Alterna Savings

Alterna Savings and Credit Union Limited, established in 1908, is a member-owned financial co-operative and the first full-service credit union outside Quebec. With $10 billion in assets, it ranks as Canada’s 9th largest credit union. Alterna serves over 186,000 members through 36 branches in Ontario, digital platforms, and partner networks. Alterna offers a range of services, including retail banking with savings accounts, loans, and mortgages. It pioneered Canada’s first credit union micro-loan program to support underserved entrepreneurs. Alterna Bank, its wholly-owned subsidiary, provides fully digital banking services and mortgages nationwide. The organization is also recognized for its commitment to the cannabis industry, being the first Canadian financial institution to serve marijuana-related businesses. As a co-operative, Alterna reinvests profits into member services and community initiatives. It emphasizes financial inclusion and innovation, with access to over 43,000 surcharge-free ATMs in North America. Alterna has received awards for its workplace culture and continues to support community efforts through various sponsorships.