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Alterna Savings and Tandia Financial Credit Union have applied to the Financial Services Regulatory Authority of Ontario (FSRA) to merge. Keep an eye on this site for the latest news and updates.

 

Together We Grow: Building a Stronger Future

At Alterna Savings and Tandia Financial Credit Union, we're excited to share our vision for the future. We’ve applied for regulatory approval from FSRA and if received, we'll be bringing together two member-focused credit unions to create something extraordinary—a stronger, more innovative financial partner dedicated to serving you better.

 

Why we are Proposing to Merge

 

Enhanced Innovation:
Increased investment in technology to make your banking experience simpler, faster, and more convenient and responsive to your needs.

Greater Convenience:
Future access to an expanded network of branches across Ontario and the scale to invest in further digital banking services and enhancements.

Stronger Impact:
By combining resources, we can increase funding for community projects, allowing us to make a bigger impact in our neighbourhoods.

Continued Strength:
Through this merger we'll become a stronger, more resilient credit union dedicated to supporting your long-term growth and financial success.

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What this Means for You


Enhanced Branch Network 

  • Access to over 45 branches across Ontario, plus a Virtual Branch

  • Locations spanning Southern Ontario, Northwestern Ontario, and Eastern Ontario

  • Specialized wealth management and advisory centres

 

Stronger Financial Foundation

  • Combined assets under administration of $13.2 billion

  • Enhanced lending capabilities for mortgages and business growth

  • Greater investment in technology and service improvements

  • Increased ability to offer competitive rates and products

 

Specialized Expertise 

  • Deep understanding of public service and education sector needs

  • Extended team of financial specialists

  • Expanded wealth management services

  • Personalized advisory support for all life stages

 

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A Message from the Board Chairs

The financial landscape is constantly evolving, driven by technology, shifting member expectations, and regulatory change. In this dynamic environment, credit unions across Canada are increasingly exploring mergers as a strategic way to stay agile, innovative, and focused on delivering greater value. The proposed merger between Alterna Savings and Credit Union Limited (Alterna Savings) and Tandia Financial Credit Union Limited (Tandia) which is subject to regulatory approval, is part of this broader trend—aimed at better serving the changing needs of our members and communities.

Further to our announcements at our respective Annual General Meetings, we are pleased to share that the Board of Directors at Alterna Savings and Tandia are proposing to come together to form a stronger, combined organization that keeps your needs at the forefront of all we do. With deep roots in serving teachers, education professionals, and public servants, this partnership brings together two credit unions that understand and value the unique needs of those who dedicate their lives to public service. By bringing together our collective strengths, we aim to deliver greater value, broader branch access, and an expanded range of services, to the benefit of all members. 

A Message from the Board Chairs

Bianca Garofalo
Chair of the Board
Alterna Savings and Credit Union Limited.

 

Bruce Neville
Chair of the Board
Tandia Financial Credit Union Limited.

 

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Stay Connected with Our Progress

We're committed to keeping you informed every step of the way as we work toward bringing together our credit unions. This website will be regularly updated with the latest information about the proposed merger between Alterna Savings and Tandia.

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About the Credit Unions


 

Alterna Savings

Delivering The Good in Banking® for over 115 years, Alterna Savings - the first full-service, member-owned co-operative outside Quebec - serves over 204,700  members. Members benefit from comprehensive investment services, dedicated wealth advice centres and access to over 42,000 surcharge-free ATMs across North America.

Learn More

Tandia Financial Credit Union

For 85+ years, Tandia Financial Credit Union has championed the financial well-being of 26,000+ members across Hamilton, Brant, and Halton, rooted in education and government expertise. Our heritage drives innovative, personalized strategies that strengthen individual futures and our shared communities.

Learn More

Together We Grow

Creating new opportunities for our members, communities, and employees to thrive and succeed.

We understand you may have questions, and we’re here to provide answers.

Email Alterna Savings
Alterna Savings: 1.877.560.0100
Email Tandia
Tandia: 1.800.598.2891, #3