TORONTO, ON – (July 4, 2023) –Alterna Savings is thrilled to open the doors to 15 new branch locations for all its members. This follows the successful integration of Quinte First and PACE Credit Unions with Alterna Savings.

"We are thrilled to welcome members from Quinte First and PACE Credit Unions to Alterna Savings" says Rob Paterson, President and CEO of Alterna Savings. "Our long history of successful integrations demonstrates the depth of experience of the team at Alterna, and our ongoing commitment to our members. We look forward to welcoming another merger partner, Member Savings Credit Union, to our network and services later this year."

The impact of this change on former Quinte First and PACE members is overwhelmingly positive with members gaining access to the full suite of Alterna Savings products and services, a bilingual Contact Centre open seven days a week, a new state-of-the-art mobile and online banking experience and industry-leading online brokerage and investment services with Alterna Wealth.

Alterna now boasts 46 locations across Ontario, providing unprecedented access across Ontario for their 217,000 members. They continue to grow their footprint, having blazed a trail to merge eight credit unions with Alterna Savings in just over nine years. The most recent integration of Quinte First and PACE Credit Unions is the largest of these projects to date and demonstrates Alterna's agility and resilience as a proven merger partner.

Alterna Savings Successful Conversion History

2014
Ottawa Women's Credit Union

2018
Peterborough Community Credit Union
Nexus Credit Union

2020
Toronto Municipal Employees Credit Union
City Savings & Credit Union

2023
Quinte First Credit Union
PACE Credit Union

Coming Soon!
Member Savings Credit Union

Alterna Savings continues to be a leader in the credit union space through investment in new technology, a strong commitment to cooperative values and industry-leading programs and services. They have also been recognized as one of the National Capital Region's Top Employers for seven years in a row and are one of the Top 10 Credit Unions in Canada.

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 217,000 members through a network of 46 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.

Media Contact:
LeeAnn Acton – Director, Communications Alterna Savings | Alterna Bank
E: leeann.acton@alterna.ca