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.

Set up your account online!

There are three easy ways to apply.

Apply Online

Open online in minutes.

Call Us Directly

We can easily help you over the phone.

Find A Branch Near You

Our interactive map will help you finds us.

A little bit about Alterna Savings

What makes Alterna Savings different?

At Alterna Savings, we offer all the same products and services you’d expect from your financial institution. It’s what makes us different than a “big bank” that sets us apart as the better choice:

  • Our interest rates are often best-in-market 
  • Owned by our members
  • Profits are reinvested in our members and the community
  • We offer exceptional, personalized service
  • You get honest advice from experts who truly care
  • We will support you through changes to your financial situation

What does it mean to be a member of a credit union?

We get asked that question, a lot!

 Here are just a few aspects of membership at Alterna Savings:

  • Credit union members own the credit union and can make decisions about how it operates 
  • When you open your account, you purchase one “membership share” for $15 which you’ll get back if you ever leave us 
  • You have a say in the way Alterna Savings operates, such as voting for the Board of Directors and changes to the by-laws
  • Each member gets one vote; votes are not allotted depending on how much you keep at the credit union
  • All members have an equal voice
  • Anyone can become a member! 

Your Deposits Are Guaranteed

As an Alterna Savings member, your deposits are protected up to $250,000 through the Deposit Insurance Corporation of Ontario (DICO). This insurance is part of an overall protection program for all Ontario credit unions and is backed by provincial legislation. Subject to coverage limits, eligible deposits held with DICO member institutions are automatically insured—which means you do not have to apply for coverage.

Learn more about Alterna Savings