Question 1

What is Conexus Credit Union?

Accepted Answer

Conexus Credit Union is Saskatchewan's largest credit union and a member-owned financial cooperative serving over 140,000 members across the province. With more than $10 billion in consolidated assets and approximately 800 employees, Conexus operates as a full-service financial institution offering personal, business, and agricultural banking solutions.

As a provincial credit union, Conexus combines the strength of a major financial institution with the community-focused values of the cooperative movement. The organization is committed to championing member success and contributing to a thriving Saskatchewan economy.

Question 2

When was Conexus Credit Union founded?

Accepted Answer

Conexus Credit Union traces its origins to 1937, when Tom Molloy, a reporter turned labour leader, organized and created the Regina Co-operative Savings and Credit Union. In 1945, the institution was renamed Sherwood Savings and Credit Union.

The modern Conexus Credit Union was formed through strategic mergers that expanded its reach and capabilities. In 2003, Sherwood merged with Moose Jaw and Assiniboia credit unions to form Conexus Credit Union. In 2006, the organization underwent another significant expansion, merging with Prince Albert, Heartland, and Moosomin credit unions to form Conexus Credit Union 2006.

Most recently, effective January 1, 2026, Conexus Credit Union 2006 amalgamated with Cornerstone Credit Union Financial Group Limited and Synergy Credit Union Ltd., creating an even larger organization operating under the Conexus Credit Union name. This merger brought together over 200,000 members across 57 branches in 50 Saskatchewan communities, with approximately $15 billion in combined assets under management.

Question 3

Where is Conexus Credit Union headquartered?

Accepted Answer

Conexus Credit Union is headquartered in Regina, Saskatchewan, Canada. The head office is located at 2375 College Ave, Regina, SK S4P 4M1.

The Regina headquarters also houses Cultivator powered by Conexus, Canada's first credit union-led tech incubator, which occupies more than 15,000 square feet of the building to support local startup growth.

Question 4

Where does Conexus Credit Union operate?

Accepted Answer

Conexus Credit Union operates exclusively throughout Saskatchewan, Canada's prairie province. Following the 2026 merger, the credit union serves members through 57 branches located in 50 communities across the province.

The branch network spans from La Ronge in the north to Coronach in the south, from Moosomin and Arcola in the east to Lloydminster in the west. Major service centers include Regina (with five branch locations), Saskatoon, Prince Albert, Moose Jaw, Yorkton, and many rural communities throughout Saskatchewan.

The credit union maintains a strong presence in both urban centers and rural communities, reflecting its commitment to serving diverse Saskatchewan populations including farmers, business owners, and individual members.

Question 5

What services does Conexus Credit Union offer?

Accepted Answer

Conexus Credit Union provides comprehensive financial services across personal, business, and agricultural banking sectors:

Personal Banking: No-fee chequing accounts, savings accounts, U.S. dollar accounts, Tax-Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP), Registered Education Savings Plans (RESP), and First Home Savings Accounts (FHSA).

Credit Products: Six Mastercard credit card options including cash back, rewards, and world elite products; personal loans, student loans, vehicle loans, RRSP loans, lines of credit, and home equity products.

Mortgages: Flex feature mortgages, value mortgages, construction mortgages, self-builder mortgages, home renovation mortgages, and home equity mortgages, with mobile mortgage specialists providing personalized service.

Investments: Term deposits, U.S. term deposits, market-linked GICs, stocks, exchange-traded funds (ETFs), mutual funds, and bonds. Investment services are offered through Conexus advisors, Thrive Wealth Management (managing nearly $3 billion in funds), and Qtrade Direct Investing.

Business & Agricultural Banking: Business and agriculture-specific chequing and savings accounts, business credit cards, commercial lending, term loans, lines of credit, business mortgages, agriculture mortgages, Canadian Small Business Financing Loans, Canadian Agriculture Loans Act (CALA) products, Farm Transfer Program, and the Ag Grow Fund.

Digital Services: Full-featured mobile banking app (Conexus Mobile) with biometric login, mobile cheque deposit, Interac e-Transfer, bill payments, account management, and debit card controls. Online banking platform with comprehensive account management tools. Members can access over 97,700 digital banking services.

Question 6

What makes Conexus Credit Union unique?

Accepted Answer

Conexus Credit Union distinguishes itself as a pioneering innovator in Canadian financial services with several remarkable achievements:

Innovation Leadership: Sherwood Credit Union (Conexus' predecessor) implemented Canada's first automated teller machine in 1976 at its Regina branches. Conexus was also the first Saskatchewan credit union to launch fully functional internet banking (2000), first to offer chip card technology (2009), first to launch mobile cheque deposit (2013), and first financial institution in Canada to jointly fund a Social Impact Bond (2014).

Tech Ecosystem Builder: Conexus operates Cultivator powered by Conexus, Canada's first credit union-led tech incubator, launched in 2019. Since inception, Cultivator has incubated over 180 companies, facilitated more than $172 million in private capital raised, supported 57 female-founded companies, and helped create approximately 620 jobs. The organization has set an ambitious goal to support 250 Saskatchewan companies in reaching $1 million+ in annual recurring revenue by 2050.

Venture Capital Investment: Through Conexus Venture Capital Inc., launched in 2019, the credit union has invested $66 million into helping businesses grow, addressing Saskatchewan's significant funding gap where local startups historically received less than 0.5% of Canadian venture capital. Conexus Venture Capital Fund II reached its $30 million target, doubling down on Prairie founders.

Community Investment: Conexus contributes 5% of pre-tax profits back into Saskatchewan communities, focusing on education, financial literacy, food security, health services, shelter, and capital projects. The credit union supports numerous local initiatives including the Regina Food Bank, SOFIA House Employment Program, and Camp Kindling youth leadership development.

Member-Owned Cooperative: As a credit union, Conexus is owned by its members, not shareholders, ensuring that profits benefit members and communities rather than external investors. Deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation (CUDGC) with no maximum coverage limit.

Question 7

What type of financial institution is Conexus Credit Union?

Accepted Answer

Conexus Credit Union is a provincial credit union operating as a member-owned financial cooperative. In Canada, credit unions are provincially regulated financial cooperatives that function similarly to banks but are owned by their members rather than shareholders.

As Saskatchewan's largest credit union, Conexus operates under the Saskatchewan Credit Union Act and is regulated by the Credit Union Deposit Guarantee Corporation (CUDGC). The cooperative structure means each member has an equal vote in governance matters, regardless of account size, and the organization exists primarily to serve member financial needs rather than maximize shareholder returns.

Credit unions in Saskatchewan are distinct from banks in that they follow cooperative principles, maintain strong local community connections, and return value to members through competitive rates, lower fees, and community investment programs. The CUDGC guarantees 100% of member deposits with no maximum limit, providing comprehensive deposit protection that exceeds the typical insurance provided to bank customers.

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