CONTRACTAPPROVED

City of Ferndale Awards Financial Services Contract to Credit Union One (July 2026)

Disclosed value: $120,000 principal; total repayment $138,826.43 (5 years at 4.99%); From agenda
Approved: Jul 27, 2026
Renews: Mar 2027; Free account

What it covers

Ferndale will finance the purchase and upfitting of two police patrol SUVs through Credit Union One via a five-year, $120,000 loan at 4.99% interest. Annual payments of roughly $27,765 will run from September 2027 through September 2031, totaling $138,826.43.

Who holds it

Credit Union One holds this financial services contract with City of Ferndale. Its other public contracts on record include work for City of Auburn Hills and Chippewa Valley Schools.

What happens next

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Contract details

Contract type: Financial Services
Amount: $120,000 principal; total repayment $138,826.43 (5 years at 4.99%)
Document date: July 27, 2026
Term: Five-year loan, annual payments 09/01/2027–09/01/2031
Renews: On record
Vendor: Credit Union One
Agency: City of Ferndale
Source document: City of Ferndale Agenda City Council Meeting 2026-07-27 (Agenda)

Credit Union One's other public contracts

City of Auburn Hills, MichiganAuburn Hills Proposes Credit Union ONE Authorization · Oct 19, 2026Undisclosed Chippewa Valley Schools, MichiganCredit Union One Approved as School Depository · Aug 10, 2026Undisclosed Chippewa Valley Schools, MichiganCredit Union One Approved as District Depository · Jul 13, 2026Undisclosed City of Davison, MichiganCredit Union One Named City Funds Depository · Jun 8, 2026Undisclosed City of Ferndale, MichiganCouncil Approves Parking Lease with Credit Union One · May 11, 2026Undisclosed All Credit Union One contractsVendor profile

More City of Ferndale contracts

Dmc Consultants IncFerndale Seeks Sunday Construction Authorization for DMC · Oct 13, 2026Undisclosed GAMETIMEFerndale Seeks Payment Approval for GameTime Playground Equipment · Oct 13, 2026$158.7K AXONFerndale Reviews Upcoming AXON Police Technology Renewal · Oct 5, 2026Undisclosed Giffels WebsterFerndale Seeks Giffels Webster Water Main Design · Sep 28, 2026$54.4K D’angelo Brothers IncFerndale Approves Lead Service Line Contract · Sep 28, 2026 All City of Ferndale activityAgency profile

Questions about this contract

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

Credit Union One was awarded this financial services contract by City of Ferndale, as recorded on July 27, 2026. The contract value is $120,000 principal; total repayment $138,826.43 (5 years at 4.99%).

How much is the Credit Union One contract with City of Ferndale worth?

The Credit Union One contract with City of Ferndale is valued at $120,000 principal; total repayment $138,826.43 (5 years at 4.99%), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Ferndale Agenda City Council Meeting 2026-07-27 (Agenda), dated July 27, 2026 from City of Ferndale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Credit Union One hold?

Credit Union One 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 Ferndale currently buying?

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

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