Commission authorizes automatic IntraFi sweep with Citizen Bank
The Ontonagon Village Housing Commission authorized Citizen Bank to perform an automatic IntraFi sweep for the commission's accounts, a measure typically used to expand FDIC coverage by sweeping funds into multiple accounts.
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The commission voted to allow Citizen Bank to perform an automatic IntraFi sweep. The motion was made by Danielle Reath, supported by Robert Seid, and recorded as carried with all voting aye.
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