City of North Battleford Regular Council Meeting Revised Agenda 2026-05-25
City retains $4M operating line with credit union
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Description
North Battleford holds a $4,000,000 operating line of credit with Innovation Credit Union at 3.65% interest, secured by a general security agreement and assignment of taxes and grants. No funds were drawn on the facility as of December 31, 2025.
Contract Details
Contract Amount
Operating line of credit up to $4,000,000
Vendor
INNOVATION CREDIT UNION
Agency
City of North Battleford, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Renewal Info
Credit facility terms (including rate and limit) are subject to periodic renewal with Innovation Credit Union; specific maturity or renewal dates are not stated in the note excerpt.
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