NEIU Expands Line of Credit to $9 Million
Northeastern Educational IU 19Special District · Archbald, PA- Disclosed value
- Line of credit up to $9,000,000
- From minutes
- Document date
- Oct 28, 2025
- Term
- Through March 31, 2026
The 30-second brief
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.
People's Security Bank & Trust holds this financial services contract with Northeastern Educational IU 19. Its other public contracts on record include work for Arts Academy Elementary CS and Borough of Ashley.
Term as filed: Through March 31, 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- Line of credit up to $9,000,000
- Document date
- October 28, 2025
- Term
- Through March 31, 2026
- Source document
- Northeastern Educational Intermediate Unit Board of Directors Meeting Minutes 2025-10-28 (Minutes)
People's Security Bank & Trust's other public contracts
More Northeastern Educational IU 19 contracts
Questions about this contract
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.
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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.
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.