rize album see alterna album . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2015 learn how and when to remove this template message alterna savings type credit union industry financial services founded 1908 ottawa ontario headquarters ottawa key people rob paterson products savings ; checking ; consumer loans ; mortgages ; credit cards ; online banking number of employees 500 website www.alterna.ca alternasavings alterna savings & credit union ltd. is a canadian credit union formed in 2005 by the merger of cs co op and metro credit union which provides full daily banking services loans and mortgages investment services and business banking . at the close of 2011 alterna savings had cn 2.3 billion in assets and approximately 103 000 members . it had 24 branches in ottawa kingston north bay pembroke and toronto . it also provides service across canada through its subsidiary alterna bank which has two branches in gatineau quebec . 1 contents 1 cs co op 2 metro credit union 3 ottawa women s credit union 4 history 5 memberships 6 references 7 external links cs co op edit the civil service savings and loan society launched in 1908 with the assistance of alphonse desjardins was the first credit union in canada outside quebec . federal civil servants were prompted by an article in their magazine the civilian when it reported on loan sharks charging civil servants up to 200 % for payday loans . after the government of ontario passed a credit union law in 1928 the ottawa based institution was re chartered as the civil service co operative credit society cs co op . although it has always been one of the largest credit unions in ontario it never joined credit union central of ontario . metro credit union edit metro cu was incorporated in august 1949 as the university of toronto employees credit union . over the years it absorbed a variety of smaller credit unions primarily ones that served universities colleges or hospitals . it became a community bond credit union open to all residents of toronto in 1994 . ottawa women s credit union edit the ottawa women s credit union was a canadian credit union formed in 1980 in ottawa ontario canada that provided financial products services and training based on the philosophy of women helping women to become financially autonomous . the credit union was founded by lynne markell aline akeson and dorothy o connell after they recognized that the best way to help low income women in the ottawa area was with a member owned financial co operative managed by and for women . on october 21 2013 the members of the ottawa women s credit union voted to merge with alterna savings . on october 31 2013 the ottawa women s credit union merged with alterna savings to form alterna savings centretown community branch . history edit cs co op and metro cu were active participants in the negotiations of 12 credit unions across the country for a national co operative bank in 1998 . though these negotiations were unsuccessful they opened a door for cs co op under the leadership of gary seveny to secure a bank charter for its subsidiary cs alterna bank alterna bank . the new bank was launched in october 2000 to offer service across canada . gary h. gillam a leader of the credit union until his death in 1993 shaped metro credit union s reputation as a pioneer in social responsibility . the credit union operates a microcredit fund for disadvantaged toronto entrepreneurs and was one of the first financial institutions in canada to perform regular social audits . memberships edit central 1 credit union interac the exchange mastercard cirrus network maestro debit card deposit insurance corporation of ontario co op network references edit notes cs alterna bank about us . alternabank.ca . retrieved 2015 12 27 . bibliography ron kenyon to the credit of the people the ontario credit union league ltd. 1976 . branch listing https www.alterna.ca toolsandcalculators findbranchatm branch show alterna s consolidated financial statements https www.alterna.ca aboutus governance corporatereports external links edit official website site of subsidiary alterna bank v t e banks and credit unions in canada banks big five bank of montreal canadian imperial bank of commerce president s choice financial royal bank of canada scotiabank tangerine toronto dominion bank td canada trust other banks amex bank of canada bridgewater bank business development bank of canada canadian tire financial services canadian western bank citibank canada citizens bank of canada equitable bank first nations bank of canada hsbc bank canada icici bank canada laurentian bank of canada manulife bank of canada meridian bank national bank of canada rogers bank versabank credit unions credit unions affinity credit union aldergrove credit union alterna savings assiniboine credit union blueshore financial central 1 credit union coast capital savings concentra financial conexus credit union credit union central of canada desjardins group envision financial first calgary financial first west credit union gulf and fraser fishermen s credit union island savings kawartha credit union kootenay savings credit union libro financial group meridian credit union mouvement des caisses populaires acadiennes servus credit union steinbach credit union tcu financial group vancity windsor family credit union your credit union your neighbourhood credit union credit union deposit insurance alberta british columbia manitoba new brunswick newfoundland and labrador nova scotia ontario prince edward island saskatchewan other financial institutions federal financial institutions farm credit canada provincial financial institutions atb financial retrieved from https en.wikipedia.org w index.php title alterna savings & oldid 743882045 categories alterna savingsbanks established in 19081908 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