Dedicated to Deposits: Deals, Data, and Discussion

2.00% 11-Month CD at Quorum FCU in New York - Easy Membership


Quorum Federal Credit Union

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 on the credit union's promotions page as of 3/08/2010.

Membership is open those associated with a long list of companies and groups at the credit union's membership requirements page. One group listed is the Select Savers Club. In the eligibility section of the Andera online application, one of the options is to join this club. This is what the option says.

I would like to join the Select Savers Club Inc, and become a Quorum FCU member

When you check this option, the following is shown:

The Select Savers Club Inc. provides its members with information on spending, saving, borrowing and managing debt wisely. Membership is open to anyone who has an interest in achieving his or her financial goals. Members pay a $5 lifetime membership fee. Quorum will cover this fee for any new member wishing to join the credit union concurrently.

Quorum FCU is located in Purchase, NY 10577. Its ratings for safety and soundness are mixed: 5 stars (superior) at BauerFinancial (based on 12/31/09 data) and 2 stars (below peer group) at (based on 9/30/09 data). The credit union is federally insured by the NCUA (Charter # 22769).

Credit for this find goes to FW member RichTJ99 who mentioned it in the FW CD thread.

  Tags: CD rates, New York, Quorum Federal Credit Union

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