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Quorum Federal Credit Union

Popular Accounts at this Credit Union

1.25%1-year CD13 Month Term Savings CD
1.25%1-year IRA13 Month IRA Term Savings (Traditional, Roth)

Overview / Commentary
2500 Westchester Ave Ste 411
Purchase, NY 10577-2587

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 271st largest credit union in the nation. It was established in 1977 and as of December of 2015, it had grown to 125 employees and 72,230 members at 12 locations. Quorum Federal Credit Union's savings rates are 44% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership eligibility is available through the American Consumer Council. Membership is also open to employees, retirees, and associates of over 80 select companies and affiliates. Immediate family and household members of current Credit Union members are also eligible to join.
See current membership details

Related Posts

Quorum FCU Has Competitive 13- And 17-Month CDs - 5/16/2016

Quorum FCU (easy membership) has raised the rate on its 13-month CD (1.25% APY) and added a new 17-month CD (1.35% APY). Minimum deposit is $1k, with no balance cap.

Quorum FCU (Easy Membership) Features 11- And 16-Month CDs - 8/21/2015

Quorum FCU (easy membership) is featuring two CDs this month: 11-month CD (1.10% APY) and 16-month CD (1.25% APY). Minimum deposit is $1K for either, with no balance cap.

Quorum FCU Offering 11-Month CD At 1.10%, 16-Month At 1.25% - 8/20/2015

Quorum FCU (easy membership) just started offering a promo 11-month CD (they call it term savings) at 1.10% and a 16-month CD at 1.25%. Limited time only, but they don't give an end date for it. You can see the promo page for them here. Yes, there is an early withdrawal penalty, but I haven't looked up what it is.

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Reviews (1)

Horrible Stay Away

Posted by: Jeffed | Apr 11, 2016

They seem to take pleasure in messing with your money.


Health Grade Components

NCUA #22769
Year Chartered1977
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD5%
Annual Interest Income$40.9MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$954.9MM$870.5MM
LoansQ4 2015vs Q4 2014$819.3MM$731.6MM
DepositsQ4 2015vs Q4 2014$850.2MM$748.0MM
Equity CapitalQ4 2015vs Q4 2014$68.2MM$66.5MM
Loan Loss AllowanceQ4 2015vs Q4 2014$7.7MM$6.1MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$21.0MM$8.3MM
Real Estate OwnedQ4 2015vs Q4 2014$436.00K$511.00K
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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.

Quorum Federal Credit Union Savings Account Rates

0.40%*$100k*-IRA Savings
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $10k | 0.20% $10k - $25k | 0.30% $25k - $100k
0.05%--Basic Savings
0.05%--Holiday Club

Quorum Federal Credit Union Money Market Rates

0.50%*$250k*-Money Management
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $10k | 0.20% $10k - $25k | 0.30% $25k - $100k | 0.40% $100k - $250k

Quorum Federal Credit Union Checking Account Rates

0.25%*$20k*-QChoice Checking
OTHER TIERS: 0.10% Up to $20k
0.10%--Checking Rewards

Quorum Federal Credit Union CD Rates

1.35%$1k-17 Month Term Savings CD
1.25%$1k-13 Month Term Savings CD
1.15%$1k-60 Month Term Savings CD
1.04%$1k-48 Month Term Savings CD
0.90%$1k-36 Month Term Savings CD
0.65%$1k-24 Month Term Savings CD
0.50%$1k-18 Month Term Savings CD
0.35%$1k-12 Month Term Savings CD
0.25%$1k-6 Month Term Savings CD
0.15%$1k-3 Month Term Savings CD

Quorum Federal Credit Union IRA Rates

1.35%$1k-17 Month IRA Term Savings
1.25%$1k-13 Month IRA Term Savings
1.15%$1k-60 Month IRA Term Savings
1.04%$1k-48 Month IRA Term Savings
0.90%$1k-36 Month IRA Term Savings
0.65%$1k-24 Month IRA Term Savings
0.50%$1k-18 Month IRA Term Savings
0.35%$1k-12 Month IRA Term Savings
0.25%$1k-6 Month IRA Term Savings
0.15%$1k-3 Month IRA Term Savings

Quorum Federal Credit Union has 12 locations. Click to view all Quorum Federal Credit Union locations.