Conexus Credit Union
This Page's Content Was Last Updated: July 21, 2026
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Managing $8.1 billion in total assets, Conexus Credit Union stands as the #13 largest credit union in Canada. Our independent review breaks down Conexus Credit Union’s consumer offerings, deposit safety under the Credit Union Deposit Guarantee Corporation (CUDGC Saskatchewan), and competitive rates for Saskatchewan depositors and home buyers.
Jump to Section: Institution Overview•Mortgage Rates•GIC Rates•Financial Performance
Credit Union
Conexus
Conexus Credit Union is a credit union located in Saskatchewan. It was founded in 1937. It primarily serves Regina, Saskatoon, Moose Jaw, Prince Albert and and Saskatchewan's agricultural regions..
Conexus Credit Union is one of Saskatchewan’s largest credit unions, with roots reaching back to 1937, when it was founded in Regina as Regina Co-operative Savings and Credit Union. It later became Sherwood Savings and Credit Union before growing through mergers into the institution known today as Conexus.
In 1976, while operating as Sherwood Credit Union, it introduced Canada’s first automated teller machine at its Regina branches. The credit union later expanded through mergers and now serves personal, business, and agricultural members across Saskatchewan with banking, lending, investment, and advice services.
Conexus contributes a portion of pre-tax profits to community investment each year, supporting organizations that address social and economic priorities in the province. In 2026, Conexus merged with Cornerstone and Synergy Credit Unions under the Conexus Credit Union name.
Provinces served
Number of Members (as of 2025): ~200,000
Conexus Mortgage Rates
The mortgage rates on this page were last updated on September 21, 2026 at 6:15 PM ET.
| Lender | Term | Insured down payment < 20% | Insurable home < $1M & amortization ≤ 25yr | Uninsured home ≥ $1M or refinances | Posted non-discounted rate |
|---|---|---|---|---|---|
| Conexus Credit Union | 6-Month Fixed | 5.19% | 5.19% | 5.19% | 5.19% |
| Conexus Credit Union | 1-Year Fixed | 5.19% | 5.19% | 3.79% | 5.19% |
| Conexus Credit Union | 2-Year Fixed | 4.64% | 4.64% | 3.79% | 4.64% |
| Conexus Credit Union | 3-Year Fixed | 4.84% | 4.84% | 3.79% | 4.84% |
| Conexus Credit Union | 4-Year Fixed | 4.94% | 4.94% | 3.79% | 4.94% |
| Conexus Credit Union | 5-Year Fixed | 4.54% | 4.54% | 3.79% | 4.54% |
| Conexus Credit Union | 3-Year Variable | 4.74% | 4.74% | 4.74% | 4.45% |
| Conexus Credit Union | 5-Year Variable | 4.64% | 4.64% | 4.64% | 4.45% |
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||||
Understanding Conexus Credit Union Mortgage Features
- Prepayment Privileges: Most credit unions in Saskatchewan allow members to make annual lump-sum prepayments (10%–20%) and payment increases without penalty.
- Early Termination Penalties: Breaking a fixed-rate mortgage early incurs an Interest Rate Differential (IRD) or 3 months' interest penalty. Variable mortgages typically carry a 3-month interest fee.
- Local Approval: Mortgages are underwritten locally, providing flexible solutions for self-employed buyers and unique property types.
Estimate your payments using WOWA's Mortgage Payment Calculator.
Conexus GIC Rates
The GIC rates on this page were last updated on September 21, 2026 at 5:44 PM ET.
| Term | Non-Registered Rate |
|---|---|
| 1-Year | 3.00% |
| 2-Year | 2.65% |
| 3-Year | 3.30% |
| 4-Year | 2.90% |
| 5-Year | 3.00% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | |
Conexus Credit Union Ranking Among Credit Unions Monitored by WOWA
13th
by Assets
of 134 credit unions
13th
by Loans
of 133 credit unions
13th
by Deposits
of 133 credit unions
Conexus Credit Union ranks 13th among Canadian credit unions by assets monitored by WOWA, 13th by loans, and 13th by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
Conexus Credit Union Branch Locations
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: No-Fee Chequing
- Standard Fee
- Free
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- 30 free Interac e-Transfers are included each month.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Conexus Credit Union No-Fee Chequing is a no-monthly-fee account with no minimum balance requirement. It includes unlimited deposits, withdrawals, transfers, and bill payments, along with unlimited incoming Interac e-Transfers. The account also includes 30 free outgoing Interac e-Transfers per month.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Saskatchewan).
Savings Accounts
Savings Account
Account: Savings
- Interest Rate
- 0.30%*
- Standard Fee
- Free
- Free Transactions
- 2
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 2 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
*Interest Rate Breakdown by Balance
Balance amount Interest rate $0.00 to $5,000 0.30% $5,000.01 to $25,000 0.35% $25,000.01 to $60,000 0.40% $60,000.01 to $100,000 0.45% $100,000 or over 0.55% - Conexus Credit Union Savings is a savings account with tiered interest rates that increase at balances above $5,000, $25,000, $60,000, and $100,000. It includes 2 free transactions per month, while deposits are free and do not count toward the limit. Outgoing Interac e-Transfers are charged separately at $5 each.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Guarantee Corporation (CUDGC Saskatchewan).
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $8,051M | +9.4% | +20.1% |
| Loans | $6,680M | +10.4% | +29.3% |
| Deposits | $6,333M | +4.1% | +15.9% |
| Loan-to-Deposit Ratio | 105.5% | — | — |
| Mortgages + HELOCs | $2,722M | +9.3% | +26.6% |
| Securities | $768M | -9.2% | -28.3% |
| Revenue | $263M | +21.8% | +16.9% |
| Efficiency Ratio | 65.8% | — | — |
| Target Members / Region | Regina, Saskatoon, Moose Jaw, Prince Albert, and Saskatchewan's agricultural regions. | — | — |
Conexus Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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Disclaimer:
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