In Canada, Alterna Savings & Credit Union Ltd. and Quinte First Credit Union intend to merge.

Under the letter of intent, Quinte First CU will become part of Alterna Savings & CU in the spring of 2020.

Quinte First CU President and CEO Carrie Gregoire will be vice president of member experience at the combined entity, which will have 38 locations across Ontario with over 180,000 members and C$9 billion in assets under administration, according to a news release.