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Charleston council approves UCCU sweep account to earn interest; vote unanimous
Charleston Town Council · March 5, 2026
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Summary
The Charleston Town Council voted unanimously Feb. 5 to open a sweep account with UCCU designed to let town funds earn interest while maintaining insurance coverage up to $7 million; the account includes fraud protections and administrative rights, council members said.
The Charleston Town Council voted unanimously Feb. 5 to approve a sweep-account arrangement with UCCU intended to let town funds earn interest while maintaining insurance coverage of up to $7 million.
Mayor Doug Clements presented the account and said it "would allow the town's money to earn…
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