Lashburn's Trevor Beaton will head up Synergy Credit Union as its new CEO starting Jan. 1, 2025.
His selection comes as Synergy is exploring a potential merger with Conexus Credit Union and Cornerstone Credit Union in Saskatchewan.
“On behalf of the board, we are thrilled to welcome Trevor as Synergy's new leader,” said Neil Carruthers, chair of Synergy’s board of directors on Nov. 28.
“As we navigate this pivotal time and explore the province-wide Together for a Thriving Saskatchewan partnership with Conexus and Cornerstone Credit Unions, Trevor's strategic vision and dedication to community engagement will be instrumental in creating meaningful opportunities for our members, employees, and communities.”
Beaton brings to the job more than 26 years of credit union experience and a proven record of leadership in transformational strategies, promoting workplace wellness, and driving growth initiatives.
Most recently, he served as Synergy’s chief innovation and people officer, where he advanced digital banking initiatives and championed employee well-being and member engagement initiatives.
“I am deeply honoured to lead Synergy Credit Union at this transformational moment," said Beaton.
"Building on Synergy’s solid foundation, I look forward to collaborating with our talented team to enhance member value, embrace innovation, and strengthen our communities. Together, we will continue shaping a prosperous future for our members.”
Synergy says the potential merger represents a unique opportunity to drive innovation and sustainability going forward.
"Together, we will be better positioned to tackle competitive and regulatory pressures, ensuring a prosperous future for generations to come,” stated Carruthers.
The exploration phase involves rigorous due diligence to develop a comprehensive business case, validating the expected benefits across all functions of the credit unions.
If approved, the merger will be recommended to the members, who will have the final say in shaping the future of their credit union.
“Our members are at the core of everything we do," said outgoing CEO Glenn Stang on the merger.
Stang is retiring after 12 years of helping Synergy to grow to $2.8 billion in assets and achieving significant milestones in member satisfaction.
“It has been an incredible privilege to serve as Synergy’s CEO," he said.
"I am confident that Trevor’s leadership will inspire continued success and bring new opportunities for our credit union and its members.”
Synergy says Beaton's history of community engagement, including advocacy for Truth and Reconciliation strategies and fostering partnerships with fin tech innovators, underscores Synergy’s commitment to adapting and thriving to serve its members today and in the future.
Beaton is also known for being a strong advocate for staff wellness and fostering a workplace culture recognized as one of Saskatchewan’s Top Employers for seven consecutive years.
He has bachelor of commerce degree, a master of business administration from Royal Roads University, and a professional directors designation.
Read more: Synergy considers merger
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