Rural Municipality of St. Louis No. 431 Council Meeting Minutes March 2026
RM Invests $1M Term Deposit With Conexus
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Description
The Rural Municipality of St. Louis No. 431 council approved investing $1,000,000.00 in a one-year redeemable term deposit with Conexus Credit Union at 2.75% interest. This action allocates municipal funds to a secure, interest-earning instrument.
Contract Details
Contract Amount
$1,000,000.00 at 2.75% interest
Vendor
CONEXUS CREDIT UNION
Agency
Rural Municipality of St. Louis No. 431, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
March 4, 2026
Contract Term
One-year redeemable term deposit
Renewal Date
2027-03-04
Renewal Info
One-year redeemable term deposit; renewal or reinvestment decision required at maturity after one year.
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APPROVEDIssuing Agency
Rural Municipality of St. Louis No. 431
Special District
Domremy, Canada
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