Conexus, Cornerstone, and Synergy Credit Unions are recommending a merger to their respective members.
The Boards of all three credit unions have unanimously approved this recommendation after thorough due diligence.
The goal is to be “Together for a Thriving Saskatchewan,” by combining resources and strategic investments. They will be able to share profits with members, invest in technology, and invest in local communities.
Here are commitments regarding member approval:
- Modern digital banking experience.
- Branch network. 57 branch locations in 50 communities will remain.
- Competitive with low-to-no-fee options.
- Profit-sharing with our members. Profits will be shared through a modern rewards program.
- Local service and local decision-making.
- Enhanced lending capacity.
- Specialized expertise. Access to wealth management and mobile mortgage specialists will be available.
- Personalized service and modern offerings.
- Our profits stay local. 5% of pre-tax earnings reinvested into communities.
- Committed to employees. Create opportunities for employees
According to Ken Kosolofski, Board Chair of Conexus Credit Union, “Our Boards have confirmed that this merger will strengthen our ability to invest, stay competitive, and continue meeting the needs of members – now and into the future.”
Celina Philpot, CEO of Conexus says, “Your vote matters! Let’s move ahead together.”
A member vote is expected this June, and a newly combined credit union will officially launch January 1, 2026, if approved by members and the regulator.
To learn more, visit any branch or thrivingtogethersk.ca.
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