2018 Conexus Annual General Meeting – the highlight reel

On April 18, 2018, our Conexus Credit Union board of directors, employees and members, joined together for our Annual General Meeting (AGM). Just as we look to serve our members financial needs in ways that are convenient and meaningful to them, we supported the same strategy when trying to connect with our members across the province for our AGM. We offered participation in-person at the Conexus Arts Centre, through social media by hosting a Facebook Live Event and online via webcasting. If you weren’t able to attend using these channels – don’t worry – we have a recording available here and you can also view our annual report here.  

Students with Eric
Annette Revet, Chief Transformation Officer and Corporate Secretary of Conexus Credit Union, was the moderator for the evening and opened the meeting with a few reminders to foster an exceptional experience for our members. Before welcoming outgoing Board Chair, Bradyn Parisian, to the lectern, Annette gave a shout-out to a few students from a local Regina high school, F.W. Johnson Collegiate, who joined us at the meeting to learn more about the co-operative governance process.  

Bradyn took to the lectern to lead his first Conexus AGM, starting with a moment of silence in honour of the Humboldt Broncos Junior Hockey Team and the Humboldt Broncos organization, a member of Conexus for over 18 years.  

Throughout the evening, this energy of care and concern for community that Conexus holds near and dear as a cooperative, was very prominent. We had Chloe Golden, a student of the University of Regina in the Faculty of Music and the Faculty of Education, join us to sing O’Canada. We also wanted to help our members give back to our communities so as a token of our appreciation for our continuing member involvement, for every vote in our Director Election and every attendee at our AGM last night, we donated $1 to Creative Saskatchewan.
Bradyn Parisian

After welcoming a few special guests, Bradyn shared highlights from 2017, such as the introduction of our refreshed purpose – to improve the financial well-being of our members and communities – which is the foundation to all strategy and business plans at Conexus, enhancements to our online and mobile banking services; including leveraging our social media channels and website to provide expert advice and practical solutions and new service offerings to our business members, our investment of $1.05 million back into our communities through our Community Investment Program; with a large chunk of that (over $400,000) used for financial literacy education, our partnership with the University of Regina allowing us the opportunity to support the renewal of the College Avenue Campus and enhancement of Darke Hall; which includes a new building on the west side that will house our corporate services employees, along with a unique business incubator that will support local entrepreneurs and involve a number of Saskatchewan organizations.  

Dr. Vianne Timmons

We were in for a real treat when Bradyn welcomed our guest speaker, Dr. Vianne Timmons, President of the University of Regina, to the lectern who took a deeper dive into our community partnership and the positive far reaching impacts it has and will continue to have on our community. After Dr. Timmons, Eric Dillon, CEO of Conexus Credit Union, took to the stage to also share the positive highlights from our community partnership with the University of Regina, “It was nearly 2 years ago now that the University of Regina came looking for a partner who would develop a piece of property on the historic College Avenue campus. The goal was to play a role in restoring the old campus, while respecting the physical environment of Wascana Park.​ Conexus was - and is - very proud to be chosen as that partner and we’re looking forward to helping the University enhance the Park by saving the heritage campus and creating enriched educational and cultural possibilities for our community in the years to come.​” For more information on the development of our head office, you can visit that details with full transparency, our progress and decisions all along the way.  

Eric shifted gears to share how we deliver on our purpose – improving the financial well-being of our members and communities – which we like to refer to as the art and science that make up financial well-being. The science as Eric referred to, is the financial health of each individual member – focused on behaviours – whereas the art, is the wellness of each individual member – focused on their feelings associated with their finances. As Eric explained, the sum of these two things together is the Conexus version of financial well-being.

At Conexus, we don’t just stop there, as we know that directly tied to financial well-being is financial literacy - the knowledge of how to manage your money. Eric shared stories from our financial literacy partnerships that supports this exact cause, where we are also passionately involved in advocating a change to the core curriculum in the Saskatchewan education system to include financial literacy. Eric highlighted the expansion of one of our many financial literacy partnerships with a local WHL hockey team in our province -  the Saskatoon Blades, to also include the Moose Jaw Warriors and the Prince Albert Raiders. He also announced a 2018 initiative focused on continuing to support our business members in financial literacy, by partnering with MNP and WesternAg to host Ag Producer meetings in 2018 across the province.  

Eric Dillon
Eric concluded his part of the evening by explaining more around the need of a business incubator and the exciting, much needed impact it will have on the development and growth of small businesses in our province, how we saw the hard work of team Conexus in 2017 come to life with our new credit card offering in 2018, and the redesign of one of our rural branches in Cudworth, to be built in a very specific way to serve our members in that area - in a way that they want to be served. He also touched on the 2017 consolidated financial results, sharing that “2017 was another strong year in terms of asset, deposit and loan growth for Conexus. Overall, Conexus exhibited solid asset growth (4.50%), our regulatory capital position strengthened (13.58%) and our return on assets (0.75%) continues to contribute to our capital in the form of retained earnings even as we grow our assets.​” Before turning the stage back to Annette, Eric gave a well-deserved shout out to our wealth management team and their success, as they saw an asset growth of 19.36%. For the full report and the consolidated financial statements, click here.  

New board members
Annette took to the lectern to welcome and congratulate our new board members; Leah Clement from District 1, re-elected Joel Mowchenko from District 2 and Karin Ferris from District 4, before saying thank you and farewell to Wayne Kabatoff, who served as a Conexus Board member for 19 years as well as Bradyn who was first elected to the Conexus Board in 2015, served as Vice-Chair in 2016 and Board Chair in 2017. Bradyn then adjourned the meeting and we continued to engage with our members through the question and answer session, which you can catch up on by viewing the full recording of the meeting.  

We look forward to another year of serving you – our members – and hope to see you next year at the 2018 Conexus Annual General Meeting.