🏛️ Credit Union · Saskatchewan

Conexus Credit Union Review 2026

Saskatchewan's largest credit union — $9B assets, competitive rates, and 100% CUDIC deposit insurance.

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About Conexus Credit Union

Conexus Credit Union is Saskatchewan's largest credit union by assets, with over $9 billion in assets and 140,000+ members. It was formed in 2008 through the merger of Credit Union Central Saskatchewan and multiple regional credit unions. Today, Conexus offers the broadest Saskatchewan credit union branch network alongside strong digital banking.

For Saskatchewanians who want the features of a big bank with the values of a co-operative, Conexus is typically the top recommendation. Its digital banking infrastructure rivals that of national banks, while rates and fees remain favourable to members.

Conexus Products & Rates (2026)

Product	Rate / Fee
Basic Chequing	$0–$8/month
Unlimited Chequing	$8–$12/month
TFSA Savings	Up to 4.3%
RRSP GIC (1-year)	Up to 4.8%
5-Year Fixed Mortgage	~5.24%
Agricultural Loans	Flexible, competitive
Business Chequing	$15–$25/month

Conexus vs Big Banks in Saskatchewan

Feature	Conexus	TD Saskatchewan	RBC Saskatchewan
Monthly fee (unlimited)	$8–$12	$29.95	$16.95
TFSA rate	4.3%	0.01%	0.01%
Deposit insurance	100% unlimited (CUDIC)	$100K/cat (CDIC)	$100K/cat (CDIC)
Local decision-making	Yes	No	No
Profit returned to members	Yes	No (shareholders)	No (shareholders)

Saskatchewan CUDIC Deposit Insurance

Deposit Insurance (CUDIC): Credit union deposits are protected by provincial deposit insurance — not CDIC. Saskatchewan CUDIC covers 100% of deposits with no dollar limit. Manitoba DGCM covers 100% unlimited. Ontario FSRA covers 100% unlimited. BC CUCC covers 100% unlimited. Alberta DGCM covers 100% unlimited. This generally exceeds CDIC's $100,000 per-category cap at Schedule I banks.

Pros & Cons

Pros

Saskatchewan's largest credit union — broadest branch/ATM network
100% CUDIC deposit insurance, no dollar limit
Strong digital banking app (top-rated among SK credit unions)
Competitive TFSA and mortgage rates
Proven agricultural and commercial lending
Member dividends in strong years

Cons

Saskatchewan-only — no national banking
Unlimited chequing not free (starts at $8/month)
Customer service quality varies by branch

Is Conexus the biggest credit union in Saskatchewan?

Yes. Conexus is Saskatchewan's largest credit union with over $9 billion in assets and 140,000+ members, ahead of Affinity and Innovation.

Does Conexus have a free chequing account?

Conexus's basic plan starts at $0 but has transaction limits. For unlimited transactions, expect $8–$12/month — still significantly below TD's $29.95 or Scotiabank's comparable plans.

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