Alterna Savings

Alterna Savings



Alterna Savings and Credit Union Ltd is a member owned Credit Union with more than 100 years of putting people and community first. We provide what larger financial institutions don’t – unique products and services designed specifically for housing co-ops. Alterna is the financial institution of choice for a growing number of housing co-operatives in Ontario.


  • Chequing account that pays Daily Interest at 0.05% over our Business Investment Savings Account Rate
  • Term Deposits earn a 0.25% bonus over the regular rates
  • View statements at any time through online banking
  • No fee for charge-backs – if a member’s check is returned, the co-op is not charged
  • Full range of investment options and advice
  • Credit products, including corporate credit cards, loans, mortgages and lines of credit
  • Special rates for your members for their personal banking
  • Not close to a branch? Talk to us about our deposit courier service


Great Rates and Reduced Fees

Financial Services that Understand Housing Cooperatives


Alia Abaya 416 213-7900 extension 7606


The Ontario co-op housing federations stand behind the Co-op Cost Cutters Program. By using the program, you strengthen co-op buying power.