Company Information

Get to know Alterna Savings

Alterna Savings is one of Canada's oldest and most established credit unions, with its roots tracing back to 1908. As a co-operative financial institution, it is owned by its members rather than shareholders, with a mission to foster community prosperity and individual financial well-being. Operating under the brand promise "The Good in Banking™," Alterna provides a comprehensive range of financial products, including daily banking, borrowing, investing, and wealth management services for both personal and business members across Ontario. It operates alongside its federally chartered subsidiary, Alterna Bank.

Industry

Financial BankingPRIMARY
Financial Other Service

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Alterna Savings

Canada

Founded in

03 Sep 1908 (117 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(77 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.