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Quorum Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.quorumfcu.org
914-641-3700
2500 Westchester Ave
Purchase, NY 10577

Quorum Federal Credit Union is headquartered in Purchase and is the 22nd largest credit union in the state of New York. It was established in 1934, and it received a federal charter in 1977. As of September of 2023, it had grown to 146 employees and 68,163 members. Quorum is established as an online-only credit union. Access to banking services is done online at Quorum’s website or via Quorum mobile banking app. The cost savings of not having branches allows Quorum to offer more competitive rates. Its savings rates are 8X the national average.

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

Reviews (13)

Rates And Service

Posted by: |

CD and high-yield savings rates are excellent. Decent service for an on-line only bank.

3

Great Rates

Posted by: |

I've been a member of Quorum for many years. They almost always have great deposit rates and the app is super easy too!

3

This Credit Union Quickly Became My Bank!

Posted by: |

What started with a low-interest first mortgage refinance has turned into a first mortgage, two credit cards, a high yield savings account, fee free checking account and a checking reserve account. I pay all my bills via the online bill payment and even send physical checks from my online checking account to the landscaper and others. Member support is beyond expectation and the mobile app is robust and user friendly. Great work Quorum!

6

24 Mo And 36 Mo CD Dropped To 4.60% APY % 4.85% APY Respectively

Posted by: |

Once a near leader in mid-term CD rates, now like the others: Quorum has dropped below that 5% APY on their 36 mo term.

3
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Health
B

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #22769
Year Chartered1977
Employees151
Primary Regulator
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD10.8%
Annual Interest Income$15.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.16B$1.13B
LoansQ1 2025vs Q1 2024$811.6MM$754.3MM
DepositsQ1 2025vs Q1 2024$1.01B$1B
Equity CapitalQ1 2025vs Q1 2024$92.5MM$83.3MM
Loan Loss AllowanceQ1 2025vs Q1 2024$18.4MM$20.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$13.5MM$15.8MM
Real Estate OwnedQ1 2025vs Q1 2024$2.8MM$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/5/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$10k*-High Marq Savings
OTHER TIERS: 0.01% → $0 - $10k
3.75%$0-HighQ Savings
0.01%$5-Basic Savings
0.01%$0-Holiday Club
0.01%$0-Additional Savings

Quorum Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%*$250k*-Money Management
OTHER TIERS: 0.45% → $0 - $10k | 0.70% → $10k - $25k | 1.20% → $25k - $100k | 1.45% → $100k - $250k

Quorum Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$0$5kQBoost Checking
OTHER TIERS: 0.50% → $5k+
1.25%*$10k*-QFlex Checking
OTHER TIERS: 0.01% → $0 - $100k

Quorum Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.40%$100$100k6 Month Term Savings CD
4.40%$100$100k13 Month Term Savings CD
4.20%$100$100k18 Month Term Savings CD
4.10%$100$100k48 Month Term Savings CD
3.50%$100$100k60 Month Term Savings CD
3.00%$100$100k24 Month Term Savings CD
3.00%$100$100k36 Month Term Savings CD
2.60%$100$100k12 Month Term Savings CD
2.20%$100$100k3 Month Term Savings CD

Quorum Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.40%$100$100k6 Month IRA Term Savings
4.40%$100$100k13 Month IRA Term Savings
4.20%$100$100k18 Month IRA Term Savings
4.10%$100$100k48 Month IRA Term Savings
3.50%$100$100k60 Month IRA Term Savings
3.00%$100$100k24 Month IRA Term Savings
3.00%$100$100k36 Month IRA Term Savings
2.60%$100$100k12 Month IRA Term Savings
2.20%$100$100k3 Month IRA Term Savings
1.70%*$100k*-IRA Savings
OTHER TIERS: 0.45% → $0 - $10k | 0.70% → $10k - $25k | 1.20% → $25k - $100k
Locations


Quorum Federal Credit Union Locations
Corporate Office2500 Westchester Ave Suite 113Purchase, NY 10577-2587

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