Quorum Federal Credit Union is headquartered in Purchase and is the 22 nd largest credit union in the state of New York. It is also the 400 th largest credit union in the nation. It was established in 1977 and as of September of 2020, it had grown to 133 employees and 68,732 members at 2 locations.Quorum Federal Credit Union has a B health rating. ****Credit Cards: The rate is based on your creditworthiness. The APR will vary with the market based on the Prime Rate. The maximum interest rate will never exceed the rate permitted under the Federal Credit Union Act (currently, this maximum is 18%). If your rate increases, additional payments will be required. Quorum Federal Credit Union offers three options for securing your rate. Float Option-Members that choose not to lock can float their rate at no cost. A member that chooses not to lock in will receive the prevailing rate 10 calendar days prior to closing. ****Credit Cards: The rate is based on your creditworthiness. The APR will vary with the market based on the Prime Rate. The maximum interest rate will never exceed the rate permitted under the Federal Credit Union Act (currently, this maximum is 18%). If your rate increases, additional payments will be required. Quorum Federal Credit Union offers great rates on mortgages, consumer loans, CDs, and savings accounts to its member base of over 50,000. Like all credit unions, Quorum is non-profit and member owned. Eligibility is restricted to employees and retired employees of a number of companies and groups that you can find on the Quorum website. Voted one of the best credit unions in New York, Quorum is an online credit union that offers banking products like high-yield savings accounts, free checking, home loans, and more! We can help you with your everyday banking needs and long term financial goals. Quorum Federal Credit Union has been open since 1977. The credit union has assets totaling $871.4 Million and provides banking services to more than 70,000 members. Membership : The credit union is a member-owned financial cooperative providing banking services including savings , loans , and other financial services to members. Quorum offers competitive mortgage rates, useful tools, and round-the-clock-advice including exclusive purchase and refinance options. Quorum Federal Credit Union offers a wide range of CD maturities for investors, ranging from 3 months to 5 years. Rates for most maturities have two tiers, with jumbo CDs, on deposits of $100,000 or more, earning an additional 0.10 percent APY. Quorum Federal Credit Union also offers promotional rates for four maturities.
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