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Join Our Board of Directors

Alterna Savings has been serving its members for over a century and our roots run deep as a financial co-operative. Our mission is to help our members achieve financial well-being, and to help support the well-being of our communities. 

An effective Board of Directors is an important part of our success. This year, two seats are up for election. 

If you’re interested in learning more about joining our Board of Directors, here’s how.


Espresso Rates are short-term investments with really strong returns.

With terms of 88-days up to 31 months you get more out of your savings on a short-term commitment.


1.75% 88-Day Term Deposit

1.95% 17-Month Term Deposit

2.15% 31-Month Term Deposit

Call or visit your branch and ask about our ESPRESSO RATES.

Special promotional rate subject to change without notice. Rate shown for annual interest. Non-Registered, RSP, TFSA and RIF eligible. Promotional period Sept 5, 2017 to February 28, 2018.

For 88-day and 111-day terms: Available for new deposits or registered contributions which can include existing funds on deposit.
New deposits are any source of funds that’s not currently held at Alterna. Deposit must be made on or after September 5, 2017 (the Promotional Start Date) to qualify. Funds cannot be withdrawn and re-deposited nor can they be transferred from an existing deposit account to another. Only new deposits that raise a member’s overall deposit balance with Alterna from what it was on the Promotional Start Date will be considered for promotional rates.

Simple interest calculated on the principal amount for the number of days in the term deposit and paid at maturity (principal x rate x number of days / 365 days). Available to personal accounts only.

For 17- and 31-month terms: Annual compound interest paid monthly or annually. Product minimum $500. Existing funds and new money eligible.

Alterna Savings and Credit Union Limited operates as Alterna Savings.

Alterna Savings is a member of Deposit Insurance Corporation of Ontario (DICO)

It's Official!

Nexus Community Savings is now a division of Alterna Savings. See the Media Release for more information.

Nexus members vote overwhelmingly in favour of joining Alterna.

At a Special General Meeting held on November 9th, 2016, Nexus Community Credit Union members voted overwhelmingly in favour of joining with Alterna Savings. Read the full Media Release here.
*Mutual funds are offered through Credential Asset Management Inc.

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