Town of Hudson Bay Regular Meeting Minutes 2026-05-12
Town Invests $4 Million GIC With Affinity Credit Union
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Description
The Town of Hudson Bay approved investing $4,000,000 in a one-year Guaranteed Investment Certificate with Affinity Credit Union at an interest rate of 3.15%. This action secures short-term investment income on municipal funds.
Contract Details
Contract Amount
$4,000,000.00
Vendor
AFFINITY CREDIT UNION
Agency
Town of Hudson Bay, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
1 year Guaranteed Investment Certificate (GIC)
Renewal Date
2027-05-12
Renewal Info
One-year GIC; renewal or reinvestment decision will be required at maturity if funds are to remain invested.
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