PARAMA Credit Union was established in 1952 by Lithuanians who immigrated to Canada after the Second World War. It started in the basement of the cultural community hall with the goal of helping community members buy homes and establish new lives in Canada. PARAMA has now grown to be the largest Lithuanian Credit Union in the world with assets of $418 million and over 6,000 members of both Lithuanian and non-Lithuanian heritage.
Canada has 231 Credit Unions with combined assets of $277 billion. Of these, Parama is the 85th largest and the 24th largest in Ontario, by asset size. (Statistics as of December 31, 2020, not including Quebec)
PARAMA is a modern, full-service ﬁnancial institution. We pride ourselves on friendly, personal service and competitive loan and deposit rates. PARAMA is regulated by, and deposits are protected under, the authority of the Financial Services Commission of Ontario.
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