Members of three Saskatchewan credit unions have voted in favour of bringing their operations under one roof.
From June 3-13, members of Conexus, Cornerstone, and Synergy credit unions gave their respective management teams the nod to go ahead with a merger.
The vote tally shows:
- Conexus – 87.5 per cent
- Cornerstone – 86.5 per cent
- Synergy – 88.7 per cent
For the merger to move forward it required at least 75 per cent approval from members participating in the vote for each credit union.
The integration process will see a new chief executive officer being selected from the trio of Celina Philpot, CEO of Conexus Credit Union, Doug Jones, CEO of Cornerstone Credit Union, and Trevor Beaton, CEO of Synergy Credit Union. This aspect and the the name of the new entity which will come from one of the existing brands will be done before the new look credit union comes into being on Jan 1, 2026.
With some $15 billion in assets under management, the new credit union will comprise over 200,000 members in 50 communities with 1,400 employees in the province.
