Alterna Savings Members Awarded Twenty Ontario Credit Union Foundation Grants

Toronto, ON – October 12, 2023– Alterna Savings is delighted to congratulate all 87 recipients of the 2023 Ontario Credit Union Foundation's (OCUF) CU Succeed Youth Bursary. Twenty young members of Alterna Savings are recipients of bursaries this year, with a collective award of $25,000. This is the largest contingent of Alterna members ever to have been named recipients of this scholarship and Alterna is proud to celebrate the achievements of these engaged and passionate young community leaders.

The OCUF bursary is awarded annually to students who demonstrate community leadership and engagement and need financial assistance to pursue post-secondary training and education. Student submissions are assessed by a 9-member review panel and measured on community involvement, personal circumstances, letters of reference, and the quality of their compelling essay or video submission.

CU Succeed Youth Bursary amounts range from $1,000 to $3,000, with a total of $100,000 awarded in 2023.

"We at Alterna take great pride in championing students through initiatives like OCUF's CU Succeed Youth Bursary. The recipients of this year's awards have shown remarkable determination and dedication in the pursuit of their aspirations while also actively contributing to their communities as dynamic young leaders," says Frugina Ball, Alterna's Region Head of Member Experience in the Greater Toronto Area and OCUF Vice Chair. "We are truly thrilled to recognize this diverse cohort of students and commend their meaningful impact on their communities as they forge ahead in their educational journeys."

For more information about OCUF and a complete list of CU Succeed Youth Bursary recipients, please visit

About Alterna Savings
Alterna Savings and Credit Union Limited (Alterna) has been the good in banking™ for over 115 years. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly-owned subsidiary, Alterna Bank.

As the first full-service, member-owned cooperative financial institution outside Quebec, Alterna Savings shares its expertise with over 200,000 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 and 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

Media Contact:
Kim Moseley – VP Product, Marketing and Communications
Alterna Savings | Alterna Bank

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