Purchase, NY, November 12, 2024 – Quorum Federal Credit Union, a forward-thinking, technology-based online credit union serving members across the U.S., is proud to be Certified™ by Great Place to Work® for the third year in a row. The prestigious award is based entirely on what current employees say about their experience working at the Credit Union. This year, 94 percent of Quorum’s 194 employees said the company was a great place to work – 37 points higher than the average U.S. company.*
Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.
“Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. “By successfully earning this recognition, it is evident that Quorum stands out as one of the top companies to work for, providing a great workplace environment for its employees.”
“Congratulations to Quorum for being recognized as a Great Place to Work for three years running,” said President and CEO Jeffrey Pachter. “Our success is driven by our dedicated employees who believe in our mission of Banking That’s Good. For You. and see themselves as vital to our journey. By prioritizing our team, we ensure they have the right headspace to prioritize our members and partners, and continue to deliver an exceptional banking experience. This commitment has been rewarded: our culture continues to earn accolades and we continue to be celebrated as not only one of the top companies in the United States,one of the top companies to work for. I couldn’t be prouder.”
Ninety-six percent of Quorum employees said that they were made to feel welcome when joining Quorum, and 95 percent felt the credit union offered special and unique benefits. In addition, 97 percent felt Management is honest and ethical in its business practices.
Quorum benefits are continuously evaluated and evolved to remain competitive, the latest a Health & Wellness program which offers employees up to $100 a month to spend on eligible expenses like gym memberships and fitness classes, massage therapy/spa services, and meal kit deliveries.
Last year, a Volunteer Time Off (VTO) policy was launched, allowing all in-office, hybrid and fully remote workers to give back to their community during work hours while still getting paid. This adds to the current progressive time-off policy, with paid personal time, birthday time, company-observed holiday time offered, as well as a purchase and sell-back program to help an employee right-size the amount of time they need for the year.
Other Quorum employee benefits include: tuition reimbursement, a flexible work schedule, a 401k plan (with company match dollar for dollar up to 6 percent), a Health Reimbursement Account that assists employees with costs associated with the company’s medical plan, like deductibles, and sizable employee discounts (including mortgage discounts).
Quorum is committed to fostering a contemporary work environment that empowers its employees with work-life balance, supported by its remote structure. Employees are outfitted with company-issued laptops (and other equipment like dual monitors and keyboards upon request) and best-in-class collaboration tools to work together seamlessly and effortlessly, and the company utilizes the intranet and Teams meetings to communicate regularly to the Credit Union, fostering a deep sense of community, and even hosts virtual get-togethers and team-building events. Events in 2024 included: meditation and kickball sessions for Mental Health Awareness month, a guided art tour of the Louvre, the creation of a Quorum cookbook, and an in-progress Superbowl Knockout. To boost participation in certain virtual events, the Credit Union makes donations to youth charities per attendant.
In addition to top benefits, Senior Leadership empowers employees to evolve along with the financial services industry. The need to change, transform and prepare for the future is a core component of Quorum’s Learning & Development program, which provides holistic development opportunities for employees, leading to improved job satisfaction, career growth and organizational success.
Learn more about what Quorum offers, and current job postings, by visiting its Careers Page.
*Source: Great Place to Work® 2021 Global Engagement Study.
Quorum Federal Credit Union (quorumfcu.org) is a forward-thinking, technology-based online credit union headquartered at 2500 Westchester Avenue, Purchase, NY 10577. Founded in 1934 as the exclusive credit union for Kraft Foods employees, today the Credit Union serves over 50 companies nationwide including Ogilvy, Avon, Mastercard, Mondelēz International, Philip Morris International, Altria, and Kraft Heinz and has members living in all 50 states. Quorum is banking that is focused on its customers (members, partners and employees) and how its products and services help them to live life as they choose. Its aim is to do “Good” by and for its customers. We call this mission Banking That’s Good. For You™.
About Great Place to Work®
As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.