Council Meeting 2026-08-17

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Frequently asked questions

Common questions about this contract, answered from the record.

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

MICLASS was awarded this financial services contract by City of Croswell, as recorded on August 17, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Croswell AgendaPacket Regular Council Meeting 2026-08-17 (AgendaPacket), dated August 17, 2026 from City of Croswell. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does MICLASS hold?

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