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Alterna Savings information


Alterna Savings and Credit Union Limited
Trade name
Alterna Savings
Company typeCredit Union
IndustryFinancial services
FoundedSeptember 3, 1908; 115 years ago (1908-09-03) (as the Civil Service Savings and Loan Society) in Ottawa, Ontario, Canada
Key people
Rob Paterson, President & CEO
ProductsSavings; chequing; consumer loans; mortgages; credit cards; online banking
AUMC$10 billion (2023)
Members217,000 (2023)
Number of employees
800
SubsidiariesAlterna Bank
Websitewww.alterna.ca Edit this at Wikidata

Alterna Savings and Credit Union Limited, commonly called Alterna Savings (French: Caisse Alterna), is a credit union based in Ottawa, Ontario, Canada. In addition to its credit union branches in Ontario, it also operates across Canada through its direct banking subsidiary Alterna Bank.

Established as the Civil Service Savings and Loan Society, it was the first Canadian approach to cooperative banking outside Quebec. Alterna Bank, launched in 2000, was one of Canada's first financial institutions to operate primarily through digital access. The parent organization adopted the Alterna name on merging with Toronto's Metro Credit Union in 2005. It is the second-largest credit union in Ontario, with C$10 billion in assets under management, over 217,000 members, and 41 branches.[1]

  1. ^ Alterna Savings (28 Aug 2022). "City Savings is now Alterna Savings and Credit Union Limited". Retrieved 28 Aug 2022.

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