OTTAWA, May 9 /CNW/ -- MBNA Canada Bank ("MBNA Canada"), announced today that Alterna Savings and Credit Union Limited has selected MBNA Canada as the issuer of MasterCard(R) products for members of Alterna Savings and clients of Alterna Bank, a wholly owned subsidiary of Alterna Savings. MBNA Canada is the leading provider of co-branded and affinity card programs in Canada and, together with its parent and affiliated companies, the world's largest independent credit card issuer.
MBNA Canada also wishes to congratulate the members of CS CO-OP and Metro Credit Union on the approved merger, effective April 1, of their respective organizations, which has created Alterna Savings and Credit Union Limited ("Alterna Savings"), Ontario's newest financial institution. The new institution will provide a larger branch network, a more extensive array of products, and a wider range of highly personalized financial services to its members.
"We are very pleased to be working with MBNA to bring their card products and services to our members. We feel that MBNA is an excellent partner for our organizations: Alterna Savings and Alterna Bank. Like us, they provide exceptional customer service and share our strong commitment to the community. Further, this new relationship with MBNA is just one example of the kind of service improvements that our members can expect from their newly merged credit union," said Mr. Gary Seveny, President and CEO, Alterna Savings.
The Alterna Savings MasterCard credit card program features a no-annual- fee card, premium MasterCard Platinum card benefits, and world-class customer service 24 hours a day, 7 days a week. The program also offers WorldPoints Rewards, which gives customers enhanced benefits and points redeemable for gift certificates, hotel stays, air travel, and merchandise.
"MBNA is proud to be associated with Alterna Savings and Alterna Bank. We have common values focused on community, innovation, and personalized customer service, as well as complementary expertise and capabilities," said Joseph DeSantis, chief executive officer of MBNA Canada. "We look forward to providing a wide range of valuable products, backed by superb, personalized service, for Alterna Savings members and Alterna Bank clients."
About Alterna Savings
Alterna Savings is the financial services alternative where people and communities come first. We provide 190,000 members with a full range of financial products and services, including loans, mortgages, investments, telephone banking, online banking and a Member Service Centre. With 24 branches in Ottawa, Toronto, Kingston, Pembroke and North Bay, Alterna Savings has a long history of exceptional member service and commitment to community.
About Alterna Bank
Alterna Bank is owned by Alterna Savings. As a bank with a national charter, Alterna Bank can bring its people and community-oriented philosophy to a wider clientele. Alterna Bank offers a full range of financial products and services, with branches in Ottawa, Hull and Gatineau. Alterna Bank clients can also obtain service at most Alterna Savings branches. For more information visit http://www.alterna.ca.
About MBNA Canada
MBNA Canada is the leading provider of co-branded and affinity credit card programs in Canada, and the second largest MasterCard issuer in the country. MBNA Canada credit cards and related products and services are endorsed by nearly 500 Canadian organizations. MBNA Canada provides financial products and services throughout Canada from its headquarters in Ottawa. For more information about MBNA Canada, visit the company's web site at http://www.mbna.com/canada.
About MBNA Corporation
MBNA (NYSE: KRB), the largest independent credit card lender in the world and a recognized leader in affinity marketing, is an international financial services company providing lending, deposit, and credit insurance products and services. MBNA credit cards and related products and services are endorsed by more than 5,000 organizations worldwide. For more information about MBNA, visit the company's web site at http://www.mbna.com.
/Company News On-Call: http://www.prnewswire.com/comp/542850.html/ /Web site: http://www.alterna.ca / /Web site: http://www.mbna.com/canada http://www.mbna.com /
/For further information: Jim Donahue of MBNA Corporation, +1-302-432-1342, james.donahue(at)mbna.com/
SU:
© CNW Group
Only GlobeinvestorGOLD combines the strength of powerful investing tools with the insight of The Globe and Mail.
Discover a wealth of investment information and and exclusive features.
