Purchase, NY, February 21, 2025 – Quorum Federal Credit Union, a forward-thinking, online credit union serving members across the U.S., has been named the Best Credit Union of 2025 by personal finance website Bankrate. They have also awarded Quorum the distinction of Best Savings Account of 2025 for HighQ, Quorum’s popular, competitive high-yield liquid savings account.
Branding Quorum a “Digital Leader” once again, Bankrate cited the credit union’s competitive APYs on savings accounts and term accounts, and free checking accounts (with access to more than 90,000 fee-free ATMs, and fast and easy membership application process. This is Quorum’s seventh consecutive year on Bankrate’s Best Credit Unions list, and the second time it has won first place. It is Quorum’s first time winning Best Savings Account for HighQ, which was singled out for its “robust yield with few fees” and complementary financial services, “making it easy to consolidate your finances under one roof.”
“We’re deeply honored to receive the Best Credit Union of 2025 award from Bankrate, as well as the Best Savings Account for HighQ,” said Quorum President and CEO Jeff Pachter. “This recognition is a testament to the unwavering dedication of our team and trust our members place in us. We remain committed to providing exceptional service and innovative financial solutions that empower our members.
“To our members: Thank you for believing in us and being a part of our exciting journey. There’s more to come in 2025 as we continue to look for new ways to invest in you, and return profits to you in the form of streamlined, frictionless service, ground-breaking products, exceptional rates, and lower fees.”
Quorum is also recognized as a top credit union by Yahoo! Finance, CNET, Business Insider, and MarketWatch Guides. Its online financial resource, the Learning Hub, is the two-time recipient of America’s Credit Unions’ distinguished Diamond Award and has been recognized by retail banking influencer Jim Marous in his Fisionaries Podcase, and Fortune Magazine, who recognized it as a “hub to help members manage their accounts more efficiently and protect their financial health.” Savings and loan products have been recognized by notable publications such as CNBC, CNN, Kiplinger, Forbes, and Fortune.
The credit union has also been Certified™ by Great Place to Work® for the third year in a row and named by Fortune Media as one of the Best Workplaces in Financial Services and Insurance for two consecutive years.
Read more about Quorum’s win here!
About Quorum Federal Credit Union
Quorum Federal Credit Union (quorumfcu.org) is a forward-thinking, 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™.
To learn more about Quorum, and how to join, visit quorumfcu.org/why-quorum.
About Bankrate
Bankrate (bankrate.com) has guided savers and spenders through the next steps of their financial journeys since 1976. Whether it’s rates or information on mortgages, investing, credit cards, personal loans, insurance, taxes or retirement, the company offers various free resources to help consumers reach their goals. From product comparison tools to award-winning editorial content, Bankrate provides objective information and actionable next steps. Bankrate also aggregates rate information from over 4,800 institutions on more than 300 financial products, with coverage in more than 600 local markets. It’s why over 100 million people put their trust in Bankrate every year.