Galveston Firemens Relief Retirement System Awards Financial Services Contract to Moody Bank (June 2026)
Galveston Firemens Relief Retirement SystemCity Department · Galveston, TX- Disclosed value
- Approximately $800,000 currently maintained in the benefit payment account; money market interest rate of 3.45%
- From minutes
- Approved
- Jun 30, 2026
The 30-second brief
The Galveston Firefighters’ Pension Fund approved transferring benefits administration to Moody Bank. Approximately $800,000 will be maintained in a Moody Bank money market account earning 3.45% interest, with expected earnings offsetting administrative costs.
Moody Bank holds this financial services contract with Galveston Firemens Relief Retirement System. Its other public contracts on record include work for Galveston College and Clear Brook City Mud.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $800,000 currently maintained in the benefit payment account; money market interest rate of 3.45%
- Document date
- June 30, 2026
- Vendor
- Moody Bank
- Source document
- Galveston Firefighters' Pension Fund Minutes Board Meeting June 30, 2026 (Minutes)
Moody Bank's other public contracts
More Galveston Firemens Relief Retirement System contracts
Questions about this contract
Who was awarded the financial services contract by Galveston Firemens Relief Retirement System?
Moody Bank was awarded this financial services contract by Galveston Firemens Relief Retirement System, as recorded on June 30, 2026. The contract value is Approximately $800,000 currently maintained in the benefit payment account; money market interest rate of 3.45%.
How much is the Moody Bank contract with Galveston Firemens Relief Retirement System worth?
The Moody Bank contract with Galveston Firemens Relief Retirement System is valued at Approximately $800,000 currently maintained in the benefit payment account; money market interest rate of 3.45%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Galveston Firefighters' Pension Fund Minutes Board Meeting June 30, 2026 (Minutes), dated June 30, 2026 from Galveston Firemens Relief Retirement System. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Moody Bank hold?
Moody Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Galveston Firemens Relief Retirement System currently buying?
Explore Galveston Firemens Relief Retirement System's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.