Conexus, Cornerstone, Synergy Credit Unions Merge in Saskatchewan

Three major Saskatchewan credit unions—Conexus, Synergy, and Cornerstone—have voted to merge into a single entity named Conexus Credit Union, effective January 1, 2026. The new credit union will be led by Celina Philpot, current CEO of Conexus, who emphasized her commitment to a smooth transition and building a stronger community-focused organization. The merger creates one of the province’s largest financial cooperatives, managing $15 billion in assets, serving over 200,000 members, operating 57 branches, and employing 1,400 people. The decision to retain the Conexus name followed thorough market research showing strong recognition and trust across Saskatchewan. Current CEOs of Synergy and Cornerstone, Doug Jones and Trevor Beaton, will support the transition while remaining in their roles until the merger is finalized. Upcoming efforts will focus on integrating banking systems, products, and operations to enhance member experience across all branches.