1936

General Foods gets on board.

General Foods employees in NYC devised a similar goal: “to pay as large a dividend to shareholders as possible and, at the same time, make loans available to members at the lowest possible rates.” In its first year, General Foods Federal Credit Union (GFFCU) saw 324 members, $6,374 in assets and a net income of $349.

1981

Once a member, always a member.

In 1981, the motto "Once a member, always a member" was adopted by General Foods Federal Credit Union, guaranteeing membership for life, regardless of a career change, retirement, move or change in household.

1987

ATMs enter the picture.

GFFCU installed its first ATM machines, extended membership eligibility to lifetime status, and broadened membership to Philip Morris employees. This was the year Philip Morris purchased Kraft Foods, setting the stage for a merger between General Foods Federal Credit Union and Kraft Employees Credit Union several years later.

2005

The Quorum Name.

In June of 2005, the Credit Union opened its doors to additional Select Employee Groups (SEGs), causing a surge in membership to 41,000 and assets to $537M. In December 2005, the Credit Union changed its name to Quorum Federal Credit Union to reflect its growth beyond its corporate roots.

2009

Game-changing growth.

Quorum launched the Vacation Ownership Funding Company to expand its reach into the vacation interval industry, and partnered with CU Student Choice, helping undergraduate students bridge the gap between total education costs, and traditional financial aid. By the end of the year, Quorum had helped over 50 students go to college, and loaned over $500,000.

2014

New brand, website, and online banking.

In March 2014, Quorum launched a new brand platform, corporate website and online banking service, incorporating a new visual brand identity and logo—all focused on delivering a superior member experience.