Casey Library Renews $90,000 CD at 4.15%, Reports on Financial Health

Casey Township Library Board of Trustees Meeting | August 7, 2025

Article Summary: The Casey Township Library Board of Trustees received a positive financial update, including the renewal of a $90,000 certificate of deposit at an interest rate of 4.15%. A separate $10,000 transfer was also made to the library’s operating fund to cover expenses.

Casey Library Financial Update Key Points:

• A $90,000 Certificate of Deposit (CD) at Casey State has been renewed for a 12-month term at 4.15% interest.

• The library holds an additional $270,000 CD that is also earning 4.15% for a 12-month term.

• The library’s money market account currently holds a balance of $18,000.

• A sum of $10,000 was transferred from the American Fund into the operating account.

The Casey Township Library Board of Trustees reviewed the library’s financial standing on Thursday, August 7, 2025, taking action to secure favorable interest rates on its investments.

Trustee Chrissy Squires reported during the “Money Matters” portion of the agenda that a $90,000 Certificate of Deposit held at Casey State has been renewed. The new CD will have a 12-month term and earn an interest rate of 4.15%.

The board also heard that a separate, larger CD of $270,000 is continuing to earn at the same 4.15% rate for a 12-month term, maximizing the return on the library’s saved funds.

In addition to the CD updates, it was reported that the library’s money market account has a current balance of $18,000. To support daily operations, a transfer of $10,000 was recently made by Hensley from the American Fund to the library’s operating account. These actions reflect the board’s ongoing management of library assets to ensure financial stability.