FINANCIAL_SERVICESAPPROVED

City of Melville Awards $3,200,000 Financial Services Contract to Cornerstone Credit Union (October 2026)

Melville originally authorized a $3.2 million loan from Cornerstone Credit Union in 2021 to finance construction of Sewage Lift Station No. 1. The financing was later renewed with Conexus Credit Union under Bylaw No. 07/2026.

Document date · October 5, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$3,200,000
Contract type
FINANCIAL_SERVICES
Contract term
Up to five years from the date of drawdown; 60 monthly installments
Renewal
Original financing authorized under Bylaw No. 14/2021; later replaced by a Conexus Credit Union renewal under Bylaw No. 07/2026.
Document type
Agenda
Source document
City of Melville Agenda 2026-10-05

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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 Melville?

Cornerstone Credit Union was awarded this financial services contract by City of Melville, as recorded on October 5, 2026. The contract value is $3,200,000.

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

The Cornerstone Credit Union contract with City of Melville is valued at $3,200,000, 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 Cornerstone Credit Union hold?

Cornerstone 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 Cornerstone Credit Union's profile

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