Cornerstone Credit Union

What Cornerstone Credit Union does

Cornerstone Credit Union Financial Group Limited was a member-owned financial cooperative founded in 1941, headquartered in Yorkton, Saskatchewan, Canada, serving approximately 30,000 members through 15 branches across East-Central Saskatchewan with over $2.7 billion in assets under management prior to its January 1, 2026 amalgamation with Conexus Credit Union and Synergy Credit Union to form the new Conexus Credit Union. The credit union operated a full-service retail and commercial banking model offering personal accounts, farm and business accounts, community accounts, and newcomer packages; mortgages, loans, and lines of credit across personal, business, and agricultural segments; credit cards issued through the Collabria Mastercard partnership; and investment products including term deposits and mutual funds distributed via Aviso Wealth and Qtrade Direct Investing partnerships.

The technology platform centered on a 24/7 digital banking system with 256-bit TLS encryption, a mobile app offering mobile cheque deposit capture and location-based branch/ATM finding, an ATM network leveraging the ACCULINK and DING FREE surcharge-free networks, and a contact centre operating at 1-855-875-2255. Service delivery spanned physical branches, digital banking, mobile app on iOS and Android, telephone banking, and online appointment booking for advisory consultations. Member-facing products included specialized agricultural lending (mortgages, loans, and lines of credit for farm operations), a Mortgage Switch Program covering up to $1,750 in switching fees, and the First-Time Home Buyer Savings Account (FHSA).

Revenue was generated through five primary streams: net interest income from mortgage and lending products (the dominant driver), deposit-related fees and float, Collabria Mastercard credit card revenue sharing, investment product licensing through Aviso Wealth, and fee-based services (account charges, transaction fees, and mortgage-related fees). The credit union operated as a cooperative with member-focused local decision-making, reinvesting approximately 5% of pre-tax earnings into Saskatchewan communities through Project Cornerstone, donations, sponsorships, and the Youth Leadership Awards program. Post-merger governance rests with a 12-director inaugural board (6 legacy Conexus, 3 legacy Cornerstone, 3 legacy Synergy) under CEO Celina Philpot, serving over 200,000 members with $15-17 billion in combined assets across 57 branches in 50 communities.

Name

Cornerstone Credit Union

Legal name

Cornerstone Credit Union Financial Group Limited

Website

https://cornerstonecu.com

Company type

Private

Founded year

1941

Operating status

Acquired

Headcount range

251–500 employees

Short description

Cornerstone Credit Union was a Saskatchewan member-owned financial cooperative founded in 1941, serving approximately 30,000 members across 15 branches with $2.7 billion in assets. It offered personal, agricultural, and business banking products before amalgamating with Conexus and Synergy Credit Unions effective January 1, 2026 to form Conexus Credit Union.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

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

akta.pro secondary industry

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

Keywords

• Retail banking services
• Mortgage lending products
• Agricultural loans
• Credit union membership
• Digital banking platforms

Headquarters

HQ city

Yorkton

HQ country

Canada

HQ region

North America

Offices3 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 from Lending: Interest earned on mortgage products (personal, business, agricultural mortgages) and loans/lines of credit (personal, business, agricultural). Primary revenue driver for credit union operations.
2. Deposit Services: Revenue from personal accounts, farm & business accounts, community accounts with associated fees and float income.
3. Credit Card Services: Revenue from Collabria Mastercard credit card program.
4. Investment Products: Term deposits and investment products; mutual funds and securities offered through Aviso Wealth partnership.
5. Fee-based Services: Various banking fees including account service charges, transaction fees, and mortgage-related fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Cornerstone Credit Union is a member-owned Saskatchewan credit union providing retail banking, lending, and wealth services to individuals, farmers, small businesses, community organizations, and newcomers across East-Central Saskatchewan. Its product portfolio spans deposit accounts (personal, farm and business, community, and newcomer packages), mortgages (personal, business, and agricultural), loans and lines of credit in the same three segments, Mastercard credit cards via Collabria, and term deposits plus mutual funds/brokerage through Aviso Wealth and Qtrade. Services are delivered through 15 branches, a 24/7 digital banking platform, iOS/Android mobile app, contact centre, and the DING FREE/ACCULINK ATM network.

Product overview

Cornerstone Credit Union offers a comprehensive digital banking platform serving approximately 30,000 members across 15 branches in East-Central Saskatchewan. The product portfolio centers on the digital banking platform with 24/7 online and mobile access, complemented by diverse account types (Personal, Farm & Business, Community, Newcomer Packages), mortgage products (Personal, Business, and Agricultural with a Mortgage Switch Program offering up to $1,750 in fee coverage), loan and credit facilities (Personal, Business, and Agricultural), and credit cards through Collabria Mastercard. Investment services include term deposits (Redeemable, Easy Builder, Non-Redeemable) and mutual funds via Aviso Wealth partnership. The product ecosystem extends to contact center support, branch/ATM network (DING FREE and ACCULINK), business incubator (Cultivator), and community programs (Youth Leadership Awards). On January 1, 2026, Cornerstone amalgamated with Conexus and Synergy Credit Unions to form Conexus Credit Union.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Banking Platform 24/7 online and mobile banking platform providing personal and business members with account access, transfers, bill payment, transaction management, mobile deposit capture, branch/ATM finder, and Interac e-Transfer; secured by 256-bit TLS encryption across web and mobile.
• Personal Accounts Chequing and savings accounts for individual members covering everyday banking needs.
• Farm & Business Accounts Specialized banking accounts tailored for agricultural operations and commercial enterprises across Saskatchewan.
• Community Accounts Banking solutions designed for community organizations, non-profits, and charities in Saskatchewan.
• Newcomer Package Banking package designed for new residents to Canada, providing essential account services and support for establishing financial history.
• Personal Mortgages Residential mortgage products including fixed and variable rate options for home purchases and refinances; a limited-time 3.69% on 2-year Straight Mortgage term was advertised at time of input.
• Business Mortgages Commercial real estate financing for businesses, providing competitive rates for commercial property purchases and expansions.
• Agricultural Mortgages Specialized mortgage products for agricultural properties and farm operations in Saskatchewan.
• Personal Loans & Lines of Credit Unsecured personal loans and credit lines for individual financial needs including debt consolidation, major purchases, and emergencies.
• Business Loans & Lines of Credit Commercial lending solutions including term loans and revolving credit facilities for business operations and growth.
• Agricultural Loans & Lines of Credit Specialized agricultural financing for farm operations, equipment purchases, and crop production needs.
• Personal Credit Cards Mastercard credit card products for personal use issued through the Collabria Financial Services partnership and managed via the Collabria CardWise portal.
• Business Credit Cards Commercial Mastercard credit card solutions for business expenses and cash flow management, issued through the Collabria Financial Services partnership.
• Term Deposits Fixed-term investment products with guaranteed returns, available in redeemable, easy builder, and non-redeemable options with terms from 12 to 60 months; a 3.00% 1-year non-redeemable term was advertised at time of input.
• Mutual Funds Investment products offered through the Aviso Wealth partnership, providing professionally managed portfolios of stocks and bonds for long-term savings goals, with online brokerage available through Qtrade Direct Investing.
• Contact Centre Telephone banking service at 1-855-875-2255 with extended hours, providing member support and Financial Advisors for account inquiries, transactions, and product advice.
• Branches & ATMs Physical branch locations and ATM network providing in-person banking services and cash access through the DING FREE surcharge-free and ACCULINK deposit networks across Canada.
• Ways to Pay Payment solutions including bill payment, pre-authorized payments, and Interac e-Transfer services supporting day-to-day money movement for personal and business members.

Quantifiable outcome

• 86.5% member approval for merger
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor, core and flagship.

• Ombudsman for Banking Services and Investments (OBSI)minorOthers · 1 January 2026External escalation body for complaints not resolved through Conexus Ombudsman Office. Located at 401 Bay Street, Suite 1505, Toronto, ON.
• Aviso WealthcoreGTM or Marketing PartnerMutual funds and securities offered through Aviso Wealth, a division of Aviso Financial Inc. Online brokerage services through Qtrade Direct Investing.
• Qtrade Direct InvestingcoreGTM or Marketing PartnerOnline brokerage services offered as division of Aviso Financial Inc. Qtrade and Qtrade Direct Investing are trade names and/or trademarks of Aviso Wealth Inc.
• Thrive Wealth ManagementminorGTM or Marketing PartnerWealth management services linked from Cornerstone website.
• Collabria Financial ServicescoreChannel Partner/ Reseller/ DistributorIssues Collabria Mastercard credit cards on behalf of Cornerstone Credit Union. CardWise login portal provided for card management.
• Concentra TrustcoreTechnology or IntegrationTrust services provider for RSP, RIF, and TFSA declarations of trust. Registered trademark owned by Concentra Bank.
• Conexus Credit UnionflagshipStrategic or Co-development PartnerMerger partner. Effective January 1, 2026, Conexus Credit Union 2006, Cornerstone Credit Union Financial Group Limited, and Synergy Credit Union Ltd. amalgamated as Conexus Credit Union. Combined entity with $15-17 billion in assets, 57 branches, and 1,400 employees.
• Synergy Credit Union Ltd.flagshipStrategic or Co-development PartnerMerger partner. Effective January 1, 2026, amalgamated with Conexus and Cornerstone as Conexus Credit Union. Synergy served over 27,000 members with 12 branches and $2.8 billion in assets.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Vancity: British Columbia's largest credit union with a community/values-based mandate and full personal, business, and wealth offerings. Comparable as a large Canadian credit union operator but at materially greater scale and BC-only footprint.
• Desjardins Group: Canada's largest credit union/cooperative financial group, primarily serving Quebec. Comparable as a member-owned cooperative with full banking, lending, wealth, and insurance offerings, but at vastly larger scale and different geography.
• Meridian Credit Union: Ontario's largest credit union offering full personal and commercial banking, wealth, and ag/business lending. Comparable as a large Canadian community credit union with overlapping product mix, though operating in a different province.

Emerging players

• Tangerine: Canadian direct/digital bank owned by Scotiabank offering deposits, lending, and investment products without a branch network. Comparable as a competitor for Saskatchewan retail deposits and unsecured lending, especially among digitally active members.

Direct peers

• Affinity Credit Union: Saskatchewan's largest credit union by membership and assets, based in Saskatoon. Directly comparable as a community credit union offering full personal/business banking, ag lending, and wealth services to Saskatchewan residents and competing for the same member base.
• Innovation Federal Credit Union: Saskatoon-based Saskatchewan credit union offering personal and business banking, mortgages, and lending. Comparable as a community credit union serving overlapping Saskatchewan geographies and member segments.
• Synergy Credit Union: Lloydminster-based Saskatchewan credit union (~$2.8B in assets, 27,000+ members, 12 branches) that merged with Cornerstone and Conexus. Comparable community credit union with overlapping ag and personal lending focus.
• Conexus Credit Union: Regina-based Saskatchewan credit union that absorbed Cornerstone and Synergy effective January 1, 2026. Comparable as a community credit union with similar product mix (deposits, mortgages, ag lending) and now operates as the parent of the former Cornerstone franchise.
• Prairie Centre Credit Union: Melfort-based Saskatchewan credit union offering personal, business, and agricultural lending to rural Saskatchewan communities. Comparable community credit union competing in the same rural Saskatchewan markets.
• Diamond North Credit Union: Northeast Saskatchewan credit union serving rural and agricultural communities. Comparable as a community credit union with strong ag lending and personal banking focus in the same province.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CornerstoneCUSK
• Facebookfacebook.com/cornerstonecusk
• LinkedInlinkedin.com/company/cornerstone-credit-union---saskatchewan
• Instagraminstagram.com/cornerstonecusk/?hl=en

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Cornerstone Credit Union