When the merger between Cornerstone, Conexus and Synergy Credit Unions takes effect on January 1, the new entity will be known simply as Conexus Credit Union going forward.
Last month, members of the three credit unions voted in favour of the merger, and today (WED) the boards of the three announced the name and chief executive officer for the new credit union.
The choice of the Conexus name to remain, came when a thorough market assessment showed that it was the most recognized and resonant name to people across the province.
Effective January 1, current Conexus Credit Union CEO Celina Philpot will become CEO for the new credit union, with Synergy CEO Trevor Beaton and Cornerstone CEO Doug Jones continuing in their current roles until the merger goes into effect.
With the merger, the new credit union will see $15 billion in assets, while serving over 200,000 members across its 57 branches, while employing 14-hundred employees province-wide.
The next step in the merger will focus on streamlining services, operations, systems and products, to provide an enhanced experience for members.
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