Saskatchewan, June 18, 2025 – Members of Conexus, Cornerstone, and Synergy Credit Unions have voted in favour of merging, marking a historic and exciting moment for credit union
members across Saskatchewan. This pivotal moment marks the beginning of an exciting new chapter for these credit unions and the communities we serve!
Effective January 1, 2026, these three credit unions will unite to form a new province-wide credit union. The new credit union will be governed by an inaugural board that will include twelve
directors, comprised of six directors from Conexus and three each from Cornerstone and Synergy Credit Unions.
Voting took place both online and in-branch during the period of June 3 to 13, with members across all three credit unions showing clear support for the merger. The resolution was passed
with 87.5% of the members voting in favour from Conexus, 86.5% in favour from Cornerstone and 88.7% in favour from Synergy. A successful vote required at least 75% approval from
members participating in the vote for each credit union. This strong vote of confidence from members confirms the shared vision and commitment to building a stronger, more resilient
credit union that remains member-focused and dedicated to a thriving Saskatchewan.
By merging, this new credit union will be better prepared to meet future investment needs, access specialized expertise, and navigate regulatory challenges while continuing to offer the
service, innovation, and local decision-making members expect. With a combined $15 billion in assets under management, the new credit union will serve more than 200,000 members in 50 communities with 1,400 employees throughout Saskatchewan. This merger builds on the success of these three credit unions while staying true to their shared values. This merger is a proactive step forward to ensure the credit unions remain strong, sustainable, and locally rooted for generations to come.
Over the coming months, we will finalize the required legal and regulatory processes and announce the CEO and the credit union name. The CEO and credit union name will be selected from one of the three existing credit unions before we officially become one on January 1, 2026. The next steps in the process are to begin the significant undertaking of integrating our three credit unions
Thank you to all members who participated in this important vote. Your voice has shaped the future of your credit union!
To stay informed, visit your local branch or our shared website: thrivingtogethersk.ca
Quotes from Credit Union Board CEOs
“We want to thank all our members for their participation and support through the consultation and voting process. Our members are the reason we exist, and it is their voice and their vote
that enables us to proceed to build a stronger credit union. This merger presents a significant opportunity for the future of our credit union.”
– Celina Philpot, CEO of Conexus Credit Union
“The results of our member vote is a testament to the trust our members place in us and the shared vision we have for the future. This merger represents a significant step forward. We’re
excited about what lies ahead and are committed to honoring our legacy while building a province-wide credit union together.”
– Doug Jones, CEO of Cornerstone Credit Union
“Our members care deeply about their credit union – and the communities they live in. With this merger, we’re not just creating a stronger financial institution; we’re amplifying our ability to
reinvest in the people and places we all call home. Profits stay local, decisions stay local, and members remain at the heart of everything we do.”
– Trevor Beaton, CEO of Synergy Credit Union
