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?

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

Insurable deposits covered by the Deposit Insurance Corporation of Ontario. At Alterna Savings Credit Union, insurable non-registered deposits are covered up to $250,000. Insurable deposits in registered accounts have unlimited deposit coverage. For further information on deposit insurance, please ask for a brochure at the credit union or visit DICO’s website at

Learn more about Alterna Savings