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!