Town of Higdem Awards Financial Services Contract to PROFINIUM (June 2025)
Town of HigdemCity · MN- Approved
- Jun 16, 2025
The 30-second brief
The Truman City Council approved reinvesting remaining balances from two maturing certificates of deposit into new 12‑month CDs at Profinium at a 3.8% APY. The action consolidates reserve funds into a new investment arrangement with the bank.
PROFINIUM holds this financial services contract with Town of Higdem. Its other public contracts on record include work for Owatonna Public School District and City of Truman.
Term as filed: 12-month Certificates of Deposit at 3.8% APY.
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Contract details
- Contract type
- Financial Services
- Document date
- June 16, 2025
- Term
- 12-month Certificates of Deposit at 3.8% APY
- Vendor
- PROFINIUM
- Agency
- Town of Higdem
- Source document
- truman-city-council-minutes-public-works-finance-updates-june-16-2025_914.pdf (Minutes)
PROFINIUM's other public contracts
Questions about this contract
Who was awarded the financial services contract by Town of Higdem?
PROFINIUM was awarded this financial services contract by Town of Higdem, as recorded on June 16, 2025.
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 truman-city-council-minutes-public-works-finance-updates-june-16-2025_914.pdf (Minutes), dated June 16, 2025 from Town of Higdem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does PROFINIUM hold?
PROFINIUM may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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What is Town of Higdem currently buying?
Explore Town of Higdem's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.