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FINANCIAL_SERVICESAPPROVED

Village of Freeburg Board Meeting Agenda February 17 2026

Village Reinvests CDs with Citizens Community Bank

$59,310.30 (Electric CD) and $548,605.60 (Sewer CE)Freeburg villageCITIZENS COMMUNITY BANKFebruary 17, 2026

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Village of Freeburg Board approved reinvesting two certificates of deposit—one Electric CD for $59,310.30 maturing on 2/9/26, and one Sewer CE for $548,605.60 maturing on 2/3/26—at Citizens Community Bank for 6 months at 3.75%. This is a short-term investment strategy to maintain competitive returns on Village funds.

Contract Details

Contract Amount

$59,310.30 (Electric CD) and $548,605.60 (Sewer CE)

Vendor

CITIZENS COMMUNITY BANK

Agency

Freeburg village, IL

Contract Type

FINANCIAL_SERVICES

Document Date

February 17, 2026

Contract Term

6 months at 3.75% (starting 2/3/26 and 2/9/26)

Renewal Date

2026-08-09

Renewal Info

CDs reinvested for 6 months. Next potential renewal at end of term in August 2026.

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