News & Events

Quorum Federal Credit Union Named One of the 2024 Best Workplaces in New York™ by Fortune Media

Jun 13, 2024

Purchase, NY, June 13, 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 New York by Fortune Media for the second year in a row. Quorum was eligible for the honor based on its earlier Great Place to Work Certification™. Earning a spot means Quorum has surpassed rigorous benchmarks, establishing itself as one of the best workplaces among companies headquartered in New York.

To determine the Fortune Best Workplaces in New York™ List, Great Place To Work collected more than 140,000 confidential survey responses from employees at eligible companies. Via the Trust Index™ Survey, employees shared honest feedback about their experience by responding to 60 statements about the employee experience and answering two open-ended questions.

“We’re thrilled to be named one of the best workplaces in New York by Fortune for the second year in a row,” said President and CEO Jeffrey Pachter. “We know it’s essential to build a culture in which Quorum is continuously delivering on our promise Banking That’s Good. For You to our members and partners. Culture is the backbone of successful organizations, and achieving the perfect one is a continuous pursuit: we’re never done building the happiest and most fulfilled team we possibly can. Our culture is why we have been successful at retaining and attracting top talent and why we have been so successful in every initiative we’ve undertaken. Kudos to our amazing Quorum team.”

Fortune’s Best Workplaces in New York list is highly competitive. 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.

To be eligible for Fortune’s list, companies must be Great Place To Work Certified™, have at least 10 U.S. employees, and be headquartered in the New York region.

“Congratulations to the Best Workplaces in New York,” says Michael C. Bush, CEO of Great Place To Work®. “As the business landscape is disrupted — from AI, global conflict, and market pressure — companies who have built a reservoir of trust with their employees will be more resilient and, ultimately, more successful.”

Quorum benefits are continuously evaluated and evolved to remain competitive, the latest being free password management software and LinkedIn Learning licenses for all employees. Other benefits include: 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; a progressive time-off policy (paid personal time, birthday time, company-observed holiday time, purchase/sell-back program to help employees right-size the amount of time they need for the year, and a Volunteer Time Off policy, allowing all in-office, hybrid and fully remote workers to give back to their community during work hours while still getting paid); tuition reimbursement and a bonus/commission plan that reward all for contributing to the company’s success; a flexible work schedule (including a hybrid work model and four-day work-week); 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).

In addition to top benefits, virtual teambuilding events are prioritized – 2024 events have included: a virtual tour of the Louvre, Virtual Trivia Kickball, and Mindfulness and Meditation sessions.

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 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. It calls this mission Banking That’s Good. For You™.

About the Fortune Best Workplaces in New York

Great Place To Work selected the 2024 Fortune Best Workplaces in New York by surveying companies that together employ more than 8.2 million people in the U.S., with over 1.3 million confidential survey responses received. Of those, nearly 140,000 responses were received from employees at companies who were eligible for the 2024 Fortune Best Workplaces in New York List, and these rankings are based on their feedback. To be eligible for the list, companies must be Great Place To Work Certified™, have at least 10 U.S. employees, and be headquartered in the New York region. Read the full methodology. To get on this list next year, start here.

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 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.