July 28, 2014 3:07 AM ET

Diversified Financial Services

Company Overview of Alterna Savings & Credit Union Ltd.

Company Overview

Alterna Savings & Credit Union Ltd. operates as a credit union. It offers chequing accounts, savings accounts, investment savings accounts, and U.S. chequing account; mortgage loans, personal loans, lines of credit, and credit cards; term deposits, RRSPs, RRIFs, tax-free savings accounts, special shares, and RESPs; and estate planning and insurance protection, payment protection, home insurance, auto and travel insurance, and credit insurance services. The company also provides business chequing and savings accounts; mortgages, loans, and credit cards; commercial services and card payment processing services; group savings, cash management, term deposits, mutual funds, investment planning, a...

400 Albert Street

Ottawa, ON K1R 5B2


Founded in 1908





Key Executives for Alterna Savings & Credit Union Ltd.

Chief Executive Officer of Alterna Financial Group and President of Alterna Financial Group
Chief Marketing Officer and Vice President
Compensation as of Fiscal Year 2014.

Alterna Savings & Credit Union Ltd. Key Developments

Alterna Savings Announces Opening of Westboro Branch and New Head Office in 2015

Alterna Savings announced that it has broken ground at its Westboro branch and new head office location. "Place Alterna" will be located at 319 McRae Avenue in the heart of Westboro Village, one of Ottawa's most vibrant neighbourhoods, and is scheduled to open in 2015. This is Alterna's third new Ottawa branch announcement in the last 12 months.

Ottawa Women's Credit Union and Alterna Savings Announce Partnership

Alterna Savings and Ottawa Women's Credit Union have announced that they are joining forces. This partnership will benefit members of both credit unions. Ottawa Women's Credit Union (OWCU) members will be able to take advantage of increased products and services, as well as more access points through Alterna's 23 branch network, 8 of which are located in Ottawa. Alterna Savings' members will benefit from a new branch on Bank Street in the heart of Ottawa's vibrant Centretown community.

Alterna Financial Group Appoints Robert Paterson as President & CEO, Effective May 6, 2013

The Board of Directors of Alterna Savings announced the appointment of Robert Paterson as President and Chief Executive Officer of Alterna Financial Group - consisting of Alterna Savings and Alterna Bank. Mr. Paterson brings more than 20 years of relevant industry experience to his role, most recently serving as Executive Vice President of Consumer and Affinity at Aon. Mr. Paterson will assume the role effective May 6, 2013. Robert Paterson has extensive leadership and consulting experience within the financial services industry and has led transformative business strategies at institutions such as CIBC, JP Morgan Chase, McKinsey & Co and Aon.

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