Conexus, Cornerstone, and Synergy Propose Merger to Strengthen Credit Union

Conexus, Cornerstone, and Synergy Credit Unions have proposed a merger to their members, pending approval, as part of the 'Together for a Thriving Saskatchewan' initiative. The Boards of the three credit unions have unanimously recommended the merger after conducting thorough due diligence. This strategic move aims to build a stronger, more resilient credit union by sharing profits with members, maintaining competitive rates and fees, and ensuring long-term sustainability in the face of a rapidly changing financial landscape. The merger promises to enhance digital banking services, keep all existing branch locations open, and offer personalized, needs-based financial advisory services. By January 1, 2026, if approved by members and regulators, the new merged entity, leveraging $15 billion in assets and 57 branches across 50 communities, will be launched to better support Saskatchewan’s local communities and businesses.