Quorum Federal Credit Union

Headquarters

2500 Westchester Ave, Ste 411
Purchase, NY 10577
See all branch locations →

Notable Rates APY Vs.Others
Savings 2.50% 4.01% →
1-Year CD N.A. 4.50% →
2-Year CD N.A. 4.73% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Credit Union Information

Quorum is an NCUA insured institution located in Purchase, NY. It was founded in 1977 and has approximately $1097.31 millions in assets.

Who can join?

Employees/retirees of select companies and affiliated groups

Immediate family of a Credit Union member: spouses, domestic partners, children, siblings, parents, grandparents, grandchildren, step-parents, step-children, step-siblings

Members of the same household (those maintaining a single economic unit): roommates, domestic partners

NCUA Insured Yes / Federally Chartered
Charter Number # # 22769
Date Established 1977
Assets $1,097.31 million
Loans $891.41 million
Deposits $928.77 million
Capital $98.94 million
 

Field of Membership Restrictions

Membership in Quorum Federal Credit Union is open to anyone through the American Consumer Council. Membership is also open to employees, retirees, and associates of BASF Corporation, Diamond Resorts International, The Kraft Heinz Company and its subsidiaries, and over 70 other Select Employer Groups.

Deposit Rates - November 28, 2022

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
High O Savings Account
2.50% $0 - Learn More
Learn more about these great rates:

4.51% APY 60 Month Online CD from M.Y. Safra Bank

Loan Rates - November 28, 2022

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for QUORUM

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Eligibility.org
NMLS ID: 1907
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to QUORUM
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Branches

Below are Quorum branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Quorum Locations



Climate Initiatives

QUORUM is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Quorum Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Quorum. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Quorum U.S. Average
5.78% 4.24

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2022, Quorum had $5,485,625 in non-current loans and $928,800 in owned assets. To cover these potential losses it had $98,936,507 in net worth and $12,000,000 in loans loss reserves. That gives it a Texas Ratio of 5.78%.

Net Worth
Quorum U.S. Average
9.02% 12.40%

Quorum FCU has a net worth of 9.02% versus the BestCashCow average of 12.40. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for QUORUM


  • August 19, 2018 |

    Opened a high yield savings account that I regretted the moment I tried to make a withdrawal. Received a message to contact them. While I attempted to call on four separate occasions I could not speak to a human due to long wait times. When I finally got to speak to a person they asked me "what do I plan on doing with my money?" Really? This is none of their business! The whole process made me lose days of interest at a higher yield. Do not use this company.

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