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 363rd largest credit union in the nation. It was established in 1977 and as of September of 2022, it had grown to 184 employees and 67,525 members at 1 location. Quorum Federal Credit Union's savings rates are 6X the national average, and it 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 on the credit union's website.)
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.
Not enough customer service reps. Held on phone for more than 20 minutes. Finally hung up.
Quorum runs a hard pull credit check against new member applicants, according to an email received. Think about that when applying to be a depositor member. There is no requirement in regulation that your credit score should be dinged so visibly flashing a yellow light! I was in the business of writing credit union laws and do not appreciate that extra ("security") negativity.
Overall | |
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NCUA # | 22769 |
Year Chartered | 1977 |
Employees | 184 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 2.76% |
Return on Equity - YTD | 33.55% |
Annual Interest Income | $33.9MM |
Assets and Liabilities | ||
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Assets | Q3 2022vs Q3 2021 | $1.22B$995.7MM |
Loans | Q3 2022vs Q3 2021 | $995.5MM$763.0MM |
Deposits | Q3 2022vs Q3 2021 | $1.04B$894.0MM |
Equity Capital | Q3 2022vs Q3 2021 | $95.6MM$75.0MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $12.0MM$17.8MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $17.7MM$15.9MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |
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 | |
---|---|---|---|---|---|
1.50%* | $250k* | - | Money Management | ||
OTHER TIERS: 0.25% → Up to $10k | 0.50% → $10k - $25k | 1.00% → $25k - $100k | 1.25% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.05%* | $20k* | - | QChoice Checking | ||
OTHER TIERS: 0.01% → Up to $20k |
Quorum Federal Credit Union Locations | ||
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Branch Office | 2500 Westchester Ave Ste 411 | Purchase, NY 10577-2587 |