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. Family members and members of the same household as a Quorum member are also eligible to join. Membership costs just $25.
Quorum Federal Credit Union was originally founded in 1934 with the motto “we can do better.” The credit union has grown steadily over the years and now has more than 50,000 members and over $700 million in assets. Although Quorum does not operate branches itself, customers can use 5,000 shared service centers – essentially branches shared with other credit unions – and more than than 80,000 ATMs across the United States.
Quorum offers a wide variety of financial products, from checking and savings accounts to credit cards and home loans. The credit union offers all sorts of products, and credit unions in general tend to be more flexible than financial institutions like banks. This means that even if you cannot get approved for a mortgage at a bank or mortgage banker, you may still be able to get approved by your credit union.
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