Becoming a Member


Alterna Savings is a credit union that offers a full range of financial products and services, all with a commitment to support the well-being of our members, employees and communities.

What makes Alterna Savings different?

We provide great service because our staff get to know you. We are committed to providing unbiased advice and solutions to meet your needs.

Everything we do is to improve your financial well-being. We reinvest our profits into competitive rates and service innovations.

We build communities through volunteer work, mentoring, innovative financing and support for local interests and sports.

Member Benefits

Ownership – As a member, you vote for your board of Directors and changes to by-laws giving you a voice in the future of your cooperative

  • $15 Membership share required
  • All members have an equal voice
  • Any Ontario resident can become a member

Guaranteed Deposits – Your deposits are insured by the Financial Services Regulatory Authority of Ontario (FSRA)

Bank anywhere, anytime – Manage your finances with the ease and convenience of online and mobile banking

Surcharge-free ATMs – You have access to over 3,600 surcharge-free ATMs across Canada and 40,000 in the US

Experience easy, more personal banking.  

Whether you have a little money or a lot, we can always help you find a smarter way to make your money work for you. 

Simply Chequing Account

Our convenient chequing account has a great choice of banking packages to fit your needs along with:

  • Easy access with online and mobile app banking
  • Convenient cheque deposit using your smartphone or tablet with our mobile app
  • Debit card to pay for purchases or to withdraw cash
  • Surcharge-free access to over 3,300 ATMs in THE EXCHANGE® Network
  • Safe and secure – eligible deposits are insured up to the maximum amount through the Financial Services Regulatory Authority of Ontario, FSRA, fsrao.ca


Investment Savings Account

A high interest savings account that is a good place to park money before making a major investment decision, or for a "rainy day".

  • No minimum balance required – start saving right away
  • Easy access with online, mobile app and telephone banking
  • One free debit transaction per month
  • Interest is calculated daily and paid monthly
  • Safe and secure – eligible deposits are insured up to the maximum amount through the Financial Services Regulatory Authority of Ontario, FSRA, fsrao.ca





Ways to Bank

You have a number of ways to conveniently and securely bank with us.