You Voted Yes! Conexus, Cornerstone, and Synergy Credit Unions Are Merging!
We are thrilled to announce that the member vote on the recommended merger between Conexus, Cornerstone, and Synergy Credit Unions has been a resounding success! This pivotal moment marks the beginning of an exciting new chapter for our credit unions and the communities we serve!
Effective January 1, 2026, our three credit unions will merge 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.
A successful vote required at least 75% approval from members that cast a vote from each credit union. We are delighted to share the voting results as follows:
- Conexus: 87.5% in favour
- Cornerstone: 86.5% in favour
- Synergy: 88.7% in favour
This overwhelming member support confirms the shared vision and commitment to building a stronger, more resilient credit union that remains member-focused and dedicated to a thriving Saskatchewan.
Inaugural Board of the new Credit Union
The new credit union will be led by a 12-member inaugural board:
- 6 directors from Conexus
- 3 from Cornerstone
- 3 from Synergy
To meet the new Board, view their bios.
A Merger That Puts You First!
Our top priority in this merger is you, our members! Here is what this will mean for you:
Modern digital banking experience.
We will prioritize investment in our digital banking, adding new functionality to deliver an experience that is easy, secure, and offers convenient access.
Branch network.
Our combined network has no overlap, allowing us to be sustainable without closing locations as part of this merger. We will serve Saskatchewan with 57 branch locations in 50 communities - giving you more ways to bank where, when, and how you want.
Competitive with low to no-fee options.
We will offer low to no-fee options that are accessible to all while still offering competitive rates and fees.
Profit-sharing with our members.
We will share our profits through a modern rewards program - putting money back in our members’ pocket.
Local service and local decision-making.
Your trusted advisors remain local—local people, serving local members. Decision-making will remain rooted in the communities we serve.
Enhanced lending capacity.
We will have increased financial capacity so as your farm or business grows, we will grow with you!
Specialized expertise.
We will expand access to specialized expertise like wealth management, estate services and mobile mortgage specialists.
Personalized service and modern offerings to meet diverse needs.
Our team will be empowered with the required technology and insights to provide proactive, needs-based advice and solutions tailored to your financial goals.
Our profits stay local.
Our profits stay local, with 5% of pre-tax earnings reinvested into our local communities further strengthening Saskatchewan. We remain committed to making a positive impact through sponsorships, volunteering and community support.
Committed to employees.
The merger will create new opportunities for current and future employees. We’re committed to retain engaged team members, invest in career development, explore new growth potential, and be a top employer in Saskatchewan.
Timeline
Conexus, Cornerstone, and Synergy Credit Unions Recommend a Merger to Members
Conexus Credit Union, Cornerstone Credit Union, and Synergy Credit Union are thrilled to formally recommend a merger to our members!
After thorough due diligence, the Boards of all three credit unions have unanimously approved a business case with one clear priority—you, our members. The business case confirms that a merger will allow us to make the necessary investments to remain strong, competitive and committed to meeting the needs of members both today and for years to come.
The world is changing. Like many industries, financial services face rising costs, new and intensifying competition, economic volatility, and increasing regulatory demands. By coming together, we can navigate these challenges while continuing to offer the service, innovation, and local decision-making you expect. With $15 billion in assets under management, this merger will build on the success of our three credit unions, creating a stronger, more resilient financial institution while also staying true to our shared values.
Conexus, Cornerstone, and Synergy Credit Unions Explore Potential Merger
In an exciting new development for Saskatchewan’s financial landscape, Conexus Credit Union, Cornerstone Credit Union, and Synergy Credit Union are thrilled to announce their intent to explore a potential merger.
This partnership aims to create a stronger, more resilient province-wide credit union that evolves with the changing needs of its members and communities.
Together for a Thriving Saskatchewan, is an initiative driven by a shared vision to combine resources and strategic investments. The Joint Partnership Committee, comprising of representatives from each credit union, has been established to explore the synergies that will create tangible value and benefits for all three organizations.
Our partnership is committed to exploring how we can collectively provide personalized financial solutions and advice that exceed member expectations, fostering a thriving Saskatchewan where current and future members can achieve their personal financial goals. We’ll be a trusted partner, championing innovations and ensuring continued sustainability to ensure a prosperous future for generations to come.
We look forward to this promising journey ahead, as we strive to create a credit union that goes beyond financial services, becoming a catalyst for economic growth and a thriving Saskatchewan.
Combined, we see opportunities through a merger where:
We will cultivate member relationships that foster loyalty and trust by being a true partner to members and fiercely competitive within our financial services industry, offering a breadth of modern products, services, and advice beyond deposits and loans.
We will be the financial services partner of choice to ensure the success of the agriculture, entrepreneurial and small and medium-sized business economic engine of Saskatchewan.
We will create the capacity for reinvestment toward innovation, necessary to remain sustainable in the long-term, while ensuring an efficient operation.
We will have the capacity to materially impact the social issues and economic well-being within our Saskatchewan communities.
We will have the financial strength to offer a relevant member loyalty program and embrace more creative and higher risk business opportunities and models to the benefit of our members and employees.
We will be more resilient to meet the growing requirements for risk management including cyber security, open banking, payments modernization, and regulatory environment.
We will have a diverse and inclusive workplace that retains and attracts talented employees committed to strong personal performance, strategic outcomes, aligned to our values, and committed to delivering an exceptional member experience.
We’re excited to share a video message from the leadership teams of Conexus, Cornerstone, and Synergy Credit Unions:
Why Merge?
Exploring this partnership between Conexus, Cornerstone and Synergy Credit Unions is about creating a stronger, more resilient province-wide credit union that continues to evolve with the changing needs of our members and communities.
Due to increased competition, regulatory pressures, and the opportunity for meaningful organic growth, credit unions in Canada are increasingly turning to mergers to achieve the necessary scale.
Together, we’ll learn how we can best address future investment needs, meet specialized resource demands, and tackle competitive and regulatory pressures, to ensure a sustainable credit union for the long-term.
Through partnership, we aim to combine our resources and strategic investments to offer a differentiated and modern member experience, while gaining efficiencies that will benefit our members, employees, and the amazing communities we serve across Saskatchewan.
We believe merging our collective strengths has the potential to drive economic growth, further empower communities, and support the dreams of individuals, farmers and businesses across the province.
Together for a thriving Saskatchewan!