Purchase, NY, September 8, 2023 – Quorum Federal Credit Union, a forward-thinking, technology-based online credit union serving members across the U.S., has been named One of the Best Workplaces in Financial Services & Insurance™ by Fortune Media. This is Quorum’s first time on this prestigious list (but was previously acknowledged in June by Fortune as a 2023 Best Workplace in New York). Earning a spot means that Quorum is one of the best companies to work for in the country.
The Best Workplaces in Financial Services & Insurance list is based on an analysis of survey responses from over 191,000 employees from Great Place to Work Certified™ companies in the financial services and insurance industry.
“We couldn’t be happier to hear about this latest award from Fortune, following our win in June as one of the best workplaces in New York,” said Quorum President and CEO Jeffrey Pachter. “We are proud that our company has achieved recognition as one of the best workplaces in the country, reflecting the breadth of our business beyond New York.
“We strive for members to have best-in-class experiences when they bank with Quorum, and we know great experiences start from within, by having happy, fulfilled employees who feel supported, and who also feel challenged to grow with the Credit Union, and inspired to contribute to its success.”
The Best Workplaces in Financial Services & Insurance List is highly competitive. Great Place To Work, the global authority on workplace culture, determines its lists using its proprietary For All™ Methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study, based on over 1.3 million survey responses and data from companies representing more than 7.5 million employees this year alone.
Survey responses reflect a comprehensive picture of the workplace experience. Honorees were selected based on their ability to offer positive outcomes for employees regardless of job role, race, gender, sexual orientation, work status, or other demographic identifier.
“Fortune congratulates the Best Workplaces in Financial Services & Insurance,” says Fortune Editor-in-Chief Alyson Shontell. “Creating a vibrant workplace culture that draws the best talent in finance is vital for the success of the leaders in this highly competitive industry. It is also what’s needed to ignite innovation and deliver best-in-class performance.”
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. Earlier in 2023, 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 co-insurance, 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 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, from Laughter Yoga, to kickboxing classes, to Japanese water marbling, and caramel apple decorating.
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.
About Quorum Federal Credit Union
Quorum Federal Credit Union 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, investors 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 the Fortune Best Workplaces in Financial Services & Insurance List
Great Place To Work selected the 2023 Fortune Best Workplaces for Financial Services & Insurance by gathering and analyzing confidential survey responses from more than 191,000 employees from Great Place To Work Certified companies in the financial services and insurance industry. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ Survey. Great Place To Work determines its lists using its proprietary For All Methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study. In the last year, 1.3 million survey responses were received, representing the work experiences of more than 7.5 million employees. Read the full methodology.
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.
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About Fortune
The Fortune mission is to change the world by making business better. We achieve that by providing trusted information, telling great stories, and building world-class communities. We measure performance by rigorous benchmarks. And we hold companies accountable. Our goal is to make Fortune a force for good through its second century and beyond. For more information, visit www.fortune.com.