Conexus, Cornerstone, and Synergy Credit Unions are announcing that the voting period for the recommended Together for a Thriving Saskatchewan merger will take place from June 3 to June 13, 2025.
Members from the three credit unions will be able to vote online and in 57 branches across Saskatchewan starting on June 3, 2025 at 6:30 p.m. after a virtual Special Meeting takes place at 5:15 p.m. that day.
Over 200,000 Saskatchewan members across the three credit unions will be able to have their voice heard for the future of their credit union.
Credit union members can register for the Special Meeting by visiting their respective credit union website. The special meeting will officially open the voting period and will include a question-and-answer period. The agenda will include a presentation of the amalgamation agreement and resolution to merge, as well as details on how to vote. It is not a requirement to attend the Special Meeting to be able to vote.
Opportunities to Connect
All members will have opportunities to connect with their credit unions and learn more about the merger throughout May.
Members can visit their respective credit union website for details at:
- Conexus Credit Union: Conexus.ca/vote
- Cornerstone Credit Union: Cornerstonecu.com/en/vote
- Synergy Credit Union: Synergycu.ca/merger
About Together for a Thriving Saskatchewan
Conexus, Cornerstone, and Synergy Credit Unions believe that merging will create a stronger, more resilient credit union that remains member-focused and upholds our shared values. Together for a Thriving Saskatchewan is an initiative driven by a shared vision to combine resources and strategic investments to ensure we stay strong, competitive and committed to meeting the needs of members both today and into the future.
Conexus, Cornerstone, and Synergy encourage their members to take part in shaping the future of their credit union by voting between June 3 and June 13.
If approved by members and the regulator, the newly combined credit union will officially launch January 1, 2026.
To learn more or to ask questions, visit any branch or the shared website: thrivingtogethersk.ca
Quotes from Credit Union Board Chairs and CEOs
“This merger is the next chapter in the storied credit union history in Saskatchewan. We encourage members to vote – we believe that this 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.”
– Ken Kosolofski, Board Chair of Conexus Credit Union
“The future of the credit union is in your hands. If approved by members and the regulator, this merger would be a catalyst for economic growth in Saskatchewan. Our profits will stay in Saskatchewan, with 5 per cent of pre-tax earnings reinvested in our local communities. We have also committed to profit-sharing with our members through a modern rewards program.”
– Heidi Schofer, Board Chair of Cornerstone Credit Union
“Concern for our communities is a core principle of Together for a Thriving Saskatchewan. We firmly believe that we will be stronger together for the benefit of all members and communities. Your voice matters!”
– Neil Carruthers, Board Chair of Synergy Credit Union
“One of the foundational cooperative principles is ‘democratic member control.’ This principle and the fact that over 200,000 Saskatchewan credit union members will be able to have their voice heard between June 3 and June 13 is an important differentiator between credit unions and other financial institutions.”
– Celina Philpot, CEO of Conexus Credit Union
“We encourage all members to reach out to us with their questions. Our credit unions value hearing from our members. We are available anytime and at dedicated virtual and in branch member information sessions. We look forward to discussing the merger with you in the coming weeks before the vote!”
– Doug Jones, CEO of Cornerstone Credit Union
“Economic headwinds and uncertainty show the value of supporting local. We are asking members to vote on this merger to create a province-wide credit union present in 50 communities deeply committed to local service, local decision making, and local profits. Let’s continue to move forward Together for a Thriving Saskatchewan!”
– Trevor Beaton, CEO of Synergy Credit Union
About Conexus Credit Union
Conexus has more than 80 years of serving members and giving back to our communities. Conexus manages over $10 billion in assets and has over 897 employees serving 145,000 members across 30 locations in Saskatchewan.
About Cornerstone Credit Union
Cornerstone is the product of many mergers over the years, with the most recent in 2021 with Horizon and Plainsview credit unions. Cornerstone has over $2.7 billion in assets with 15 branches within East-Central Saskatchewan. Cornerstone serves over 30,000 members and has an employee base of 280.
About Synergy Credit Union
Synergy is a member-owned financial institution serving over 27,000 members with 12 branches across west-central Saskatchewan. As the fifth-largest credit union in Saskatchewan, Synergy has 238 employees and manages approximately $2.8 billion in assets, standing tall among Canada’s leading credit unions.