FINANCIAL_SERVICESONGOING

SOCWA Continues FDIC-Insured ICS Investments at Mercantile

SOCWA utilizes Mercantile’s ICS insured cash sweep product to hold about $2.37 million with full FDIC insurance as of June 30, 2026. The Board is requested to continue this insured investment arrangement consistent with the Authority’s Investment Policy.

Status
ONGOING
Document date
July 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Mercantile - Ics
Agency
Southeastern Oakland County Water Authority · MI

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$2,374,026 balance as of 6/30/26 (fully FDIC insured via ICS)
Contract type
FINANCIAL_SERVICES
Renewal
ICS relationship with Mercantile to be continued under previously approved Board resolutions and SOCWA’s Investment Policy; no defined end date or renewal schedule provided.
Document type
AgendaPacket
Source document
Southeastern Oakland County Water Authority AgendaPacket Organization Meeting 2026-07-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Southeastern Oakland County Water Authority?

Mercantile - Ics was awarded this financial services contract by Southeastern Oakland County Water Authority, as recorded on July 9, 2026. The contract value is $2,374,026 balance as of 6/30/26 (fully FDIC insured via ICS).

How much is the Mercantile - Ics contract with Southeastern Oakland County Water Authority worth?

The Mercantile - Ics contract with Southeastern Oakland County Water Authority is valued at $2,374,026 balance as of 6/30/26 (fully FDIC insured via ICS), covering financial services work.

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 Southeastern Oakland County Water Authority AgendaPacket Organization Meeting 2026-07-10 (AgendaPacket), dated July 9, 2026 from Southeastern Oakland County Water Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mercantile - Ics hold?

Mercantile - Ics 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 Mercantile - Ics's profile

What is Southeastern Oakland County Water Authority currently buying?

Explore Southeastern Oakland County Water Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Southeastern Oakland County Water Authority's profile

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