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 400th largest credit union in the nation. It was established in 1977 and as of September of 2020, it had grown to 133 employees and 68,732 members at 2 locations. Quorum Federal Credit Union has a B health rating.
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
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.
I consistently get great service from their reps and they seem to really care about my financial needs.
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.
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.
Overall | |
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NCUA # | 22769 |
Year Chartered | 1977 |
Employees | 133 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.19% |
Return on Equity - YTD | 2.63% |
Annual Interest Income | $28.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $902.7MM$844.6MM |
Loans | Q3 2020vs Q3 2019 | $705.7MM$683.2MM |
Deposits | Q3 2020vs Q3 2019 | $827.5MM$766.6MM |
Equity Capital | Q3 2020vs Q3 2019 | $62.7MM$61.0MM |
Secondary Capital | Q3 2020vs Q3 2019 | $2.0MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $30.3MM$31.4MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $35.6MM$32.6MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$822.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.35% | - | - | HighQ | ||
0.10%* | $100k* | - | IRA Savings | ||
OTHER TIERS: 0.01% → Up to $25k | 0.05% → $25k - $100k | |||||
0.01% | $5 | - | Basic Savings | ||
0.01% | - | - | Holiday Club | ||
0.01% | - | - | Name-Your-Own-Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.25%* | $250k* | - | Money Management | ||
OTHER TIERS: 0.01% → Up to $25k | 0.10% → $25k - $100k | 0.20% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.05%* | $20k* | - | QChoice Checking | ||
OTHER TIERS: 0.01% → Up to $20k | |||||
0.01% | - | - | Checking Rewards |
Quorum Federal Credit Union Locations | ||
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Branch Office | 2500 Westchester Ave Ste 411 | Purchase, NY 10577-2587 |
Branch Office | 4 Parkway North Blvd Suite 400 | Deerfield, IL 60015-2542 |