Business as usual for members as merger integration activities commence
Saskatchewan, Jan. 5, 2026 – In a historic milestone for the Saskatchewan credit union system, Conexus, Cornerstone and Synergy credit unions legally merged on Jan. 1, 2026.
The merger lays the foundation for a stronger, more resilient credit union dedicated to supporting a thriving Saskatchewan.
With $16 billion in assets under management, the merged credit union will serve more than 200,000 members, through 57 branches, across 50 communities and will unite 1,400 employees across Saskatchewan.
This merger continues the legacy of three successful organizations, rooted in cooperative values and a shared vision of member and community empowerment.
Conexus Credit Union’s Board Chair Heidi Schofer underscores the moment. “It is the exciting start of the next chapter for Saskatchewan’s credit union system,” says Schofer. “This merger is also a catalyst for economic growth in our province. Today, I want to extend my heartfelt gratitude to our membership for their continued trust and for what we have built and will build together.”
Celina Philpot, CEO of Conexus Credit Union, shares her vision for the future.
“United, we aim to create the premiere financial institution of choice in Saskatchewan for individuals, businesses and ag producers in a uniquely credit union way,” Philpot explains. “Our members are our owners, our profits stay in our communities, and Saskatchewan is the place we call home. We are dedicated to a thriving credit union and a thriving Saskatchewan.”
Update for our members
January 1 is our legal amalgamation date, but integration takes time. Think of this as the start of the journey – we are “merging”, not fully merged yet. For now, it’s business as usual and we’ll keep you informed well in advance of any future changes or enhancements.
- Business as usual: Your accounts, cards, cheques, digital banking, and access to services stay the same. You will continue to deal with your legacy credit union while we work to bring together our teams, systems, products, services and operations
- Same branches, same people: You’ll continue receiving service from the same locations and working with the same friendly faces you know and trust. This includes reaching out to your regular advisor or contact centre as you do today
- Products & services: For now, you’ll continue using the products and services you have today with your legacy credit union. We will align our products and services once we are fully integrated. We will keep you informed every step of the way
- Legal notice: While the signs on our buildings won’t change for a while, you’ll see a short disclaimer on our channels and in branches explaining the amalgamation. If you open a new account, loan, mortgage, or investment, you’ll acknowledge this change to the legal name of Conexus Credit Union in your paperwork.
Before the merger vote, the three credit unions shared these commitments with members, outlining what the merger will mean for our membership:
- 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
Introducing your Board of Directors and Executive Leadership Team
Conexus Credit Union is excited to share the Board and Executive Leaders leading the new credit union. Get to know those leading Conexus by viewing the updated Board of Directors and Executive Leadership Team pages.
For more information and to arrange interviews, please contact:
Michael Chmielewski
Media Relations Specialist | Conexus Credit Union
media@conexus.ca | 306-751-8201
About Conexus Credit Union
We’re a forward-thinking, Saskatchewan-based credit union committed to our members and their success. We’re a member-owned cooperative with deep roots in communities throughout the province. With $16 billion in assets under management, Conexus Credit Union will serve more than 200,000 members, through 57 branches, across 50 communities and unite 1,400 employees across Saskatchewan. This merger continues the legacy of three successful organizations, rooted in cooperative values and a shared vision of member and community empowerment.