Alterna Savings


Alterna Savings and Credit Union Limited (Alterna) has been the Good in Banking for 111 years! In 1908, a small group of civil servants, with the help of credit union pioneer Alphonse Desjardins, created a credit union to offer members loans at favourable rates, during a period when many moneylenders were charging over 250 percent interest rates. Alterna has since grown from its humble beginnings to be the second-largest credit union in Ontario, and one of the Top 10 in Canada, with over $8 billion in assets under management and more than 167,000 members and a network of 35 branches across Ontario. The impressive growth throughout the years stems not only from merging with other credit unions but also from significantly gaining new retail, business, and not-for-profit members as people recognize Alterna’s philosophy of putting members first. Known for its fast-paced environment, Alterna is viewed as a trailblazer in the industry. Led by a CEO with a passion for innovation, Alterna was the first credit union to introduce a digital bank and the first to offer a fully digital end-to-end mortgage through its wholly-owned subsidiary, Alterna Bank. Alterna is also a leader in the cannabis industry. It was the first financial institution to provide services to cannabis producers in Canada. Alterna is proud of its long history of helping communities thrive. It shared its success in 2018 by donating more than $1 million to the community and, in partnership with employees, contributed 11,300 volunteer hours. Its flagship Community Micro Finance Program also helps underrepresented groups. Since inception, the program has disbursed more than $5 million in impact loans and helped change the lives of more than 1,000 participants and their families. With a workforce of more than 600 employees, Alterna is honoured to be the recipient of prestigious employer awards, including the National Capital Region’s Top Employers and Aon’s Best Employers (Platinum level) awards.


Financial Services


Personal & commercial banking Mortgages & loans Small Business, Community & non-profit organization support Wealth management Micro-finance Financial literacy & member education

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Raj Kapoor Aop Cmc
Vice Chair Board Of Directors at Alterna Savings
Frank Grigg
Vice-President & Chief Internal Auditor at Alterna Savings
Trevor Yhap
Project Manager at Alterna Savings
Abdollah Dehnashi
VP, Information Technology & Security at Alterna Savings
John Schwarz
Director, Business Management Office at Alterna Savings
Stephane Pleau
VP Operations, Alterna Bank at Alterna Savings
Eric Goss Cpca Riac
Personal Banking Advisor and Mutual Funds Representative at Qtrade Asset Management Inc. at Alterna Savings

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