CornerstoneCU - Together for a Thriving Saskatchewan

You Voted Yes!

Conexus, Cornerstone, and Synergy Credit Unions are merging!

Member News

Dear valued members,

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,

Heidi Schofer, Board Chair

Want to Learn More?

To learn more and for continued updates on our progress, visit any of our branches or our shared website www.thrivingtogethersk.ca.

Visit our Merger Microsite

Our Commitment to Members

We will prioritize investment in our digital banking, adding new functionality to deliver an experience that is easy, secure, and offers convenient access.

Our combined network has no overlap, allowing us to be sustainable without closing locations as part of this merger. We will serve Saskatchewan with 57 branch locations in 50 communities - giving you more ways to bank where, when, and how you want.

We will offer low to no-fee options that are accessible to all while still offering competitive rates and fees.

We will share our profits through a modern rewards program - putting money back in our members’ pocket.

Your trusted advisors remain local—local people, serving local members. Decision-making will remain rooted in the communities we serve.

We will have increased financial capacity so as your farm or business grows, we will grow with you!

We will expand access to specialized expertise like wealth management, estate services and mobile mortgage specialists.

Our team will be empowered with the required technology and insights to provide proactive, needs-based advice and solutions tailored to your financial goals.

Our profits stay local, with 5% of pre-tax earnings reinvested into our local communities further strengthening Saskatchewan. We remain committed to making a positive impact through sponsorships, volunteering and community support.

The merger will create new opportunities for current and future employees. We’re committed to retain engaged team members, invest in career development, explore new growth potential, and be a top employer in Saskatchewan.