Community

Overview

As a member-owned, full-service, co-operative financial institution, we are committed to supporting our members with the very best in financial services, including day-to-day operations, investments, access to capital, and making a difference in the communities we serve. Our expert community-focused team has the skills, knowledge, and experience to provide you with tailored support and services for your organization.

Our Community Impact

Alterna is guided by our commitment to support the well-being of our members and communities by delivering industry-leading products and services tailored to the unique needs of individuals and organizations.

Community Financial Resiliency Program

Helps improve the capacity and resiliency of the nonprofit, charitable, co-operative, and affordable housing sectors to strengthen their financial sustainability.

Community Microfinance Program

Provides access to capital and affordable financial products and services for individuals, entrepreneurs, and organizations.

Community & Financial Inclusion Granting Programs

Strengthens the community sector by providing grant funding opportunities for registered charities, incorporated nonprofits, co-operatives without share capital, and unincorporated associations that positively impact communities.

Community Financial Education Program

Financial education programs and resources that are tailored to the specific needs of the individuals, organizations, and communities we serve.

Community Financial Resiliency Program

Contributed over $3.8 million in support of the affordable housing sector*.
*since 2012

Community Microfinance Program

Since program inception*, Alterna has issued over 1,500 in impact loans totalling over $9.9 million*. *since June 2000

Community & Financial Inclusion Granting Programs

Total of $399,475* disbursed between these two granting programs.
*since 2014

Community Impact Awards & Recognition

Outstanding Corporate Achievement Award

Alterna was thrilled to receive Ontario Credit Union Foundation’s 2024 Outstanding Corporate Achievement Award, granted based on our affordable housing commitment through our Community Financial Resiliency Program. This award is given annually to a credit union (or company within the co-operative financial system) to recognize their community contributions. 

Stronger Together Award

In 2023, Alterna Savings was honoured with the Canadian CED Network (CCEDNet)’s Stronger Together Award for our exceptional contributions to Community Economic Development and outstanding leadership. We were the first financial institution to receive this recognition in Canada.

Meet the Community Team

Susan Henry

Director, Community Impact and Financial Inclusion

susan.henry@alterna.ca
416.575.5862 

Susan Henry has over 25 years’ experience working with underserved, underrepresented individuals and communities. Her passion and dedication focus on the foundation of “Financial Inclusion for all”. Susan was instrumental in leading the launch of Alterna Savings’ award-winning Community Microfinance Program and the Community Loan Funds Partnership Programs. Since its inception in 2000, over $9.9 million in loans have been disbursed, directly improving the economic participation of underserved communities and groups such as BIPOC, new and racialized Canadians, women, and others who face barriers to financing.

Fahima Karim

Account Manager, NFP & Affordable Housing

fahima.karim@alterna.ca
647.332.2176

Fahima Karim has dedicated her entire career to the co-operative banking sector, beginning her journey at Alterna Savings in 2017. With a core mission to mitigate banking challenges for communities, she began her work by facilitating financial literacy seminars through her involvement with Enactus. Over the years, Fahima has refined her expertise in advocating for marginalized communities and delivering innovative banking solutions.

Jean Barrett

Manager, Community Microfinance Program

jean.barrett@alterna.ca
647.206.9127

Jean Barrett brings over 25+ years of banking experience in the Retail and Commercial sectors. As the Manager of Alterna Savings’ award-winning Community Microfinance Program, she oversees eight community microloan portfolios and manages 250+ small business borrowers in the Greater Toronto Area and Ottawa Region annually.

Alexandra Leavey

Manager, Community Financial Education and Relations

alexandra.leavey@alterna.ca
437.925.6420

Alexandra Leavey has over 7 years’ experience in the credit union and co-operative space, with a focus on financial education curriculum and resource development. Her passion and dedication are centered on financial inclusion through the creation of educational resources that are tailored to the specific needs of underserved and underrepresented individuals, organizations, and communities.

How can we help?

Your financial well-being comes first

Welcome to a better way to bank. Our knowledgeable team puts your financial well-being first with good, caring and transparent advice while offering all the products and services you need.
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