Municipality of Clanwilliam-Erickson Regular Meeting Minutes 2026-05-13
Municipal Reserves Invested in GICs with Compass Credit Union
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Description
Council approved multiple investment actions with Compass Credit Union, including withdrawing $21,727.13 from a GIC to the Utility Reserve and investing unallocated reserve funds into 1-year nonredeemable GICs. These actions manage municipal reserves through term investment products.
Contract Details
Vendor
COMPASS CREDIT UNION
Agency
RM of Clanwilliam-Erickson, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
1-year nonredeemable Guaranteed Investment Certificates
Renewal Info
Investments are in 1-year nonredeemable GIC terms; potential renewal would occur at each 1-year maturity if Council chooses to reinvest.
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Municipality of Clanwilliam-Erickson Regular Meeting Minutes 2026-05-13
Municipality of Clanwilliam-Erickson Regular Meeting Minutes 2026-05-13
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