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 406th largest credit union in the nation. It was established in 1977 and as of June of 2020, it had grown to 125 employees and 69,578 members at 2 locations. Quorum Federal Credit Union has a C+ 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 in the online application.)
See current membership details
Related Posts
3/23 - 3.00% APY, 60 Mths CD, $1,000 Minimum. Regular & IRA. Easy Membership.
2/13 - Quorum FCU (Easy Membership) Ups 11-Month CD
10/4 - Quorum Federal Credit Union Raises High Q Savings To 1.10% APY
9/8 - Quorum FCU Raises APY On High Q Savings To 1.1%
9/8 - Quorum FCU Raises APY On High Q Savings To 1.1%
1/17 - $300 Checking Account Bonus At Quorum Federal Credit Union
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.
Unprofessional And Long Wait Times
Opened a high yield savings account and when we realized the rate was cut in half we set up a ACH to withdraw the funds. Received a message to contact them. Attempted to call on three separate occasions and could not speak to a human due to long wait times. When we finally got to speak to a person they asked me "what do I plan on doing with my money". This is none of their business! The whole process made me lose days of interest at a higher yield. Will never use this company again.
NO RESPECT
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.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 22769 |
| Year Chartered | 1977 |
| Employees | 125 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.09% |
| Return on Equity - YTD | 1.28% |
| Annual Interest Income | $19.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $871.4MM$853.3MM |
| Loans | Q2 2020vs Q2 2019 | $686.7MM$687.8MM |
| Deposits | Q2 2020vs Q2 2019 | $801.8MM$776.1MM |
| Equity Capital | Q2 2020vs Q2 2019 | $61.6MM$60.9MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $30.5MM$30.8MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $37.1MM$30.6MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $200.00K$822.00K |