SK Credit Unions Create Stronger Networks

Major Saskatchewan credit unions unite to deliver stronger local banking services

Three well-known Saskatchewan credit unions have completed a historic merger that brings together Conexus, Cornerstone, and Synergy into one stronger cooperative financial organization – and it’s all legal now. The merger became official on January 1, 2026, and creates a new foundation for long-term financial stability across the province. 

“It is the exciting start of the next chapter for Saskatchewan’s credit union system,” said Heidi Schofer, Conexus Credit Union’s Board Chair. “This merger is also a catalyst for economic growth in our province. Today, I want to extend my heartfelt gratitude to our membership for their continued trust and for what we have built and will build together.” 

The newly combined credit union now manages more than $16 billion in assets. It serves over 200,000 members through 57 branches in 50 communities. Around 1,400 employees across Saskatchewan continue to support members with personal, business, and farm financial services. This merger keeps the cooperative spirit strong while preparing the organization for future growth. 

Leaders of the credit unions explain that the goal is to build a modern, trusted financial institution that puts members first. Members are also owners, which means profits are kept in Saskatchewan and reinvested into local communities. Five percent of pre-tax earnings will continue to support local projects, sponsorships, and volunteer efforts. 

“United, we aim to create the premiere financial institution of choice in Saskatchewan for individuals, businesses and ag producers in a uniquely credit union way,” said Celina Philpot, CEO of Conexus Credit Union. “Our members are our owners, our profits stay in our communities, and Saskatchewan is the place we call home. We are dedicated to a thriving credit union and a thriving Saskatchewan.” 

For now, members will see no immediate changes. Accounts, cards, digital banking, and branch services remain the same. Members will continue to visit the same branches and work with the same advisors they know and trust. Product alignment and system integration will happen gradually, and members will be informed well in advance of any future updates. 

The merged credit union has shared several commitments with members. These include investing in a modern digital banking experience, maintaining a strong branch network with no planned closures, and offering competitive low or no-fee banking options. Profits will be shared through rewards programs that put money back into members’ pockets. 

Farm families and ag producers will benefit from enhanced lending capacity, allowing the credit union to grow alongside expanding farms and rural businesses. Members will also gain better access to specialized services such as wealth management, estate planning, and mobile mortgage support. 

The organization remains committed to keeping decisions local, strengthening personalized service, and supporting employees through new career development opportunities. This merger creates a stronger, more resilient credit union dedicated to helping Saskatchewan communities, farms, and businesses thrive for many years to come. 

Photo Credit: conexsus-logo