Please see an update below regarding the financial affairs of the Component.
Banking and Investments
Desjardins Credit Union :
- $3,300,000 @ 4.10% Maturing on August 24, 2025
- $1,100,000 @ 5.75% Maturing on September 19, 2025
- $1,400,000 @ 4.80% Maturing on February 28, 2026
We currently maintain a balance exceeding $2.6 million in our day-to-day bank account, which earns an interest rate of 4.25%.
Statement of Operation
Q1 & Q2 – July 1, 2024 – December 31, 2024
Please see below the Unaudited Statement for the 1st and 2nd quarters of 2024-2025.
Highest Earner report Q1 and Q2:
July 2024 – $10,675.33
Aug. 2024 – $11,127.33
Sept. 2024 – $12,346.67
Oct. 2024 – $10,588.67
Nov. 2024 – $10,716.67
Dec. 2024 – $10,879.33
Audits
The audit of our 2023-2024 fiscal year was conducted by our external accounting firm. We are currently up to date with all external audits. Trustee audits will recommence once bargaining has concluded.
In solidarity,
Guillaume Leduc
Secretary-Treasurer, Air Canada Component of CUPE