FINANCIAL_SERVICESPENDING

West Salem Considers $5 Million Union State Bank Loan

The School District of West Salem plans to consider borrowing up to $5 million from Union State Bank for school operations. The proposed revenue anticipation note would carry a 5.55% interest rate and mature on June 30, 2027.

Document date · September 28, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $5,000,000 at any one time; interest rate of 5.55%
Contract type
FINANCIAL_SERVICES
Contract term
September 28, 2026 – June 30, 2027
Renewal date
2027-06-30
Document type
Agenda
Source document
School District of West Salem Agenda Regular Board Meeting 2026-09-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by West Salem School District?

Union State Bank was awarded this financial services contract by West Salem School District, as recorded on September 28, 2026. The contract value is Not to exceed $5,000,000 at any one time; interest rate of 5.55%.

How much is the Union State Bank contract with West Salem School District worth?

The Union State Bank contract with West Salem School District is valued at Not to exceed $5,000,000 at any one time; interest rate of 5.55%, 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 School District of West Salem Agenda Regular Board Meeting 2026-09-28 (Agenda), dated September 28, 2026 from West Salem School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Union State Bank hold?

Union State 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.

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What is West Salem School District currently buying?

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