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  2. Quorum Federal Credit Union

Quorum Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.00%1-year CD13 Month Term Savings CD
1.05% - Ally Bank High Yield 12-Month CDAdvertisement
1.00%1-year IRA13 Month IRA Term Savings (Traditional, Roth)
0.49% - National Average
1.00%SavingsHighQ
1.00% - Ally Bank Online Savings AccountAdvertisement
View all Quorum Federal Credit Union rates »

Overview / Commentary
www.quorumfcu.org
914-641-3700
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 92% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership eligibility is available through the American Consumer Council. Membership is also open to employees, retirees, and associates of over 80 select companies and affiliates. Immediate family and household members of current Credit Union members are also eligible to join.
See current membership details

Related Posts

Quroum 1.40% 10-Month Term Account Over? - 7/6/2016

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.

View all posts from:


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.

1

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

1

Horrible Stay Away

Posted by: Jeffed | Apr 11, 2016

They seem to take pleasure in messing with your money.

13


Health
C+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #22769
Year Chartered1977
Employees121
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
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Quroum 1.40% 10-Month Term Account Over?

Sylvia   |  
It's no longer on current rate chart, Quorum's Current Rates | Quorum
6

Rates
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Always verify rates and promotions with the bank or credit union. We are not Quorum Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--HighQ
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
0.05%--Name-Your-Own-Savings

Quorum Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

Quorum Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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