We're Merging for a Thriving Saskatchewan

Conexus, Cornerstone, and Synergy credit unions are merging to form a stronger, more resilient credit union, effective January 1, 2026.

Like many industries, financial services face rising costs, new and intensifying competition, economic volatility, and increasing regulatory demands. By coming together, we can navigate these challenges while continuing to offer the service, innovation, local decision-making and community engagement you expect.

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.

Yes. Members from all three credit unions voted in favour, with each credit union surpassing the required 75% approval threshold. Here are the voting results:

• Conexus: 87.5% in favour
• Cornerstone: 86.5% in favour
• Synergy: 88.7% in favour

This is a requirement of the Saskatchewan Credit Union Act and upholds the cooperative principle that credit unions are democratic organizations controlled by their members.

Each credit union met the quorum requirements, that was specific to each credit union, at their Special Meeting to kick off the vote. For the merger to be approved, each credit union required a 75% approval vote in favour, from those members that voted. A comprehensive member outreach campaign was conducted to ensure members were well informed about the merger and their right to vote.

The new credit union will be governed by a 12-member inaugural board:

• 6 directors from Conexus
• 3 directors from Cornerstone
• 3 directors from Synergy

We’ll also announce the CEO in the coming weeks.

In the coming weeks, we will announce the name of the new credit union, which will be selected from one of the three existing names. There is no immediate impact on the two credit unions whose names are not chosen. Further updates will be shared as rebranding decisions are finalized.

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 and will create one of Canada’s leading credit unions.

Our combined network of 57 branches across 50 communities has minimal overlap, enabling us to maintain sustainability without the need for branch closures as part of this merger.

We are excited to leverage the talent we have in our existing credit unions! While there may be some changes to roles and structure through the integration process, we are committed to retaining all engaged employees who want to remain part of the new credit union. Any changes in roles or responsibilities will be managed fairly and transparently. This is the right thing to do.

No immediate changes will happen. You’ll continue to bank as usual while we gradually integrate teams, systems, products, services, and other operations.

Absolutely. We’re committed to transparency. If there are any changes to your account or how you bank, we’ll communicate well in advance and support you through the transition.

Not yet. Each credit union will continue to operate independently until the end of the year. After that, we’ll provide more information on when you’ll be able to access services through the newly merged credit union.

No, nothing is changing right now. The three credit unions will remain separate until January 1, 2026, and we cannot view or access your accounts at the other institutions until integration is complete. You’ll continue to manage your accounts just as you do today. As we begin to integrate our teams, systems, products, and services, we’ll keep you informed well in advance of any changes.

You can stay informed by visiting thrivingtogethersk.ca.

Right now, we are concentrating on the province and on this merger. Any future decisions will be up to the new credit union Board to decide.

We have lots of work to do here in Saskatchewan to make sure the new credit union is the financial institution of choice for Saskatchewan residents.

We are concentrating on merging with our current partners and becoming the financial institution of choice for Saskatchewan residents.

Any future decisions will be up to the new credit union Board to decide.