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Dear valued member,
I am thrilled to announce that the member vote on the recommended merger between Conexus, Cornerstone, and Synergy Credit Unions has been a resounding success! This pivotal moment marks the beginning of an exciting new chapter for our credit unions and the communities we serve!
Effective January 1, 2026, our three credit unions will merge 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.
A successful vote required at least 75% approval from members that cast a vote from each credit union. We are delighted to share the voting results as follows:
- Conexus: 87.5% in favour
- Cornerstone: 86.5% in favour
- Synergy: 88.7% in favour
This overwhelming member support confirms the shared vision and commitment to building a stronger, more resilient credit union that remains member-focused and dedicated to a thriving Saskatchewan.
Why Merge? The world is changing, and like many other industries, financial services face rising costs, new and intensifying competition, economic volatility, and increasing regulatory demands.
By merging, our new credit union will 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, this merger builds on the success of our three credit unions while staying true to our shared values.
What’s Next? Over the coming months, we will finalize the required legal and regulatory processes and announce the CEO and the credit union name. The CEO and credit union name will be selected from one of the three existing credit unions before we officially become one on January 1, 2026.
You won’t see changes right away, as we begin to integrate teams, systems, products, services, and other operations. We commit to being transparent regarding any changes to your account or the way you bank. We will communicate well in advance, supporting you every step of the way.
You can continue to follow along with our progress on the www.thrivingtogethersk.ca site. And we will proactively communicate as we move forward. If you have questions, please do not hesitate to call or visit your branch.
Thank You! We extend our heartfelt gratitude to all members who participated in this vote. Your support and engagement are crucial as we move forward together, building a stronger future for our credit union and the communities we serve.
Together for a thriving Saskatchewan!
Sincerely,
Neil Carruthers
Board Chair
To learn more and for continued updates on our progress, visit any of our branches or our shared website www.thrivingtogethersk.ca.