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Parama Credit Union Limited

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Parama Credit Union Limited
File:Parama Credit Union Logo.png
Credit union
IndustryFinancial services
Founded 📆1952
Founder 👔
Headquarters 🏙️Toronto, Ontario, Canada
Area served 🗺️
Key people
Rita Urbonavicius, Chairwoman
Revenue🤑 IncreaseC$5.911 million (2017)[1]
Net income
IncreaseC$2.097 million (2017)[1]
Total assetsIncreaseC$292.093 million (2017)[1]
Number of employees
🌐 Websitewww.parama.ca
📇 Address
📞 telephone

Parama Credit Union Ltd. is a Canadian Credit Union headquartered and located in Toronto, Ontario, Canada. Parama was established in 1952 to serve the Lithuanian Canadian community in Toronto. It claims to be the largest Lithuanian credit union in the world.[1]

It has assets in excess of $220 million and over 6,000 members.[2] It offers a savings account rate of 1.35% and is covered by the Deposit Insurance Corporation of Ontario.[3]


  1. 1.0 1.1 1.2 1.3 "Parama 2017 Annual Report" (PDF).
  2. "Parama Credit Union". The Kingsway. Retrieved 13 November 2018.
  3. "How to find the best RRSP savings rates: Roseman". Toronto Star. 26 February 2013. Retrieved 13 November 2018.

External links[edit]

Official website

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