Purchase, NY, September 24, 2024 – 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 second time on this prestigious list (as well as being previously acknowledged in June by Fortune as a 2024 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 194,000 employees from Great Place to Work Certified™ companies in the financial services and insurance industry.
“Being named one of Fortune’s Best Workplaces in Financial Services is an incredible honor that reflects our mission of Banking That’s Good. For You,” says Jeff Pachter, President and CEO of Quorum Federal Credit Union. “We’re obsessed with doing Good by and for our members, and that dedication starts with our employees. By fostering an environment where our team feels supported, value, and empowered to grow, we ensure that the same care extends to every member interaction. When our employees thrive, so do our members—and that’s what drives our 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 8.2 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.
“Congratulations to the Best Workplaces in Financial Services & Insurance,” says Michael C. Bush, CEO of Great Place to Work. “These companies not only outperform the average for their industry but have created workplaces that outshine the average in every category, proving the importance of building trust with workers, no matter the industry.”
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 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 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.
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 2024 Fortune Best Workplaces for Financial Services & Insurance by analyzing confidential survey responses from more than 1.3 million employees, representing the experiences of 8.2 million employees in the U.S. in 2023 and 2024. Of those responses, more than 194,000 responses were received from employees at Great Place To Work Certified companies in the financial services and insurance industry, and these rankings are based on that feedback. Company rankings are derived from 60 employee experience questions within the Great Place To Work Trust Index™ Survey. Companies with 10 to 999 employees competed in the small and medium category. Companies with 1,000 or more
employees were considered for the large category. 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. Its proprietary platform and Great Place To Work Model help companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified and receiving recognition on a coveted Best Workplaces™ List.
Follow Great Place To Work on LinkedIn, X, and Instagram or visit greatplacetowork.com and sign up for the newsletter to learn more.
About Fortune
Fortune upholds a legacy of award-winning writing and trusted reporting for executives who want to make business better. Independently owned, with a global perspective and digital agility, Fortune tells the stories of a new generation of innovators, builders, and risk takers. Online and in print, Fortune measures corporate performance through rigorous benchmarks and holds companies accountable. Fortune creates communities by convening true thought leaders and iconoclasts — those who shape industry, commerce, and society – through powerful and prestigious lists, events, and conferences, such as the iconic Fortune 500, the CEO Initiative, and Most Powerful Women. For more information, visit fortune.com.