PARAMA was established in 1952 by new Lithuanians to help each other buy homes and establish new lives in Canada. What started with just a few people in the basement of a community hall has grown to be the world's largest Lithuanian Credit Union in both assets and number of members. PARAMA is also now the 24th largest credit union in Ontario.
PARAMA Lithuanian Credit Union is now a modern, full-service financial institution with assets in excess of $210,000,000 serving more than 6,000 members of both Lithuanian and non-Lithuanian heritage. PARAMA is regulated under the authority of the Financial Services Commission of Ontario and eligible deposits are insured by Deposit Insurance Corporation of Ontario (DICO: www.dico.com). PARAMA is one of 373 Credit Unions in Canada with combined assets of $138 billion and 5.1 million members. Learn more about the Credit Union system at www.cuco.com
PARAMA prides itself on its personal service and competitive loan and deposit rates.
- Most of our services are FEE-FREE!
- PARAMA shares its wealth through our Profitsharing program, which means money back in your pocket! To date, PARAMA has distributed nearly $8.5 million back to its members.
- All PARAMA Canadian dollar deposits are insured by DICO up to $100,000 for each individual. DICO provides separate deposit insurance protection for deposits held in registered plans. Each registered plan is insured to a maximum of $100,000.
- Enjoy personal and caring service from all of our professional member representatives!
Click here to learn how to become a member.