BEING A MEMBER HAS ITS BENEFITS
As a PARAMA member, you participate in PARAMA's profitsharing program. Each year, your Board of Directors decides what percentage of PARAMA's annual profits will be returned to our members. Profits are "shared" in the form of additional bonus interest paid on top of your total deposit interest received during the year (excluding registered deposits) AND an interest rebate on total interest paid by you on loans, mortgages and lines of credit.
Plus, you get treated like a respected member, not a number. As a shareholder of your own credit union, you can enjoy full access to all of PARAMA's very competitive products and services with minimal or no service charges. Combined with profit sharing potential, this adds up to unbeatable Membership value!
Accounts are also available for organizations, associations and businesses
HOW TO BECOME A MEMBER
Each new Member purchases a $40 share. This share makes you a part-owner of a cooperative financial institution and allows you to vote at PARAMA's Annual Meeting in order to elect members to the Board of Directors and Audit Committee. These Directors and Committee Members represent you and strive to ensure excellence in all aspects of the Credit Union.
To open a PARAMA account, you will need:
- 2 forms of valid I.D. - driver's license, birth certificate, passport, proof of citizenshipSocial Insurance Number
- $40 for your share
Simply visit either PARAMA branch to open your new account!