Sep, 30, 2025 — QUORUM FEDERAL CREDIT UNION is a federal credit union headquartered in PURCHASE, NY with 1 branch location and about $1.22 billion in total assets. Opened 49 years ago in 1977, QUORUM FEDERAL CREDIT UNION has about 69,218 members and employs 158 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | QUORUM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2500 Westchester Ave PURCHASE, NY 10577-2587 |
| Phone: | (914) 641-3700 |
| Fax: | (914) 641-3730 |
| Website: | https://www.quorumfcu.org |
| Branches: | 1 branch locations |
| Members: | 69,218 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22769 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,224,134,020 |
| CEO/Manager: | Jeff Pachter |
| Chairperson: | Jim Ingold |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 93,322,209 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 22,382,240 |
| Real Estate Loans | 674,305,794 |
| Unsecured Loans | 104,570,331 |
| Other Loans | 114,949,204 |
| TOTAL LOANS | 893,825,329 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,600,000 |
| Land And Building | 0 |
| Other Fixed Assets | 5,058,042 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,063,880 |
| All Other Assets | 4,322,372 |
| TOTAL ASSETS | 1,224,134,020 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,416,225 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 13,770,312 |
| Share Drafts | 87,793,752 |
| Regular shares | 467,240,005 |
| All Other Shares & Deposits | 497,105,409 |
| TOTAL SHARES & DEPOSITS | 1,052,139,167 |
| TOTAL LIABILITIES | 1,124,125,704 |
| Regular Reserve | 0 |
| Other Reserves | -2,261,166 |
| Undivided Earnings | 102,269,482 |
| TOTAL EQUITY | 100,008,316 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,224,134,020 |
| INCOME & EXPENSE | |
| Loan Income | 42,935,112 |
| Investment Income | 7,795,555 |
| Other Income | 6,017,803 |
| Total Employee Compensation & Benefits | 16,956,459 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,163,424 |
| Non-operating Income & (Expense) | -280,841 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,872,699 |
| Cost of Funds | 26,961,516 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,471,708 |
| ↑ Back to Top | |