Council authorizes contracting authority with Rice Credit Union for children’s savings program

Jun 5, 2026

City staff asked for and received council authority to enter a contract with Rice Credit Union to administer the Children’s Savings/Opportunity program once the current contract expires; staff emphasized in-person deposit access, no fees for families, and outreach with schools.

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Los Ángeles — El gerente general presentó una actualización sobre el programa de Cuentas de Ahorro para Niños (Opportunity/Children Savings), solicitando autorización para que el departamento firme un contrato con Rice Credit Union como socio administrador una vez que venza el contrato actual.

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