Alterna Savings
Alterna Savings and Credit Union Ltd. is a member-owned credit union with more than 100 years’ experience in putting people and community first. Alterna provides what larger financial institutions don’t – unique products and services designed specifically for non-profit housing providers.

Services offered

Your day-to-day essentials, at cost-saving rates

  • Operating, savings and investment accounts
  • Online banking and electronic payment solutions
  • Corporate credit cards
  • Mortgages, lines of credit and other loan financing

Personalized account management

  • Work with a dedicated account manager who understands the unique needs of non-profit housing providers
  • Access specialized expertise and support from Alterna’s Community Accounts Team, which is 100% dedicated to meeting the needs of non-profit members

Swift signing authority changes

  • We pride ourselves on ensuring that changing signing authorities is as quick and efficient as possible. If you can’t come to us, we will do our best to come to you.

Areas serviced

Alterna Savings has branch locations in Bolton, Brampton, Mississauga, Etobicoke, Toronto, North York, Scarborough, Kingston, North Bay, Pembroke, Ottawa, Nepean, Westboro and Orleans. Our deposit courier service may allow us to serve ONPHA members who are located at further distances from our branches.

What's the deal?

ONPHA members have exclusive access to:

  • A special 0.25% bonus rate on regular term deposits of one year or greater
  • A custom-designed CHIP Daily Interest Chequing Account package that features:
    • Daily interest that pays better than a typical savings account
    • Lower transaction fees
    • No monthly fees
    • No fees for chargebacks
    • Monthly statements or cheque imaging


Alia Abaya
Director, Community Impact and Member Experience
416-213-7900 x7606