CONTRACTAPPROVED

Rusk County Awards Financial Services Contract to Cumberland Federal Bank (November 2024)

Disclosed value: $500,000.00, rate not to exceed 4.95%; From agenda
Approved: Nov 12, 2024

What it covers

Rusk County Board authorized the County Board Chair to execute a $500,000 taxable general obligation promissory note with Cumberland Federal Bank at a rate capped at 4.95%. This financial arrangement implements Resolution 58-24 to support county funding needs.

Who holds it

Cumberland Federal Bank holds this financial services contract with Rusk County. Its other public contracts on record include work for Island City Virtual Academy and Turtle Lake village.

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Contract details

Contract type: Financial Services
Amount: $500,000.00, rate not to exceed 4.95%
Document date: November 12, 2024
Vendor: Cumberland Federal Bank
Agency: Rusk County
Source document: rusk-county-agenda-2024-11-12_7f9.pdf (Agenda)

Cumberland Federal Bank's other public contracts

Island City Virtual Academy, WisconsinBanking Agreement Renewal Considered With Cumberland Federal Bank · Aug 18, 2026Undisclosed Turtle Lake village, WisconsinTurtle Lake Approves $2.355 Million Bank Financing · Jul 20, 2026 Cumberland School District, WisconsinCumberland Federal Bank Donates New Scoreboards · Jan 1, 2026Undisclosed Gurnee SD 56, IllinoisCumberland Federal Bank, FSB $226,200.00 investment contract for fixed term · Sep 30, 2025$226.2K City of Cumberland, IowaPayroll Access Update: Rosenow Added to Bank Account · Apr 15, 2025Undisclosed All Cumberland Federal Bank contractsVendor profile

More Rusk County contracts

REPTERIENCERusk County Approves Repterience Fair Contract · Sep 29, 2026Undisclosed Cottingham & ButlerCottingham Butler Evaluates Rusk County Job Classification · Sep 29, 2026Undisclosed Baker TillyRusk County Considers Baker Tilly Budget Assistance · Sep 29, 2026Undisclosed Baker TillyRusk County Authorizes Baker Tilly Budget Assistance · Sep 29, 2026Undisclosed Baker TillyRusk County Considers Baker Tilly Budget Assistance · Sep 29, 2026Undisclosed All Rusk County activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Rusk County?

Cumberland Federal Bank was awarded this financial services contract by Rusk County, as recorded on November 12, 2024. The contract value is $500,000.00, rate not to exceed 4.95%.

How much is the Cumberland Federal Bank contract with Rusk County worth?

The Cumberland Federal Bank contract with Rusk County is valued at $500,000.00, rate not to exceed 4.95%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in rusk-county-agenda-2024-11-12_7f9.pdf (Agenda), dated November 12, 2024 from Rusk County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Cumberland Federal Bank hold?

Cumberland Federal 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 Rusk County currently buying?

Explore Rusk County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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