Conexus Credit Uniorn has sold their insurance subsidiary to Regina based Knight Archer Insurance.

There are Conexus Insurance offices in Humboldt, Muenster and Lake Lenore.

One reason behind the sale is the banking co-op wants to focus more on delivering financial services.

"Our original intent was to fully integrate general insurance into our core financial service offering. That hasn't been possible under the current regulatory environment, which isn't likely to change any time soon," Conexus Credit Union Chief Operating Officer and Conexus Insurance CEO Cary Ransome stated in a news release Wednesday.

Insurance policies currently in place for customers will not be effected plus all 40 employees will be offered positions with Knight Archer.

Ransome said that was a crucial factor in the sale. The deal will be finalized on September 5th.