Purchase, NY, November 6, 2023 – 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 second 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 146 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 a Great Place to Work for its second consecutive year,” said President and CEO Jeffrey Pachter. “We know no company can win over the long haul without engaged employees who believe in the company and understand that they are an integral part of its mission. By putting our employees first, we are trusting that they will put our members and partners first and deliver a best-in-class banking experience. And the belief has paid off: we continue to be acknowledged for our culture, while also being recognized in the industry as one of the best credit unions in the United States.”
Ninety-three percent of Quorum employees also said that they were made to feel welcome when joining Quorum, and 93 percent felt the credit union offered special and unique benefits.
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 magic shows, to 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.
*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.