Conexus Credit Union

What Conexus Credit Union does

Conexus Credit Union is a Saskatchewan-based, member-owned cooperative financial institution founded in 1937, headquartered in Regina, Canada. Following a three-way amalgamation effective January 1, 2026, it operates 57 branches across 50 Saskatchewan communities, serves more than 145,000 members, and manages over $10 billion CAD in assets, making it one of the largest credit unions in the province. Its product portfolio spans personal banking (chequing, savings, U.S. dollar accounts, six Mastercard credit card variants, mortgages, personal loans and lines of credit), business banking (term loans, government-backed CSBFL loans, QuickLoans, commercial mortgages, business credit cards, CAFT, FX), agricultural lending, and wealth management (RRSP/TFSA/RESP/RDSP/RRIF/FHSA accounts, GICs, mutual funds, ETFs, stocks, bonds, plus partnerships with Qtrade Direct Investing, Thrive Wealth Management, and Aviso Wealth).

The technology stack centers on a member-facing digital banking platform available via web and mobile, with self-service capabilities including online mortgage renewals (first among Saskatchewan credit unions), Mastercard linking, digital wallet support (Apple Pay, Google Pay, Samsung Pay, Click to Pay), real-time fraud text alerts, and 256-bit TLS encryption. Credit cards are issued under license from Mastercard International through partner Collabria Financial Services Inc., which also operates the CardWise and MyCardInfo card management tools for business clients. Conexus has no public developer API, SDK, or partner-facing integration portal.

Revenue is generated through traditional credit union net interest margin on loans and deposits, credit card interchange and revolving interest (with personal card APR of 19.99%), deposit account service charges, revenue-sharing arrangements with wealth management partners, and commercial and agricultural lending fees. Distribution is hybrid: physical branches and Mobile Mortgage Specialists for complex products, alongside self-serve digital channels and a phone-based member contact centre. Through its wholly-owned subsidiary Conexus Venture Capital Inc., and specifically CVC Fund #2 (over $30 million CAD committed capital), Conexus invests in Saskatchewan tech startups and operates the Cultivator accelerator, extending its footprint into the local innovation ecosystem.

Name

Conexus Credit Union

Legal name

Conexus Credit Union

Website

https://conexus.ca

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Conexus Credit Union is a Saskatchewan-based member-owned cooperative financial institution serving 145,000+ members across 57 branches in 50 communities. It provides personal, business, and agricultural banking, mortgages, credit cards, and wealth management services, managing over $10 billion CAD in assets.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Card Issuing (522210)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Retail banking services
• Agricultural lending
• Commercial banking
• Wealth management
• Mortgage lending

Headquarters

HQ city

Regina

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Traditional credit union revenue from interest rate spreads on loans (mortgages, personal loans, business loans, agricultural loans) and other credit products
2. Credit Card Interchange and Fees: Revenue from credit card transactions including interchange fees, annual fees (some cards have $0 annual fee), and interest charges on revolving balances (19.99% APR)
3. Deposit Account Fees and Service Charges: Fees from chequing accounts, transaction fees, overdraft charges, and other account-related services
4. Investment and Wealth Management Services: Revenue sharing arrangements with partner organizations including Thrive Wealth Management, Qtrade Direct Investing, and Aviso Wealth for mutual funds, stocks, ETFs, and other investment products
5. Business Banking Services: Commercial lending, agricultural financing, business credit cards, foreign exchange services, and payment solutions (CAFT, electronic bill payments)

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Conexus Credit Union is a member-owned cooperative financial institution that provides retail banking, commercial banking, agricultural lending, and wealth management services to Saskatchewan residents and businesses. Its offering spans deposit accounts (chequing, savings, U.S. dollar), Mastercard credit cards, mortgages and personal loans, business and agriculture lending, registered investment accounts and products (RRSP, TFSA, RESP, RDSP, RRIF, FHSA, GICs, mutual funds, ETFs, stocks, bonds, term deposits), and payment services such as CAFT and foreign exchange, distributed through 57 physical branches and a digital banking platform.

Product overview

Conexus Credit Union is a Saskatchewan-based financial institution offering a comprehensive suite of banking products and services for personal, business, and agricultural members. The core product portfolio spans deposit accounts (No-Fee Chequing, Savings, U.S. Dollar Accounts), credit cards (Conexus Classic, Cash Back, World, Centra Gold, and U.S. Dollar Mastercard variants), mortgages (Flex Feature Mortgage, Value Mortgage, Construction Mortgage, Self-builder Mortgage, Home Renovation Mortgage, Home Equity Mortgage), personal loans (Personal, Student, Vehicle, RRSP Loans and Lines of Credit), and investment products (RRSP, TFSA, RESP, RDSP, RRIF, FHSA accounts, plus Market-linked GICs, Stocks, ETFs, Mutual Funds, Bonds, and Term Deposits). Business banking includes Business Term Loans, Canadian Small Business Financing Loans, CEBA, Business QuickLoan, Business Construction and Investment Mortgages, Multi-Unit Insured Mortgage Solutions, and Business Credit Cards. The Conexus Digital Banking platform provides online and mobile banking access, including an online mortgage renewal feature and Mastercard linking. Investment services are delivered through Conexus advisor, Thrive Wealth Management, and Qtrade Direct Investing. The credit union also supports innovation through Conexus Venture Capital (CVC) Fund #2 and the Cultivator accelerator program. The Conexus Mastercard is issued by Collabria Financial Services Inc. under a Mastercard license.

Differentiator

Problem solved

Functional benefit

Brands

• Conexus Venture Capital Inc. Venture capital arm of Conexus Credit Union focused on investing in Saskatchewan tech startups
• Conexus Building Communities
• Cultivator powered by Conexus

Products and services

• No-Fee Chequing No-fee personal chequing account for everyday banking transactions, targeted at Saskatchewan members.
• Savings Account Personal savings account for depositing and growing funds, targeted at individual members.
• U.S. Dollar Account Personal deposit account for holding and transacting in U.S. dollars, useful for cross-border spending.
• Conexus Cash Back World Elite Mastercard Premium cash-back personal credit card with enhanced rewards and travel benefits, issued by Collabria Financial Services under a Mastercard license.
• Conexus Cash Back Mastercard Cash-back personal credit card earning rewards on purchases, issued by Collabria Financial Services under a Mastercard license.
• Conexus Classic Mastercard Standard entry-level personal credit card for everyday spending, issued by Collabria Financial Services under a Mastercard license.
• Conexus World Mastercard Mid-tier personal credit card with enhanced benefits, issued by Collabria Financial Services under a Mastercard license.
• Conexus Centra Gold Mastercard Gold-tier personal credit card with elevated rewards and travel benefits, issued by Collabria Financial Services under a Mastercard license.
• Conexus U.S. Dollar Mastercard Personal credit card denominated in U.S. dollars for cross-border spending, issued by Collabria Financial Services under a Mastercard license.
• Flex Feature Mortgage Flexible personal mortgage with portability and the ability to switch between fixed and variable rates, targeted at Saskatchewan homeowners.
• Value Mortgage Competitive-rate personal mortgage option for Saskatchewan home buyers.
• Construction Mortgage Personal financing for members building a new home in Saskatchewan.
• Self-builder Mortgage Personal mortgage for Saskatchewan members building their own home.
• Home Renovation Mortgage Personal mortgage financing that combines home purchase with renovation costs for Saskatchewan members.
• Home Equity Mortgage Home equity line of credit / mortgage for accessing accumulated home equity, targeted at Saskatchewan homeowners.
• Personal Loan General-purpose personal loan product for Saskatchewan members.
• Student Loan Personal financing for post-secondary education expenses, targeted at Saskatchewan students and families.
• Vehicle Loan Personal financing for automobile purchases by Saskatchewan members.
• Personal Line of Credit (QuickLine) Flexible revolving personal line of credit for Saskatchewan members.
• Overdraft Line of Credit Overdraft protection linked to a member's chequing account at Conexus.
• Registered Retirement Savings Plan (RRSP) Tax-deferred retirement savings account for Saskatchewan members.
• Tax-Free Savings Account (TFSA) Tax-free flexible savings account for Saskatchewan members.
• Registered Education Savings Plan (RESP) Education savings plan with government grants support, targeted at Saskatchewan families.
• First Home Savings Account (FHSA) Tax-advantaged savings account for Saskatchewan first-time home buyers.
• Term Deposits Fixed-term savings investments with guaranteed returns offered to Saskatchewan members.
• Mutual Funds Professionally managed pooled investment funds accessible to Saskatchewan members.
• Conexus Advisor Guided investment advisory service provided by Conexus advisors to Saskatchewan members.
• Thrive Wealth Management Full-service wealth management offering for personalized financial planning and portfolio management, available to Conexus members through Thrive Wealth Management.
• Qtrade Direct Investing Self-directed online brokerage platform offering stocks, ETFs, and other securities to Conexus members through Qtrade integration.
• Business Term Loan Lump-sum business financing with fixed or variable interest repaid over a set period, suitable for equipment, vehicles, technology, renovations, or commercial improvements.
• Canadian Small Business Financing Loan Government-backed financing for eligible Saskatchewan small businesses to purchase equipment, leasehold improvements, and commercial real estate, facilitated through a partnership with the Government of Canada.
• Business QuickLoan Quick-access business line of credit for short-term financing needs of Saskatchewan SMBs.
• Business Construction Mortgage Commercial mortgage financing for constructing commercial properties, available to Saskatchewan businesses.
• Business Investment Mortgage Commercial mortgage financing for investment properties held by Saskatchewan businesses.
• Business No-Fee Cash Back Mastercard No annual fee business credit card earning 1 Flex Rewards point per $2 spent on business purchases with cash-back redemption, issued by Collabria Financial Services under a Mastercard license.
• Business World Elite Mastercard Premium business credit card with enhanced rewards and travel benefits, targeted at Saskatchewan SMBs.
• Business Low Rate Mastercard Business credit card with a low interest rate, targeted at Saskatchewan SMBs that carry revolving balances.
• Agriculture Loans Specialized financing solutions for Saskatchewan agricultural operations, including equipment, land, and operating capital.
• Agriculture Lines of Credit Flexible revolving credit facilities for Saskatchewan farm cash flow management.
• Agriculture Mortgages Mortgage financing tailored for Saskatchewan agricultural land and farm operations.
• Customer Automated Fund Transfers (CAFT) Automated fund transfer service for Saskatchewan business customers, supporting electronic batch payments.
• Foreign Exchange Services Currency exchange services for Saskatchewan businesses conducting international transactions.
• Conexus Digital Banking Platform Online and mobile banking platform providing account access, transfers, bill payments, Interac e-Transfer, credit card management, and digital wallet support (Apple Pay, Google Pay, Samsung Pay, Click to Pay) for Conexus members.
• Conexus Venture Capital (CVC) Fund #2 Saskatchewan-focused venture capital fund investing in high-growth tech startups; fund closed at over $30 million committed capital and plans to back 10-15 startups across various stages.

Quantifiable outcome

• Over $10 billion in assets under management
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Collabria Financial Services Inc.coreTechnology or IntegrationJoint partnership for Conexus Mastercard credit card issuance. Collabria provides the technology infrastructure and administration for credit card operations. Cards include World Elite Cash Back, Cash Back, Classic, World, Centra Gold, and U.S. Dollar variants.
• Aviso WealthcoreChannel Partner/ Reseller/ DistributorPartnership for investment products and services distribution. Aviso Wealth provides back-office support for mutual funds and other securities through Aviso Online platform accessible to Conexus members.
• Qtrade Direct InvestingcoreChannel Partner/ Reseller/ DistributorSelf-directed investing platform partnership offering stocks, ETFs, and other investment products to Conexus members through Qtrade platform integration.
• Thrive Wealth ManagementcoreChannel Partner/ Reseller/ DistributorFull-service wealth management offering available to Conexus members through trained advisors. Provides comprehensive financial planning and portfolio management.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Innovation Federal Credit Union: Innovation Federal Credit Union is another Saskatchewan-based credit union offering personal, business, and agricultural banking. It is the most direct geographic competitor in Conexus's home province, competing for the same member base and ag lending opportunities.
• Affinity Credit Union: Affinity Credit Union was a Saskatchewan credit union that joined the Conexus amalgamation effective January 1, 2026. It previously operated a similar full-service community credit union model with personal, business, and ag banking in the same province.
• Servus Credit Union: Servus Credit Union is one of Canada's largest credit unions, headquartered in Alberta with comparable asset scale and a similar full-service retail, business, and ag banking model. Operates in an adjacent Prairie province with overlapping agricultural economy dynamics.
• Vancity: Vancity is a British Columbia-based community credit union with comparable asset size (~CAD $30B+). Operates a similar cooperative model with strong ESG/community reinvestment positioning, member-owned structure, and digital banking investment strategy.
• Coast Capital Savings: Coast Capital Savings is a BC-based credit union with comparable member-owned cooperative structure, asset scale, and full-service personal/business banking offering. Targets a similar community-anchored value proposition.
• First West Credit Union: First West Credit Union is a BC-based credit union formed through multiple mergers with similar member-owned structure, full-service banking, and comparable asset scale. Provides a like-for-like comparison for multi-branch integrated credit union operations.
• Meridian Credit Union: Meridian is one of Canada's largest Ontario-based credit unions with a similar full-service personal, business, and wealth management offering and asset scale. Comparable digital banking investment and member-owned cooperative structure.

Broad incumbents

• Desjardins Group: Desjardins is Canada's largest cooperative financial group with nationwide presence across all provinces. Operates a similar member-owned structure and full-service banking, but at substantially larger scale and broader geographic footprint than Conexus.
• Canadian Western Bank: Canadian Western Bank is a publicly traded Western Canadian bank serving business and personal banking customers. While not a credit union, it competes directly for the same Prairie-region business banking and ag lending customers that Conexus serves.
• ATB Financial: ATB Financial is Alberta's provincial Crown corporation financial institution offering full-service personal, business, and ag banking. Operates in an adjacent Prairie province with similar agricultural economy dynamics and member-segment focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Conexus_CU
• YouTubeyoutube.com/channel/UCzjlBHVzEgZdc3n9qIlfX4g
• Facebookfacebook.com/conexuscu
• LinkedInca.linkedin.com/company/conexus-credit-union
• Instagraminstagram.com/conexus_cu/?hl=en

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments16 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Conexus Credit Union