City of Shelby Awards Financial Services Contract to United Financial Dba Hometrust Bank (March 2020)

Scope & details

The full contract record, as filed.

Contract amount

$1,103,671.00 (principal), interest at 1.68% over 59 months

Contract type

FINANCIAL_SERVICES

Contract term

59 months from closing, with four annual payments of $235,000.00 and a final payment of $219,120.20 (bank-qualified structure)

Renewal date

2025-03-16

Renewal

Single 59‑month term installment financing with fixed interest; no renewal or extension options described. Loan amortization ends after the fifth payment.

Document type

Agenda

Source document

shelby_city_council_regular_meeting_agenda_march_2.pdf

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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 Shelby?

United Financial Dba Hometrust Bank was awarded this financial services contract by City of Shelby, as recorded on March 2, 2020. The contract value is $1,103,671.00 (principal), interest at 1.68% over 59 months.

How much is the United Financial Dba Hometrust Bank contract with City of Shelby worth?

The United Financial Dba Hometrust Bank contract with City of Shelby is valued at $1,103,671.00 (principal), interest at 1.68% over 59 months, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in shelby_city_council_regular_meeting_agenda_march_2.pdf (Agenda), dated March 2, 2020 from City of Shelby. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United Financial Dba Hometrust Bank hold?

United Financial Dba Hometrust Bank 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 United Financial Dba Hometrust Bank's profile

What is City of Shelby currently buying?

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

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