Quorum Federal Credit Union

Headquarters

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

Notable Rates APY Vs.Others
Savings 0.40% 1.02% →
1-Year CD 0.50% 1.45% →
2-Year CD 0.60% 2.86% →
5-Year CD 1.00% 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Quorum is an NCUA insured institution located in Purchase, NY. It was founded in 1977 and has approximately $1025.74 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 $1,025.74 million
Loans $783.84 million
Deposits $919.25 million
Capital $86.31 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 - May 22, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.40% $0 - Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.25% $1,000 - Learn More
12 Mo CD
0.50% $1,000 - Learn More
18 Mo CD
0.95% $10,000 $14,999 Learn More
24 Mo CD
0.60% $1,000 - Learn More
36 Mo CD
0.65% $1,000 - Learn More
48 Mo CD
0.70% $1,000 - Learn More
60 Mo CD
1.00% $1,000 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - May 22, 2022

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
4.768% 4.690% 0.88 $2,252 $1,296 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to QUORUM
To upload and update your bank's rates please register. It is free to register and add rates.


 

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:
Ashburn,Virginia


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
12.49% 4.85

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 December 31, 2021, Quorum had $11,544,397 in non-current loans and $882,000 in owned assets. To cover these potential losses it had $86,311,392 in net worth and $13,150,000 in loans loss reserves. That gives it a Texas Ratio of 12.49%.

Net Worth
Quorum U.S. Average
8.41% 12.36%

Quorum FCU has a net worth of 8.41% versus the BestCashCow average of 12.36. 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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