Conexus, Cornerstone, and Synergy Credit Unions have confirmed Merger

- Media Release, Conexus CU

June 18, 2025

This pivotal moment marks the beginning of an exciting new chapter for these credit unions.

Effective January 1, 2026, these three credit unions will unite 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.

Voting took place both online and in-branch during the period of June 3 – 13, with members across all three credit unions showing clear support for the merger. The resolution was passed with 87.5% of the members voting in favour from Conexus, 86.5% in favour from Cornerstone and 88.7% in favour from Synergy. A successful vote required at least 75% approval from members participating in the vote, for each credit union.

By merging, this new credit union hopes to be better prepared to meet future investment needs, access specialized expertise, and navigate regulatory challenges while continuing to offer the service, innovation, and local decision-making members expect.

With a combined $15 billion in assets under management, the new credit union will serve more than 200,000 members, through 57 branches, in 50 communities with 1,400 employees throughout Saskatchewan. This merger builds on the success of these three credit unions while staying true to their shared values.

Over the coming months, they will finalize the required legal and regulatory processes and announce the CEO and the credit union's name. The CEO and credit union name will be selected from one of the three existing credit unions before they officially become one, on January 1, 2026.

"On behalf of the Board of Directors, I want to thank our members for their overwhelming support and confidence in this decision. This merger reflects our long-standing commitment to doing what’s best for our membership, now and in the years to come. Together, we’re creating a foundation for continued strength, stability, and growth." - Ken Kosolofski, Board Chair of Conexus Credit Union