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Update: Request for Offer Update: Successful Candidates of Conexus Buildings

We took a unique approach to request offers from the community to acquire and use our buildings in Chamberlain, Cupar, Drake, Middle Lake, Mossbank, Spy Hill, Young and two locations in Regina – Fifth Avenue and Wallace. We’ve finalized several of the offers, and we’re excited to share with you the successful candidates:

  • Cupar - Town of Cupar
  • Fifth Avenue (Regina) - Circle Project
  • Wallace (Regina) - Ignite Adult Learning
  • Young - Village of Young and RM of Morris
  • Drake - Village of Drake
  • Middle Lake - Three Lakes Economic Development Region Inc.
  • Mossbank - Town of Mossbank
We’re currently finalizing details for our Chamberlain building and will announce the successful candidate once finalized. We received no offers for our Spy Hill building and are currently working through the tendering process to find a new owner. .


We’re ‘Wanderer’ing Into a New Partnership

We’re super excited to announce our new 3-year partnership with the Saskatchewanderer Program. The Saskatchewanderer is a provincial program that brings attention to a range of industries and businesses in the province and highlights why Saskatchewan is a great place to live, work and play through the lens of a new media-savy individual each year to tour the province through social media, blogs and videos.
 
As a Saskatchewan-based and member-owned co-operative, we too know firsthand how amazing this province is and through this partnership we’ll be able to demonstrate our shared values in promoting why Saskatchewan is the best place to operate a business, grow a tech company, build a career, raise a family and explore.
 
To learn more about the Saskatchewanderer Program and to follow along, visit www.saskatchewanderer.ca.

Happy Birthday Cultivator!

A year ago today, we launched Canada’s first credit union led business incubator, Cultivator powered by Conexus and what a year it has been!
 
2019 was a year of growth as we beta-tested our programming and created a business incubator that will soon live within our new hear office building on College Avenue, Regina. With this growth also came a number of highlights and successes from the Cultivator space including:

  • 32 companies incubated
  • 86 jobs created
  • 194 investment pitches
  • $1.7 million in private capital raised
And that’s not all - check out our Cultivator recap video here.
 
Saskatchewan’s entrepreneurial eco-system is booming, and we’re excited to contribute to it through Cultivator along with our Venture Capital Fund. The momentum is here and we’re just getting started as we further grow Saskatchewan’s startups and show the rest of the world why Saskatchewan is the place to be. For more information about Cultivator, visit www.cultivator.ca.

Saskatoon Capital Funding Announcement

We're excited to announce today a new partnership with the Optimist Club of Saskatoon, contributing $1 million to Phase 2 of the Optimist Hill Campaign. This funding will be used for the future permanent chalet, which once built, will be named the Conexus Riverview Chalet.  

Optimist Hill, Saskatoon’s winter destination, provides a full range of activities for children and adults, located in in Diefenbaker Park.  Phase 1 of the campaign included the creation a 70-foot hill with groomed lanes for snow-tubing, skiing and snowboarding, terrain park, and a Sunkid carpet conveyor – all now open to the public.

Being part of the community where we live, work and play is fundamental to who we are, and is why we contribute to capital projects like Optimist Hill.  The Hill creates a fun, new amenity for families to enjoy together and not only supports growth within Saskatoon, but also improves the well-being within our community.

To learn more about the Hill, visit www.optimisthill.ca.


Protecting yourself from fraud

There are many scams out there, and during the holiday season we tend to see an increase in scams due to more purchases being made and people their guard down due to being in the holiday spirit.

Unfortunately, scammers don’t take the holiday season off and try and trick us when we least expect it. Here are a few tips and reminders on keeping yourself and finances safe this holiday season:
  • If online shopping do your research first. Buy only from companies or individuals that have a good reputation or you’ve purchased from in the past. If a seller has little or no reviews, this may be a sign that they aren’t legit. Be sure to read the fine print, including refund and return policies and ask the vendor questions – if a trusted company, they should be able to provide you the answers no problem.
  • Scammers use a variety of channels to try and trick us, including email and text. Before clicking on any link, be sure to look at the email carefully. Spelling errors, bad grammar or altered logos are signs of the email being fake. Hover over the link to display the full URL. If it looks suspicious, it probably is – instead, contact the company directly or type in the website to log into your account to see if any actions are required from you.
  • Create pins, passwords and security questions that aren’t easy to guess – 123456 or password are on the top worst passwords list and should be avoided! Do not share your pin or passwords with others. If you need to write down your pin or password, keep in a secure place such a your home safe. Do not keep in a place such as under your keyboard or in your wallet as it increases your risk of being scammed, especially if stolen.
  • Be suspicious of phone calls asking for your personal information. The majority of companies won’t call or email you asking you provide personal information over the phone or through email. Scammers will many times use scare tactics (such as your account is about to close, or suspicious account activity that needs immediate attention) to make you panic give up the information. Don’t give in. If you do receive a call that seems suspicious, we suggest hanging up and contacting the company directly.
Remember if it feels wrong, it most likely is wrong. If you encounter any suspicious activity or believe you may have been the victim of fraud, report it immediately. For more information about fraud, including how to report an incident, visit https://www.conexus.ca/Personal/PrivacySecurity/ReportIncident/.

Supporting our Ag Members

Conexus is a locally owned and operated credit union, meaning the decisions made around your operation’s financial needs are made right here in Saskatchewan. We understand the hard work and passion behind each day in the field to produce high-quality food for consumers across Canada and North America. Due to weather and other conditions, 2019 was a tough year and we understand the serious impacts it had on farming operations across our province. With conditions out of your control, we want to make sure you know that we are here to support and help you during this time.
 
We’re here to help you succeed and we’ll work with you to develop solutions that meet the unique needs of your operation to reduce financial pressure around this year’s circumstances. We have a team of experts ready to find a solution that works for you and your business, and we encourage you to contact your Business Advisor directly to discuss your individual situation and the options available.
 
Alongside financial well-being, we want to recognize the importance of taking care of your overall well-being. There are free and confidential supports available 24/7 throughout the province to help your mental and physical well-being such as the Saskatchewan 24/7 Hour Crisis Hotline or the Farm Stress Line.   
 
All of us at Conexus appreciate everything you do to ensure that agriculture remains one of Saskatchewan’s leading industries and allowing us the ability to offer unique solutions that fit your operation. We are here to work alongside you to achieve your goals!
 
Please call to book an appointment today with a Business Advisor: 1-800-667-7477.

Branch closures take effect end of day October 2, 2019

Banking is changing and on May 31, we announced to our members the decision to close nine of our branches to keep pace with our member’s ever-changing needs.
 
At the end of day on October 2, 2019, the following Conexus branches will be closed permanently:

  • Chamberlain
  • Cupar
  • Drake
  • Fifth Ave (Regina)
  • Middle Lake
  • Mossbank
  • Spy Hill
  • Wallace (Regina)
  • Young
Though these branches are closing, there are still a number of ways our members can connect with us including:

  • Visiting any Conexus Credit Union location across Saskatchewan;
  • Contacting our Member Contact Centre at 1-800-667-7477, open 7 days a week; and
  • Access your banking through our online or mobile banking apps.

September 27 - Conexus Giving $500,000 to CT Simulator Community Campaign for cancer care in Saskatchewan

We know cancer doesn't discriminate. People across our province, including our members, our employees and beyond are affected by this disease; and that's why we give.

On behalf of Conexus and our members, we’re proud to announce our support for cancer care in Saskatchewan with a $500,000 contribution to the Cancer Foundation of Saskatchewan's province-wide, CT Simulator Community Campaign. This community investment partnership will enhance patient care for every cancer patient who receives radiation therapy in Saskatchewan. The campaign is aimed at fundraising $3 million to replace the Saskatchewan Cancer Agency's two CT Simulators for radiation therapy at the Allan Blair Cancer Centre in Regina and the Saskatoon Cancer Centre.

Investing in basic human needs, such as critical health care services, is foundational to Conexus' purpose of improving the financial well-being of our members and our communities.

Visit cancerfoundationsask.ca to learn more about the CT Simulator Community Campaign.


Update on September 8 ATM and Point of Sale issue

On September 8, our integrated payments service provider experienced a power distribution system failure which affected all of its payment processing services, including debit card payments and ATM transactions. This not only impacted our members but many Canadians, as a number of financial institutions were affected by this power failure. We can confirm that your information was never at risk and this service disruption was not due to weather or cyber-attack.
 
We hear you and recognize the significant inconvenience this caused our members, as well as local businesses during this outage. We thank you for your patience as we worked with our partners to restore services. All services are now restored but if you are still experiencing technical issues related to your debit card, please contact our Member Contact Centre at 1(800)667-7477.

Conexus Service Delivery Changes

Banking is changing rapidly. More than ever our members are more mobile, accessing our services much more differently than they have in the past, using more digital services and using much less cash. As a co-operative, we must be responsible to our members on how we invest their credit union’s resources. This includes investing in our people and digital channels, not just physical locations to align with our members’ ever-changing needs and habits.

While recognizing your changing needs, and following an ongoing review of our service delivery channels, we’ve made the decision to close nine of our branches. Our branches in Chamberlain, Cupar, Drake, Middle Lake, Mossbank, Spy Hill, Young and Regina (Fifth Avenue Branch and Wallace Branch) will close at the end of the business day on October 2, 2019.

Decisions on branch closures are difficult. While respecting our past, we must build a future that allows us to best serve our members by offering flexibility in our delivery of service and that aligns with our members’ ever-changing needs. No longer is banking a place to go, but something we do, regardless of location. We’re more focused than ever on our purpose of improving the financial well-being of our members, and we know that it’s the financial advice we provide that makes the most meaningful impact for you. We’ll continue to proactively provide the advice and solutions you need and we’ll do that where and when you need us to, not just in our branches. 

We understand that you may have questions and will be hosting information sessions the week of June 10-13, providing you with the opportunity to learn more about the decision and ask any questions you may have.  The information session dates and times are as follows:

June 10:

Mossbank – 7:30 PM at the Mossbank Community Centre

Middle Lake – 7:30 PM at the Middle Lake Multiplex

June 11:

Drake – 7:30 PM at the Drake Community Centre

Fifth Avenue Branch & Wallace Branch, Regina – 7:30 PM at the Mamaweyatitan Centre,

Multi-purpose room West

June 12:

Cupar – 7:30 PM at the Cupar Town Hall

Young – 7:30 PM at the Young Community Town Hall

June 13:

Spy Hill – 7:30 PM at the Spy Hill Community Hall

Chamberlain – 7:30 PM at Chamberlain Town Hall

We recognize this is a change for our members in these communities, which can be uncomfortable. We will continue to be your financial partner, regardless of location, and will walk alongside you to make this transition as seamless as possible for you.

In addition to attending the information sessions, we encourage you to visit your branch to discuss your individual needs with our employees. They will work with you to understand your needs and identify solutions to best meet these needs. 

We will also continue to support the communities of our members, regardless of having a physical branch location. We’re committed to the cooperative principle of returning profits to the community and is a promise we intend to hold with our members and communities. To learn more about our Community Investment Program, visit https://www.conexus.ca/AboutConexus/Community/Sponsorship/.


Members pass bylaw amendement

The votes are in and Conexus members have approved changes to our bylaws that will make our election process more consistent and inclusive. The changes were approved by 87% of voting members. The vote ran from April 16 – April 23. Thank you to everyone who voted to help shape the future of Conexus!  

This approval means that starting in 2020:

  • All eligible members will participate in the electoral process every year (as candidates or voters) regardless of where they live.
  • Quorum will increase to 25 from 15 members.
  • Time allowed to vote on fundamental changes will increase to 21 days from 14 days (if needed).
  • Members will have the option to vote for up to as many candidates (rather than required) as there are openings.  
The Nominations Committee will also begin recommending candidates to align with the competencies and diversity the board is seeking. By removing the district structure and allowing members to vote for all members of the board, the changes give members greater influence in the democratic process. Under our current structure, you can only run for the board or vote when there’s an opening in your district.  

Members can read about the changes in more detail at our Bylaw Amendment page.  

Your votes doing good – Conexus donated $1 for each vote to the Saskatchewan Financial Literacy Network. Added to the money pledged for each director election vote and AGM participant, this brings our total donation to $5,000.

 

Fraud Alerts

Educate yourself about current fraud attempts and how to protect yourself.