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Centreville locks six‑month rate with Shore United amid Fed‑rate cuts
Centreville Town Council · November 7, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Finance Officer Karen Luffman told the council Shore United offered a six‑month lock at 3.5%; council approved the lock so town funds would be protected from further anticipated Fed rate cuts.
The Centreville Town Council on Nov. 6 approved a request from Finance Officer Karen Luffman to lock town funds in a Shore United six‑month insured cash sweep (ICS) product…
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