FINANCIAL_SERVICESAMENDED

NEIU Expands Line of Credit to $9 Million

The NEIU Board approved an amendment to its existing line of credit with People's Security Bank & Trust, temporarily increasing the borrowing capacity to $9,000,000 through March 31, 2026. The change enhances cash flow flexibility pending state budget actions.

Status
AMENDED
Document date
October 28, 2025
Contract type
FINANCIAL_SERVICES
Vendor
People's Security Bank & Trust
Agency
Northeastern Educational IU 19 · PA

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Derivita logo
Comcate logo
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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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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Line of credit up to $9,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Through March 31, 2026
Renewal date
2026-03-31
Renewal
Temporary increase of the existing line of credit limit to $9,000,000, expiring March 31, 2026 unless further amended or renewed.
Document type
Minutes
Source document
Northeastern Educational Intermediate Unit Board of Directors Meeting Minutes 2025-10-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Northeastern Educational IU 19?

People's Security Bank & Trust was awarded this financial services contract by Northeastern Educational IU 19, as recorded on October 28, 2025. The contract value is Line of credit up to $9,000,000.

How much is the People's Security Bank & Trust contract with Northeastern Educational IU 19 worth?

The People's Security Bank & Trust contract with Northeastern Educational IU 19 is valued at Line of credit up to $9,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Northeastern Educational Intermediate Unit Board of Directors Meeting Minutes 2025-10-28 (Minutes), dated October 28, 2025 from Northeastern Educational IU 19. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does People's Security Bank & Trust hold?

People's Security Bank & Trust 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 People's Security Bank & Trust's profile

What is Northeastern Educational IU 19 currently buying?

Explore Northeastern Educational IU 19's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Northeastern Educational IU 19's profile

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