Village Reinvests CDs with Citizens Community Bank
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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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