About Quorum Federal Credit Union
Quorum Federal Credit Union is a company based in Purchase (United States) founded in 1934.. The company has 136 employees as of December 31, 2020. Quorum Federal Credit Union offers products and services including QBoost Checking, HighQ Savings, Home Equity Loans, and Online Banking. Quorum Federal Credit Union operates in a competitive market with competitors including VyStar Credit Union, Ent Credit Union, Bellco, Kinecta Federal Credit Union and First Technology Federal Credit Union, among others.
- Headquarter Purchase, United States
- Employees 136 as on 31 Dec, 2020
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Quorum Federal Credit Union
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$8 M (USD), Debt – Conventional
Jul 30, 2024
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Investors
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Employee Count
136
as on Dec 31, 2020
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Products & Services of Quorum Federal Credit Union
Quorum Federal Credit Union offers a comprehensive portfolio of products and services, including QBoost Checking, HighQ Savings, Home Equity Loans, and Online Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-interest checking account with ATM fee refunds
High-yield savings account for guaranteed returns
Loans for home projects with flexible terms
Platform for mobile banking and bill payments
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Funding Insights of Quorum Federal Credit Union
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $8.0M
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First Round
First Round
(30 Jul 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Debt – Conventional - Quorum Federal Credit Union | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Quorum Federal Credit Union
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Quorum Federal Credit Union
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quorum Federal Credit Union Comparisons
Competitors of Quorum Federal Credit Union
Quorum Federal Credit Union operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VyStar Credit Union, Ent Credit Union, Bellco, Kinecta Federal Credit Union and First Technology Federal Credit Union, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Credit Union
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| domain | founded_year | HQ Location |
Provides checking accounts, loans, credit cards, and financial education services.
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| domain | founded_year | HQ Location |
Urban credit union
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| domain | founded_year | HQ Location |
Offers financial services including checking, savings, loans, and credit cards for members.
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| domain | founded_year | HQ Location |
Financial services including loans and savings are provided to members.
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| domain | founded_year | HQ Location |
Operates as an urban credit union offering financial products to community members.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Quorum Federal Credit Union
When was Quorum Federal Credit Union founded?
Quorum Federal Credit Union was founded in 1934 and raised its 1st funding round 90 years after it was founded.
Where is Quorum Federal Credit Union located?
Quorum Federal Credit Union is headquartered in Purchase, United States. It is registered at Purchase, New York, United States.
Who is the current CEO of Quorum Federal Credit Union?
Bruno Sementilli is the current CEO of Quorum Federal Credit Union.
How many employees does Quorum Federal Credit Union have?
As of Dec 31, 2020, the latest employee count at Quorum Federal Credit Union is 136.
What does Quorum Federal Credit Union do?
Quorum Federal Credit Union was established in 1934 in Purchase, United States, as a member-owned financial institution. Banking services, including savings accounts, loans, and credit options, are offered primarily to urban communities. Operations focus on digital and in-person access for members across various sectors. Leadership is provided by CEO and President Bruno Sementilli, ensuring compliance with federal credit union standards.
Who are the top competitors of Quorum Federal Credit Union?
Quorum Federal Credit Union's top competitors include VyStar Credit Union, Bellco and First Technology Federal Credit Union.
What products or services does Quorum Federal Credit Union offer?
Quorum Federal Credit Union offers QBoost Checking, HighQ Savings, Home Equity Loans, and Online Banking.