Three of Saskatchewan’s largest credit unions are moving forward with a merger under the name Conexus Credit Union, following member votes last month in favour of uniting the organizations.
The merger involves Conexus, Cornerstone and Synergy Credit Unions, creating a single, province-wide credit union with $15 billion in assets under management, serving over 200,000 members through 57 branches in 50 communities across Saskatchewan.
Following a market assessment, the boards of the three credit unions selected the Conexus name, citing that it resonated most strongly with people across the province and is widely recognized and trusted for banking needs.
The boards have also appointed Celina Philpot as chief executive officer of the new credit union, effective January 1, 2026. Philpot is currently the CEO of Conexus Credit Union. Doug Jones, CEO of Cornerstone and Trevor Beaton, CEO of Synergy, will remain in their positions until the merger takes effect and plan to support Philpot during the transition.
The credit unions say the merger will continue the legacy of the three organizations, which are rooted in cooperative values and share a vision of empowering members and the community.
Planning will now focus on integrating systems, products, services and operations to deliver an enhanced experience for members once the merger is complete.
The merger is set to take effect on January 1, 2026.
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