Parama Credit Union Phone Number: 416 207 9239
PARAMA Lithuanian 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 in excess of $220 million and over 6,000 members of both Lithuanian and non-Lithuanian heritage. We are one of 308 Credit Unions in Canada – a system with combined assets of $173 billion and 5.3 million members1
PARAMA is a modern, full-service financial institution. We pride ourselves on friendly personal service and competitive loan and deposit rates. PARAMA is regulated under the authority of the Financial Services Commission of Ontario and eligible deposits are insured by Deposit Insurance Corporation of Ontario.
Most of our services are FEE-FREE! Services that require fees are minimal and competitive.
Great selection of modern services: mobile and online banking, Interac® e-transfers, e-mail alerts, remote cheque deposits using your smart phone and no fee deposits and withdrawals through participating ATM’s on the Exchange® Network.
Two conveniently located Toronto branches – one at Royal York and Bloor and the other at Dundas St West and Bloor. Both are easily accessible by subway or by car. For convenience we are open later on Thursdays and Fridays and are even open on Saturdays! Check the Hours link for more details.
Members automatically participate in the profit sharing program, which means money back in your pocket! To date, PARAMA has distributed nearly $8.5MM back to its Members.
All Canadian dollar deposits are insured by DICO up to $100,000 for each different account holder. DICO provides unlimited insurance protection for deposits held in registered plans such as RRSPs, RRIFs and TFSAs. Please see www.dico.com for details.
You will enjoy personalized and caring service from all of our professional Member Service Representatives. At PARAMA you are known by your name, not by a number.
2975 Bloor Street West,