Quorum Federal Credit Union is headquartered in Purchase and is the 22nd largest credit union in the state of New York. It is also the 386th largest credit union in the nation. It was established in 1977 and as of December of 2019, it had grown to 131 employees and 71,690 members at 4 locations. Quorum Federal Credit Union has a B health rating.
Membership 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
Opened a high yield savings account and when we realized the rate was cut in half we set up a ACH to withdraw the funds. Received a message to contact them. Attempted to call on three separate occasions and could not speak to a human due to long wait times. When we finally got to speak to a person they asked me "what do I plan on doing with my money". This is none of their business! The whole process made me lose days of interest at a higher yield. Will never use this company again.
Terribly rude and offensive process in actually trying to give them business. New to the area so I inquired about opening an account and services provided and was met with discriminatory questions to funnel out what type of customer I would be, and therefore the type of service I would receive. Stay away from this place.
|Return on Assets - YTD||0.68%|
|Return on Equity - YTD||9.43%|
|Annual Interest Income||$43.3MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$841.3MM$817.5MM|
|Loans||Q4 2019vs Q4 2018||$727.2MM$703.7MM|
|Deposits||Q4 2019vs Q4 2018||$767.0MM$748.4MM|
|Equity Capital||Q4 2019vs Q4 2018||$60.9MM$54.8MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$30.5MM$36.8MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$29.7MM$38.7MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$974.00K|
Rates for Quorum Federal Credit Union are currently being reviewed.
|Quorum Federal Credit Union Locations|
|Branch Office||636 11th Ave||New York, NY 10036|
|Branch Office||2500 Westchester Ave Ste 411||Purchase, NY 10577-2587|
|Branch Office||100 DeForest Ave||East Hanover, NJ 07936-2813|
|Branch Office||4 Parkway North Blvd Suite 400||Deerfield, IL 60015-2542|