City of Chariton Council Meeting Minutes January 2026
City invests $250,000 CD with Community First Credit Union
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Description
The City of Chariton approved the purchase of a twelve-month, $250,000 certificate of deposit with Community First Credit Union at a 4% interest rate. This investment places idle funds into an interest-bearing account for the coming year.
Contract Details
Contract Amount
$250,000
Vendor
COMMUNITY FIRST CREDIT UNION
Agency
Chariton Housing Agency, IA
Contract Type
FINANCIAL_SERVICES
Document Date
January 19, 2026
Contract Term
Twelve (12) month certificate of deposit at 4% interest
Renewal Date
2027-01-19
Renewal Info
Single twelve-month CD investment; renewal or rollover at maturity not specified and would require future council action.
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