Three of the province’s Credit Unions are contemplating a merger.

A news release issued Wednesday says Conexus, Cornerstone and Synergy Credit Unions are exploring the possibility. The exploration phase will mean exercising due diligence to develop a comprehensive business case. If approved the merger will be recommended to the members who the three Credit Unions say, will have the final say.

Celina Philpot, CEO, Conexus Credit Union said, “Through partnership, we can achieve efficiencies that benefit our members, employees, and the communities we proudly serve.”

You can view the news release in its entirety here.