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 $3.1 million in our day-to-day bank account, which earns an interest rate of 4.00%.
Statement of Operation
Q3 – January 1, 2025 to March 31, 2025
Please see below the Unaudited Statement for the 3rd quarter of 2024-2025.
Highest Earner report Q3
January 2025 – $11,024.00
February 2025 – $14,560.00
March 2025 – $11,780.67
Audits
The audit of our 2023-2024 fiscal year was conducted by our external accounting firm. Trustee audits will recommence once bargaining has concluded.
In solidarity,
Guillaume Leduc
Secretary-Treasurer, Air Canada Component of CUPE