This is ridiculous.
CIC will commit up to $60 million to the Fund over seven years. A group of Saskatchewan credit unions and other partners will commit up to $40 million over the same period. The group includes Conexus Credit Union, Cornerstone Credit Union and Innovation Credit Union (formerly BCU Financial and Southwest Credit Union).
“The Apex Investment Fund will act as a mechanism to improve development and investment in Saskatchewan communities,” Conexus Credit Union board president Dennis Anderson said. “It provides the opportunity for both small and medium-sized Saskatchewan businesses operating in key sectors of our economy to be successful.”