City of Warman Committee of the Whole Agenda Packet May 2026
City Maintains $37M GIC Portfolio With Affinity Credit Union
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Description
The City of Warman maintains approximately $37 million in GIC term deposits with Affinity Credit Union, earning interest between 3.10% and 5.00%. About $21 million of these investments will mature in September 2027, at which time Council may revisit the city’s investment strategy.
Contract Details
Contract Amount
approximately $37 million in GIC term deposits (interest between 3.10% and 5.00%)
Vendor
AFFINITY CREDIT UNION
Agency
City of Warman, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Various GIC terms; approximately $21 million maturing in September 2027
Renewal Date
2027-09-30
Renewal Info
GIC investments roll over or are reinvested upon maturity at Council and Administration’s discretion; a major review point will occur when roughly $21 million matures in September 2027.
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