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 402nd largest credit union in the nation. It was established in 1977 and as of December of 2021, it had grown to 155 employees and 66,084 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 on the credit union's website.)
See current membership details
Related Posts
3/23/18 - 3.00% APY, 60 Mths CD, $1,000 Minimum. Regular & IRA. Easy Membership.
2/13/18 - Quorum FCU (Easy Membership) Ups 11-Month CD
12/13/17 - Quorum 10 Mth CD, 1.65% APY, $1K Minimum
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.
Impossible To Get Them On The Phone
Not enough customer service reps. Held on phone for more than 20 minutes. Finally hung up.
Beware Credit Check
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.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 22769 |
| Year Chartered | 1977 |
| Employees | 155 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.35% |
| Return on Equity - YTD | 17.76% |
| Annual Interest Income | $38.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.03B$928.2MM |
| Loans | Q4 2021vs Q4 2020 | $783.8MM$774.2MM |
| Deposits | Q4 2021vs Q4 2020 | $919.3MM$847.1MM |
| Equity Capital | Q4 2021vs Q4 2020 | $76.8MM$63.3MM |
| Secondary Capital | Q4 2021vs Q4 2020 | $6.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $13.2MM$24.7MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $12.5MM$26.0MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |