Please see an update below regarding the financial affairs of the Component.
Banking and Investments
GIC Holdings
- $1,400,000.00, earning 4.80%, maturing February 28, 2026
- $1,100,000.00, earning 2.85%, maturing September 19, 2027
We currently maintain a balance exceeding $7 million in our day-to-day bank account, which earns an interest rate of 2.50%.
Statement of Operation
2025-2025 Year end (Q4)
Please see below the Unaudited Statement of 2024-2025 fiscal year, covering the period between July 1, 2024 to June 30, 2025.
CUPE National Funding
The past several months has been exceptionally active, and CUPE National provided strong financial support.
Campaign & Strike Aversion Funding
- $904,000 – CUPE cost-share contribution to the Main Campaign
- $1,501,900.66 – Strike Aversion Campaign funding (100% CUPE Paid)
Strike Pay Distributed to Locals
- Local 4091: $809,200
- Local 4092: $1,521,450
- Local 4094: $700,000
- Local 4095: $117,250
- Local 4098: $261,450
Total Strike Pay: $3,409,350
Total Funding Received From CUPE National: $5,815,250.66
Note: Some of the strike funds will be returned to CUPE National. Although we received one full week of strike pay, the actual strike lasted 3.5 days.
Highest Earner report Q3
April 2025 – $10,153.33
May 2025 – $10,950.67
June 2025 – $11,170.67
Audits
Our fiscal year has ended on June 30, 2025. We are currently sending our books to our external auditing firm for a full audit. We are up to date for our external audits.
Our Component Trustees will be auditing the 2018-2019 Fiscal year in January 2026.
In solidarity,
Guillaume Leduc
Secretary-Treasurer, Air Canada Component of CUPE