To become a Member you must purchase at $40 share, the cost of which is returned to you when you close your account. This makes you a part-owner of a co-operative financial institution and allows you to attend PARAMA’s Annual Meetings to elect members to the Board of Directors and vote for proposed changes to By-Laws. The Directors that you elect represent you and strive to ensure excellence in all aspects of the Credit Union.
To open a personal PARAMA account, you will need to come into either branch with the following:
- Two forms of valid ID: Social Insurance Number and one form of photo ID - driver’s license, passport or proof of citizenship. Birth Certificates are accepted, however we require an additional form of government issued photo ID.
- $40 for your share.
Accounts are also available for youth (trust), organizations, associations and businesses. We require additional documentation to open these types of accounts, so please inquire with one of our Member Service Representatives. They are always happy to help!