Quorum Federal Credit Union is headquartered in Purchase and is the 23rd largest credit union in the state of New York. It is also the 411th largest credit union in the nation. It was established in 1977 and as of June of 2021, it had grown to 153 employees and 65,972 members at 1 location. Quorum Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Quorum Federal Credit Union is open to anyone through the American Consumer Council. Membership is also open to employees of Kraft Heinz Company and other organizations. (Membership requirements are listed in the online application.)
See current membership details
Related Posts
3/23 - 3.00% APY, 60 Mths CD, $1,000 Minimum. Regular & IRA. Easy Membership.
2/13 - Quorum FCU (Easy Membership) Ups 11-Month CD
10/4/17 - Quorum Federal Credit Union Raises High Q Savings To 1.10% APY
9/8/17 - Quorum FCU Raises APY On High Q Savings To 1.1%
9/8/17 - Quorum FCU Raises APY On High Q Savings To 1.1%
1/17/17 - $300 Checking Account Bonus At Quorum Federal Credit Union
7/6/16 - Quroum 1.40% 10-Month Term Account Over?
6/15/16 - Quorum FCU Continues To Offer Competitive CDs
5/16/16 - Quorum FCU Has Competitive 13- And 17-Month CDs
8/21/15 - Quorum FCU (Easy Membership) Features 11- And 16-Month CDs
8/20/15 - Quorum FCU Offering 11-Month CD At 1.10%, 16-Month At 1.25%
4/13/15 - Highq Savings Rate Drops From 1.15% To 1%
3/30/15 - Quorum FCU Introduces Competitive 11-month CD
2/25/15 - Quorum FCU Introduces New, Top Rate 15-month Term Account (CD)
2/25/15 - 1.65% APY On 15 Mth CD At Quorum FCU
2/8/15 - Quorum FCU 13-Month (1.25%APY) and 36-Month (1.5%APY)CDs
11/5/14 - Quorum FCU Has Attractive 13- and 36-month CDs - Nationally Available
10/7/14 - Quorum FCU Has Discontinued 25 Mth 1.50 APY CD
6/8/14 - .90% APY 9 Mth CD At Quorum FCU. Easy To Join
6/4/14 - New 25-Month CD Rate Special at Quorum Federal Credit Union
6/3/14 - 1.50% APY 25 Mth CD At Quorum FCU. Easy To Join
5/18/14 - Highq Saving Account At Quorum Federal Credit Union 1.05%
4/2/14 - 13-Month CD Special with a Top Rate at Quorum FCU - Easy Membership
3/8/10 - 2.00% 11-Month CD at Quorum FCU in New York - Easy Membership
Have Been Happy With Them For Over 10 Years.
I've been very happy at Quorum for over 10 years. I have my mortgage with them, no fee checking, and they almost always have a market leading savings product. Glad to be a member.
Great Credit Union With Great Service
I consistently get great service from their reps and they seem to really care about my financial needs.
Quorum Difficult, Cancelled My Deposit
Opened money mkt account, linked a bank account, tried to transfer funds, they cancelled my transfer. Then, they needed a copy of my bank stmt from the transfer account. Supplied that, now they are "reaching out" to the bank, I guess to confirm I didn't provide a phony bank statement. All of this so I can deposit funds INTO their institution. SO LUCKY I'm not trying to borrow from them. Imagine that.
Don't Just Run, Run And HIDE!
I have never experience anything like it...Signed a contract for a set amount of Interest, only to be charge 1.5% higher! Then EVERY principle payment I made went to INTEREST.
I called and after 45 minutes on hold and being shifted to 3 different people I was told I had to specify I wanted my payment to go to PRINCIPLE. Really, duh, you think? You think I didn't do that?Like I want to pay extra interest, who does that?
I refinanced and got out after one year, but I had made extra payments the whole time, MY PRINCIPLE NEVER WENT DOWN....As soon as I paid off account they LOCKED ME OUT, I can't get any statements for taxes! These people are CROOKS. I wrote them a letter asking them for an itemized list of all payments and how they applied them.....They never responded, so I am now sending a formal complaint to the NCUA, the State Regulators and the BBB. I just wonder how many more people they are ripping off.
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 22769 |
| Year Chartered | 1977 |
| Employees | 153 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 16.64% |
| Annual Interest Income | $19.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $955.8MM$871.4MM |
| Loans | Q2 2021vs Q2 2020 | $776.0MM$686.7MM |
| Deposits | Q2 2021vs Q2 2020 | $867.8MM$801.8MM |
| Equity Capital | Q2 2021vs Q2 2020 | $68.5MM$61.6MM |
| Secondary Capital | Q2 2021vs Q2 2020 | $6.0MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $22.5MM$30.5MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $20.0MM$37.1MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$200.00K |