CMUV Bancorp. announced a private placement of subordinated debt for gross proceeds of $7,500,000 in an institutional private placement on October 26, 2021. The principal is due on October 26, 2031, and the debt is not redeemable for the first five years except in the event of certain unusual events. The interest rate is fixed for the first five years at 3.625% and thereafter floats based on the 90-day Average SOFR + 2.63% and interest only is payable prior to the due date. The company received funding from 11 investors pursuant to exemption provided under Regulation D.