After months of progress, with a member's vote capping the uncertainty last month, three credit unions have now laid out their foundation for a merger into a single entity. Conexus, Cornerstone, and Synergy Credit Unions have been working on the merger since before the start of the year, and following months of work, they've now decided on a name and a new CEO.
The board of Directors for the new entity have announced that the combined branch will be known as Conexus Credit Union, taking the name from one of the credit unions that is merging together.
In addition, Celina Philpot, the current CEO of the unmerged Conexus Credit Union, will be the CEO of the merged credit union, effective January 1st, 2026.
“I’m honoured to lead the new Conexus Credit Union into this exciting next chapter," said Philpot, "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 the community and focused on the future.”
Doug Jones, CEO of Cornerstone, and Trevor Beaton, CEO of Synergy, will be supporting Celina as she steps into the new role and leads the new credit union forward.
The new credit union will serve over 200,000 people in 57 branches and 50 communities, making it the largest credit union in Saskatchewan. The organization will be looking after $15 billion in assets with 1,400 employees across the province.
The next phase of the merger will focus on planning for the integration of systems, products, services and operations for the new merged credit union.