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Quorum Federal Credit Union

Popular Accounts at this Credit Union

1.00%1-year CD13 Month Term Savings CD
1.00%1-year IRA13 Month IRA Term Savings (Traditional, Roth)

Overview / Commentary
2500 Westchester Ave Ste 411
Purchase, NY 10577-2587

Quorum Federal Credit Union is headquartered in Purchase and is the 21st largest credit union in the state of New York. It is also the 283rd largest credit union in the nation. It was established in 1977 and as of June of 2016, it had grown to 121 employees and 75,714 members at 10 locations. Quorum Federal Credit Union's savings rates are 73% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership in Quorum Federal Credit Union is open to anyone through the American Consumer Council. Membership is also open to employees, retirees, and associates of BASF Corporation, Diamond Resorts International, The Kraft Heinz Company and its subsidiaries, and over 70 other Select Employer Groups.
See current membership details

Related Posts

Quroum 1.40% 10-Month Term Account Over? - 10/5/2016

It's no longer on current rate chart, Quorum's Current Rates | Quorum

Quorum FCU Continues To Offer Competitive CDs - 6/15/2016

Quorum FCU (easy membership) has added a New Money 10-month CD (1.40% APY) and raised the rate on its 24-month CD (1.50% APY.) Minimum deposit is $1k. Also as IRAs.

Quorum FCU Has Competitive 13- And 17-Month CDs - 5/16/2016

Quorum FCU (easy membership) has raised the rate on its 13-month CD (1.25% APY) and added a new 17-month CD (1.35% APY). Minimum deposit is $1k, with no balance cap.

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Reviews (3)

Terrible Customer Service

Posted by: tmdeee | Aug 16, 2016

If you would like to be treated with respect by their management, or want convenient access to YOUR money at ALL times, I don't think you want to deal with them. I am a big believer in credit unions over banks, but I would choose a bank over Quorum any day.

Bank Elsewhere

Posted by: Jtttt | Aug 16, 2016

I have been a member since they were Kraft. They do not reinvest in their company. Same problems in the 1990s they are still struggling with in 2016... spent an hour on the phone and they refused to expedite a debit card that has all of my money attached to it. Nearest branch is over 11 miles away

Horrible Stay Away

Posted by: Jeffed | Apr 11, 2016

They seem to take pleasure in messing with your money.


Health Grade Components

NCUA #22769
Year Chartered1977
Primary Regulator
Profit Margin
Return on Assets - YTD-1.25%
Return on Equity - YTD-18.76%
Annual Interest Income$21.5MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$940.4MM$925.7MM
LoansQ2 2016vs Q2 2015$838.2MM$771.3MM
DepositsQ2 2016vs Q2 2015$846.6MM$819.3MM
Equity CapitalQ2 2016vs Q2 2015$63.8MM$67.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$21.0MM$6.1MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$30.0MM$8.7MM
Real Estate OwnedQ2 2016vs Q2 2015$210.00K$508.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Quorum Federal Credit Union Savings Account Rates

0.40%*$100k*-IRA Savings
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $10k | 0.20% $10k - $25k | 0.30% $25k - $100k
0.05%--Basic Savings
0.05%--Holiday Club

Quorum Federal Credit Union Money Market Rates

0.50%*$250k*-Money Management
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $10k | 0.20% $10k - $25k | 0.30% $25k - $100k | 0.40% $100k - $250k

Quorum Federal Credit Union Checking Account Rates

0.25%*$20k*-QChoice Checking
OTHER TIERS: 0.10% Up to $20k
0.10%--Checking Rewards

Quorum Federal Credit Union CD Rates

1.15%$1k-60 Month Term Savings CD
1.04%$1k-48 Month Term Savings CD
1.00%$1k-13 Month Term Savings CD
0.90%$1k-36 Month Term Savings CD
0.75%$1k-24 Month Term Savings CD
0.50%$1k-18 Month Term Savings CD
0.35%$1k-12 Month Term Savings CD
0.25%$1k-6 Month Term Savings CD
0.15%$1k-3 Month Term Savings CD

Quorum Federal Credit Union IRA Rates

1.15%$1k-60 Month IRA Term Savings
1.04%$1k-48 Month IRA Term Savings
1.00%$1k-13 Month IRA Term Savings
0.90%$1k-36 Month IRA Term Savings
0.75%$1k-24 Month IRA Term Savings
0.50%$1k-18 Month IRA Term Savings
0.35%$1k-12 Month IRA Term Savings
0.25%$1k-6 Month IRA Term Savings
0.15%$1k-3 Month IRA Term Savings

Quorum Federal Credit Union Locations
Branch Office1701 W Bradley AveChampaign, IL 61821-2201
Branch Office7300 S Kedzie AveChicago, IL 60629-3595
Branch Office801 Waukegan RdGlenview, IL 60025-4312
Branch Office3 Parkway NDeerfield, IL 60015-2537
Branch Office100 DeForest AveEast Hanover, NJ 07936-2813
Branch Office255 Lafayette Ave 4th Floor WestSuffern, NY 10901-4812
Branch Office636 11th AveNew York, NY 10036
Branch Office2500 Westchester Ave Ste 411Purchase, NY 10577-2587
Branch Office130 W Kingsbridge Rd #5C-05Bronx, NY 10468-3904
Branch Office3704 Louis Rich RdNewberry, SC 29108-1413