TME Savings and Alterna Merger News

It’s official! On December 1st, TMECU became a division of Alterna Savings and Credit Union after a vote overwhelmingly in favour of joining Alterna. This announcement follows a Special Member Meeting held on November 7th, 2018.

TMECU has been rebranded to become, Toronto Municipal Employees’ Savings, a division of Alterna Savings and Credit Union Limited (TME Savings).

Review this web page regularly for information that affects you and your banking. We look forward to bringing you the products and services you’ve been asking for!

Please see the official press release 

TME Savings and Alterna Merger News

What's new? 

Our name has changed to TME Savings, a division of Alterna Savings and Credit Union Limited.

Members can also access new Alterna rates on Mortgages and Term Deposit offers. Call your branch for details.

What is staying the same? 

Alterna places people before profits, so you’ll continue to bank at TME Savings branches with the same familiar faces you’ve come to know!

There are no changes to your products and services at this time, and your debit card and cheques will continue to work as usual.

If you have DICO insurance, you will continue to have unlimited insurance on registered products but will have a combined insurance on nonregistered products of $250,000.

What's coming? 

In the future, you will have access to:

  • Access to 34 branches across Ontario
  • Enhanced product and service offering
  • Financial, investment and retirement planning
  • Full service brokerage services
  • Larger loan/mortgage amounts with more competitive rates
  • Business banking solutions, including micro-loans for small business
  • Greater choice of investment options (including U.S. dollar)
  • Better variety on pricing options on products and services.
  • Online banking, mobile banking, and convenient digital solutions

We’re excited about the future of TME Savings! Call your branch to sign-up for our Quarterly e-Newsletter to receive future promotions, and to stay on top of all the changes!


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