District Depository Services

The Schertz-Cibolo-Universal City Independent School District (SCUCISD) is seeking proposals for district depository services through RFP #25-010V, with responses due on March 25, 2025, at 2:00 p.m. The procurement seeks a comprehensive banking partner to manage multiple financial accounts, including general operating, payroll, debt service, worker's comp, activity, construction, disbursement, campus, fiduciary, and certificate of deposit accounts. The selected bank will provide a range of banking services such as account maintenance, ACH processing, wire transfers, positive pay, and reconciliation services, in compliance with Texas Education Code Subchapter G and Texas Government Code Chapters 2256 and 2257. Evaluation of proposals will be based on specific criteria: cost of services (25%), ability to provide services (20%), additional services offered (20%), interest rates (20%), and automated services/fraud prevention (15%). The initial contract term is two years, from September 1, 2025, through August 31, 2027, with potential for up to three additional two-year renewals, creating a maximum potential contract period of eight years.

The solicitation does not explicitly mention set-aside designations or restrictions for disadvantaged enterprises. The estimated maximum collateral requirement for the banking services is $15,000,000, and the district reserves the right to pay for services through targeted balances or fees. Proposing banks must submit detailed pricing schedules, proposed interest rates, and earnings credit rates as part of their response. Interested vendors can submit proposals by mail to 1056 Elbel Road, Schertz, TX 78154, or through the district's electronic procurement system at https://scucisd.procureware.com. Questions regarding the RFP should be directed to Aaron Miranda, Director of Purchasing & Supply, at (210) 945-6241 or Amiranda@scuc.txed.net. The district maintains the right to accept or reject any proposals and waive formalities as needed during the selection process.