History
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- Parama Credit Union was established in 1952 by Lithuanians who immigrated to Canada after the Second World War.
- Parama opened its doors in the basement of a local community hall after many community members were turned down by the big banks when they needed help to buy homes, set up businesses and start their new lives in Canada.
- Many of those original families continue to do their banking at Parama.
- Today, Parama’s assets surpass $500 million with over 7,000 members. Parama has expanded to serve members in the Bloor St. West, Toronto neighbourhood and throughout Ontario.
Testimonials
Our family has been fortunate to be members of Parama for over 40 years and Parama has provided us with excellent customer service and is a most trusted partner in our family’s financial planning. 5 stars.
Parama Member
My experiences at Parama have always been fantastic. I have been banking with this credit union for decades and I honestly can't find anything negative to say. Whenever I come in, I am greeted with a smile and by my name (unlike most other banks).
Parama Member
Parama is absolutely the best banking experience I’ve ever had. Personal care, smart advice, low fees and great people.
Parama Member
Parama's History
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