Board Moves $258K CD To People First Credit Union
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Description
The board authorized transferring approximately $258,051 from an existing CD to a 12‑month certificate of deposit at People First Credit Union at a 3.80% APY. This move responds to independent audit committee concerns about low returns on the current investment.
Contract Details
Contract Amount
$258,051
Vendor
PEOPLE FIRST CREDIT UNION
Agency
Lehigh Valley Dual Language CS, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
12 months CD
Renewal Info
The CD has a 12‑month term; renewal or rollover options at maturity are not discussed.
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