Conexus to be name of new merged Credit Union

REGINA - Conexus will stay as the name of the new merged credit union that was approved by members last month.

Members of the existing Conexus, Cornerstone and Synergy Credit Unions had voted over 85 per cent in favour of a merger last month. Today comes word in a news release that the Boards of Directors for the three Credit Unions have opted to go with Conexus Credit Union as the name of the new entity. 

According to the news release the name was selected after a thorough market assessment. Board chairs pointed to the name Conexus being respected and recognized as well as resonating across Saskatchewan.

As well, the three Boards have appointed current Conexus Chief Executive Officer Celina Philpot as the CEO of the new credit union effective Jan. 1, 2026 — the date when the merged entity begins operations.

“I’m honoured to lead the new Conexus Credit Union into this exciting next chapter,” said Philpot in a statement. “This merger marks a powerful commitment to our members and communities across Saskatchewan. I’m deeply grateful for the trust placed in me and look forward to working alongside our dedicated employees and Board to build a stronger, more resilient credit union that is deeply rooted in community and focused on the future.” 

Doug Jones, CEO of Cornerstone, and Trevor Beaton, CEO of Synergy, will continue in their roles until the three credit unions merge on Jan. 1, 2026.

When it begins operations next year, Conexus will have $15 billion in assets under management and serve more than 200,000 members, with 57 branches in 50 communities and 1,400 employees. 

Conexus says that the next phase of the merger process will focus on planning for integration of systems, products, services and operations.