Alterna Savings to merge with Tandia Financial Credit Union.

Alterna Savings, a full-service, member-owned cooperative financial institution, agreed to merge with Tandia Financial Credit Union, a cooperative credit union serving education and government employees. Financial terms were not disclosed. "By joining forces with Tandia, we have the chance to create something even more compelling for our members and write the next chapter of cooperative banking in Ontario. With Tandia’s strong presence in southwestern Ontario and our broad reach across the rest of the province, a merger would allow us to better serve members no matter where life takes them. A merger would bring together the best of both credit unions—strong community ties, gifted teams, and a shared commitment to exceptional service and advice," Rob Paterson, Alterna Savings President & CEO.