TORONTO, October 18, 2023 - Alterna is excited to announce the launch of fully digital personal loans, in partnership with Fig Financial Inc. (“Fig”). Alterna members now have the option to apply for a loan offer from the comfort of their own home. Fig's fully digital lending platform makes it easy for Alterna members to see the loan rate, amount, and term they are eligible for right in Alterna's online banking platform on their personal devices.

"We are thrilled to offer our members a seamless, convenient, hassle-free digital personal loan experience through our partnership with Fig," says Rob Patterson, President and CEO of Alterna Savings. "We remain unwavering in our commitment to make banking simple, quick and accessible while striving to provide exceptional service for all our members.”

Fig launched in 2023 and partnered with several financial institutions and service providers in Canada, marking its first credit union partnership with the Alterna collaboration. "We're excited to partner with Alterna Savings Credit Union and bring the benefits of our platform to their members. Our mission at Fig is to provide Canadians with the best digital borrowing experience possible, and we're proud to partner with Alterna to achieve that goal," adds Francois Côté, CEO at Fig.

About Alterna Savings
Alterna Savings and Credit Union Limited (Alterna) has been the good in banking® for 115 years. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly-owned subsidiary, Alterna Bank. Together, they have over $10 Billion in assets under management.

As the first full-service, member-owned cooperative financial institution outside Quebec, Alterna Savings shares its expertise with over 210,000 members through a network of 43 branches across Ontario, as well as call centre and digital channels. Members and customers also benefit from an industry-leading online brokerage, investment management services, and have access to over 43,000 surcharge-free ATMs in North America with THE EXCHANGE Network in Canada and the Allpoint Network in the US.

Alterna Savings & Credit Union Limited operates as Alterna Savings. Alterna Savings is a credit union operating in Ontario. For information on deposit insurance, please ask for a brochure at the credit union or visit the FSRA's website at www.fsrao.ca/.

About Fig
Fig is an innovative digital lender dedicated to simplifying the borrowing process for people across Canada. With a user-friendly online platform, loan applications and approvals can be finished in just a few minutes, making the lending experience more efficient and accessible for Canadians. Supported by the reputable Fairstone Bank, Fig is in a unique position to blend the benefits of extensive lending experience with the agility of a start-up. This combination allows the company to effectively meet the credit needs of Canadians from various financial backgrounds. More at fig.ca.

Media Contacts:

Alterna Savings
Kim Moseley – VP Product, Marketing and Communications
Alterna Savings | Alterna Bank
E: kim.moseley@alterna.ca 

Fig Financial Inc.
Francois Côté
Chief Executive Officer
media@fig.ca