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

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 369th largest credit union in the nation. It was established in 1977 and as of September of 2018, it had grown to 126 employees and 77,988 members at 4 locations. Quorum Federal Credit Union's savings rates are 3X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership 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

Quorum FCU (Easy Membership) 60-Month CD Joins "3 for 5 Club" - 3/23/2018

Quorum FCU (easy membership) has added 145 bps to its 60-month Term Savings Account (3.00% APY, min $1k deposit). Deposits of $100k+ earn 3.10% APY.

3.00% APY, 60 Mths CD, $1,000 Minimum. Regular & IRA. Easy Membership. - 3/23/2018

Quorum is now promoting 60 month term, in addition to 11 (2.00%) and 25 (2.25%) month. EWP on 60 months regular is dividends earned, not to exceed 180 days. IRA Premature Withdrawal Penalty is $25. https://www.quorumfcu.org/rates

Quorum FCU (Easy Membership) Ups 11-Month CD - 2/13/2018

Quorum FCU (easy membership) has raised the rates on its 11-month CD (2.00% APY) and 25-month CD (2.25% APY). Minimum deposit is $1k, with no stated balance cap.

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Reviews (8)

Great Credit Union With Great Service

Posted by: JLDV1018 | Feb 12, 2018

I consistently get great service from their reps and they seem to really care about my financial needs.

Unprofessional And Long Wait Times

Posted by: JGordan | Jun 19, 2017

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.


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.

Horrible Service

Posted by: Carlh | May 15, 2017

Had a remaining loan balance of .14 due to misinformation and five dollars in a savings . I asked if they could pay off the loan with the money I had in the savings account. They refused to do it and demanded me to send in a payment. It cost more for the company to send me a bill then collect .14. I asked to speak to a manager and was told none was available. I hope any potential clients are aware of the service you will be receiving.


Posted by: Rk9977 | Jan 17, 2017

Rate on liquid savings account progressively lowers without any notification. Attempted to speak to a supervisor on two separate occasions and was informed that one was not available.

Terrible Customer Service

Posted by: tmdeee | Aug 16, 2016

If you would like to be treated with respect by their management, or want convenient access to YOUR money at ALL times, I don't think you want to deal with them. I am a big believer in credit unions over banks, but I would choose a bank over Quorum any day.

Bank Elsewhere

Posted by: Jtttt | Aug 16, 2016

I have been a member since they were Kraft. They do not reinvest in their company. Same problems in the 1990s they are still struggling with in 2016... spent an hour on the phone and they refused to expedite a debit card that has all of my money attached to it. Nearest branch is over 11 miles away

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 - YTD-0.66%
Return on Equity - YTD-9.27%
Annual Interest Income$32.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$830.2MM$861.4MM
LoansQ3 2018vs Q3 2017$721.0MM$744.2MM
DepositsQ3 2018vs Q3 2017$743.5MM$768.0MM
Equity CapitalQ3 2018vs Q3 2017$59.1MM$62.4MM
Loan Loss AllowanceQ3 2018vs Q3 2017$38.0MM$34.2MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$43.9MM$53.7MM
Real Estate OwnedQ3 2018vs Q3 2017$132.00K$477.00K
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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 $2.5k | 0.10% $2.5k - $10k | 0.20% $10k - $25k | 0.30% $25k - $100k
0.05%$5-Basic Savings
0.05%--Holiday Club

Quorum Federal Credit Union Money Market Rates

1.00%*$250k*-Money Management
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $10k | 0.20% $10k - $25k | 0.65% $25k - $100k | 0.85% $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

3.00%$1k-60 Month Term Savings CD
2.80%$1k-48 Month Term Savings CD
2.75%$1k-36 Month Term Savings CD
2.70%$1k-24 Month Term Savings CD
2.65%$1k-18 Month Term Savings CD
2.60%$1k-12 Month Term Savings CD
0.50%$1k-6 Month Term Savings CD
0.25%$1k-3 Month Term Savings CD

Quorum Federal Credit Union IRA Rates

3.00%$1k-60 Month IRA Term Savings
2.80%$1k-48 Month IRA Term Savings
2.75%$1k-36 Month IRA Term Savings
2.70%$1k-24 Month IRA Term Savings
2.65%$1k-18 Month IRA Term Savings
2.60%$1k-12 Month IRA Term Savings
0.50%$1k-6 Month IRA Term Savings
0.25%$1k-3 Month IRA Term Savings

Quorum Federal Credit Union Locations
Branch Office4 Parkway North Blvd Suite 400Deerfield, IL 60015-2542
Branch Office100 DeForest AveEast Hanover, NJ 07936-2813
Branch Office636 11th AveNew York, NY 10036
Branch Office2500 Westchester Ave Ste 411Purchase, NY 10577-2587

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