Quorum Federal Credit Union

2 Manhattanville Road, Suite 401
Purchase, NY 10577
(914)641-3700
www.quorumfcu.org

NCUA

OverView
Rates
Health
Reviews

Quorum Federal Credit Union is headquartered in Purchase and is the 22^nd largest credit union in the state of New York. It is also the 286^th largest credit union in the nation. It was established in 1977 and as of December of 2012, it had grown to 110 employees and 52,975 members. Quorum Federal Credit Union has a 4-star health rating.

2.00% 11-Month CD at Quorum FCU in New York - Easy Membership - 3/8/2010

Quorum Federal Credit Union is offering a special 2.00% APY 11-month CD. Minimum deposit is $1,000. The yield is 2.10% APY for a $100,000 minimum deposit. This is a limited time offer that is listed ...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Quorum Federal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.35%	$20k	-	QChoice Checking

Quorum Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.40%	$100k	-	IRA Savings
0.40%	$100k	-	Roth IRA Savings
0.05%	$25	-	Basic Savings
0.05%	-	-	Holiday Club
0.05%	-	-	Name-Your-Own-Savings

Quorum Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.50%	$250k	-	Money Management

Quorum Federal Credit Union CD Rates

Apy	Min	Max	Product
1.10%	$1k	-	60 Month Term Savings
1.00%	$1k	-	48 Month Term Savings
0.90%	$1k	-	36 Month Term Savings
0.65%	$1k	-	24 Month Term Savings
0.60%	$1k	-	15 Month Term Savings
0.50%	-	-	12 Month MoneyBuilder
0.40%	$1k	-	12 Month Term Savings
0.40%	$1k	-	18 Month Term Savings
0.25%	$1k	-	6 Month Term Savings
0.15%	$1k	-	3 Month Term Savings

Quorum Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.10%	$1k	-	60 Month IRA Term Savings
1.10%	$1k	-	60 Month Roth IRA Term Savings
1.00%	$1k	-	48 Month IRA Term Savings
1.00%	$1k	-	48 Month Roth IRA Term Savings
0.90%	$1k	-	36 Month IRA Term Savings
0.90%	$1k	-	36 Month Roth IRA Term Savings
0.65%	$1k	-	24 Month IRA Term Savings
0.65%	$1k	-	24 Month Roth IRA Term Savings
0.60%	$1k	-	15 Month IRA Term Savings
0.60%	$1k	-	15 Month Roth IRA Term Savings
0.50%	-	-	12 Month IRA MoneyBuilder
0.50%	-	-	12 Month Roth IRA MoneyBuilder
0.40%	$1k	-	12 Month IRA Term Savings
0.40%	$1k	-	18 Month IRA Term Savings
0.40%	$1k	-	12 Month Roth IRA Term Savings
0.40%	$1k	-	18 Month Roth IRA Term Savings
0.25%	$1k	-	6 Month IRA Term Savings
0.25%	$1k	-	6 Month Roth IRA Term Savings
0.15%	$1k	-	3 Month IRA Term Savings
0.15%	$1k	-	3 Month Roth IRA Term Savings

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

QUORUM
NCUA #	22769
BankRate Report	View
Year Chartered	1977
Employees	110
Primary Regulator
Assets and Liabilities
Assets	$746.99 million
Loans	$571.10 million
Deposits	$672.84 million
Equity Capital	$62.39 million
Loan Loss Allowance	$4.60 million
Unbacked Noncurrent Loans	$6.32 million
Real Estate Owned	$285,000
Historic Data - December 2011
Assets	$694.14 million
Equity Capital	$58.80 million
Loan Loss Allowance	$5.00 million
Unbacked Noncurrent Loans	$8.54 million
Real Estate Owned	$160,000
Profit Margin - Quarterly
Net Interest Margin	4.08%
Return on Assets	0.29%
Return on Equity	3.47%
Interest Income	$30.46 million
Non-Interest Income	$5.84 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Quorum Federal Credit Union had $6.6 million in non-current loans and owned real-estate with $66.99 million in equity and loan loss allowances on hand to cover it. This gives Quorum Federal Credit Union a Texas Ratio of 9.85% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Quorum Federal Credit Union decreased slightly from 13.63% as of December 31, 2011 to 9.85% as of December 31, 2012, resulting in a positive change of 27.72%.This indicates that the balance sheet and financial strength for Quorum Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Quorum Federal Credit Union has increased its total deposits by $50.5 million, resulting in 8.12% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Quorum Federal Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Quorum Federal Credit Union has $746.99 million in assets with $66.99 million in equity, resulting in a capitalization level of 8.97%, which is average.