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Frequently Asked Questions
The Conexus Credit Union name demonstrated the strongest brand equity both provincially and locally, offering strategic advantages in recognition and future brand-building. All three brands were positively received, and no negative indicators emerged. The recommendation is based solely on relative brand strength.
The final decision on the name for the new credit union was made by the Boards of Directors of Conexus, Cornerstone and Synergy Credit Unions.
The inaugural Board of Directors of the new credit union will be comprised of directors from each of the existing three credit unions. The new board will consist of six board members from Conexus and three directors from each of Cornerstone and Synergy Credit Unions. The inaugural Chair and Vice-Chair will be selected during a meeting of the inaugural Board at a future date.
Many of the inaugural Board Members have valuable experience with credit union mergers. Specifically, the Board Members from Cornerstone and Synergy who have successfully completed mergers within the last five years.
Additionally, while not specific to credit unions, some Conexus directors have significant experience with business and co-op acquisitions and consolidations. The diverse expertise ensures that the Board is well-equipped to navigate the complexities of a merger effectively.
To ensure a thorough and impartial selection process, the Boards engaged an independent executive recruitment firm to assist in the CEO selection. Just like the process we followed to select the new credit union’s name, this was a joint decision made by all three Boards—together.
Conexus is currently a provincial credit union, serving over 145,000 members from Coronach to La Ronge.
We are choosing to work together to ensure we remain strong, competitive, and committed to being a local, community focused credit union serving both today’s members and future Saskatchewan generations.
This new credit union will have 57 branches in 50 communities spanning as far north as La Ronge, south to Coronach and Arcola, east to Moosomin, and then west to Lloydminster. Your trusted advisors remain local—local people, serving local members. Decision-making will remain rooted in the communities we serve.
This is a partnership, and we are building something new. The Boards of Directors from all three credit unions worked collaboratively and equally throughout the process.
When it came to selecting the name and CEO for the new credit union, the Boards used independent third-party assessments to help guide their decisions. After careful consideration, they unanimously agreed on the name Conexus Credit Union and appointed Celina Philpot as CEO—both choices made with the best interests of all members across Saskatchewan in mind.
While the name and CEO come from one of the partner credit unions, the decisions were made with a focus on what would best position the new organization for long-term success. As we move forward, the three credit unions will continue to work collectively together to build the new credit union.
Introducing Our New Name
Effective January 1, 2026, the three credit unions will officially merge under the name: Conexus Credit Union.
A market assessment confirmed Conexus resonated the most strongly with people across Saskatchewan.
Welcoming Our New CEO
Merger Commitments
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