FINANCIAL_SERVICESDISCUSSED

Melville Plans $3 Million Conexus Term Deposit Reinvestment

Melville Administration planned to reinvest $3 million with Conexus Credit Union in three two-year, non-redeemable term deposits. The deposits would earn 3.35% and preserve liquidity for future capital requirements.

Document date · October 5, 2026

Track City of Melville contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Melville.

Get started free

Create a free account · no credit card

Trusted by 200+ enterprise customers and 1,000+ teams on the free plan

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$3,000,000 total; three separate $1,000,000 term deposits at 3.35%
Contract type
FINANCIAL_SERVICES
Contract term
Two years; non-redeemable term deposits
Renewal date
2028-10-05
Renewal
Two-year term deposits; expected to mature approximately two years after reinvestment.
Document type
Agenda
Source document
City of Melville Agenda 2026-10-05

Related contracts

Other contracts from Conexus Credit Union.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Conexus Credit Union was awarded this financial services contract by City of Melville, as recorded on October 5, 2026. The contract value is $3,000,000 total; three separate $1,000,000 term deposits at 3.35%.

How much is the Conexus Credit Union contract with City of Melville worth?

The Conexus Credit Union contract with City of Melville is valued at $3,000,000 total; three separate $1,000,000 term deposits at 3.35%, 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 Melville Agenda 2026-10-05 (Agenda), dated October 5, 2026 from City of Melville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Conexus Credit Union hold?

Conexus Credit Union may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Conexus Credit Union's profile

What is City of Melville currently buying?

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

View City of Melville's profile