Rural communities are not happy with the news that Conexus Credit Union will be closing nine branches across Saskatchewan this fall.
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Branches closing are Chamberlain, Cupar, Drake, Middle Lake, Mossbank, Spy Hill, Young and Regina’s Fifth Avenue and Wallace branches.
Cupar Mayor Steve Boha says he and the community are very disappointed in this decision. “It’s a real slap in the face from a financial institution that we have relied on and supported. I’m really disappointed.”
Conexus says one part of this decision is that over 90 percent of their clients transactions are now done outside of the confines of one of their branches.
“We have about 50 percent of our population is seniors and in a lot of cases don’t even own a smart phone,” says Boha. “I’m not really sure where they are getting these figures.”
He adds this may be the case in Regina, but in rural Saskatchewan it is not.
Council is now looking at what it’s options are moving forward. “Seeing if it’s possible to get another financial institution interested in providing the service that we are going to be missing.”
Boha adds that he doesn’t believe Conexus really knows the people it serves and this is very disappointing.