Synergy, Conexus, and Cornerstone Credit Unions recommend a merger

Synergy Credit Union, Conexus, and Cornerstone Credit Unions are recommending a merger to members. The Boards of all three credit unions have unanimously approved the recommendation, believing it will create a stronger, more resilient credit union while remaining member-focused and upholding their shared values.

The merger would enable shared profits with members, ensure long-term sustainability, continuation of investing in local communities, and investments in technology.

Trevor Beaton, CEO of Synergy Credit Union, weighed in on the recommended merger of Conexus, Cornerstone, and Synergy Credit Unions.

Pending member approval, the merger would provide members with a modern digital banking experience. The Branch network would have 57 branch locations in 50 communities offering low to no fee options. Profits will be shared with members and decision-making will remain local.

Advantages of the merger would include an enhanced lending capacity, specialized expertise, and needs-based advice and solutions. Profits will stay local and new opportunities will be created for current and future employees.

A member vote is expected in June, and all members are encouraged to participate in shaping the future of their credit union by voting. If approved by members and the regulator, the newly combined credit union will officially launch January 1, 2026.

Trevor Beaton, CEO of Synergy Credit Union said, “The world is full of uncertainties, many of which are beyond our control, yet they significantly affect us - whether through global politics, economic shifts or rapid technological advancements that reshape competition. By joining forces, we will be better equipped to navigate unforeseen challenges and seize new opportunities than we would be on our own.”

If approved, this merger will create a stronger, $15 billion credit union serving over 200,000 members across 50 communities, with no branch closures, a commitment to local decision-making, profit-sharing, and an even deeper investment in the communities served.

Members and the public can learn more about this recommended merger by visiting Synergy Credit Union.