Credit union · NCUA insured
Quorum Federal Credit Union
Top CarrotA $1.3B credit union, the 381st largest of 4,329, headquartered in Purchase, NY, with 74,268 members and 1 branch in New York. Best rates: CDs 4.50% and savings 4.00% APY.
Quorum Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 99% of U.S. banks and credit unions
#1 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Quorum Federal Credit Union
Founded in 1934 as Kraft Employees Credit Union, Quorum is a member-owned federal credit union.
After adopting the Quorum name in 2005, the online-only credit union now serves more than 70,000 members nationwide.
- Headquarters
- 2500 Westchester Ave, Suite 113, Purchase, NY 10577-2587
- NCUA charter
- 22769
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Open to anyone
- Anyone who does not qualify through a partner company or family relationship can join through the American Consumer Council (ACC) at no cost during the online application.
Employers and groups
- Employees or retirees of Quorum partner companies (Select Employee Groups) are eligible for membership.
- Employees of Quorum are eligible for membership.
Family and household
- Family members of Quorum employees and family or household members of existing Quorum members are eligible for membership.
Cost to join
- Membership in Quorum is free.
Branches
1 branch in New York
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New York
1 branch
- Quorum FCUMain office2500 Westchester Ave, Suite 113, Purchase, NY 10577Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.85% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 1.74% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 1.84% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $96 | $88 | — |
- CapitalNet worth ratio9.85%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late1.74%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets1.84%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$96Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Quorum Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.