The Enabler and the Lifeline: Diamond Resorts and Quorum FCU

Purchase, New York, is a woodsy, suburban hamlet on the Connecticut state line that’s known as much for its residents’ extraordinary wealth as it is for being the headquarters address for corporate heavyweights like MBIA, PepsiCo and MasterCard. The town is also home to Quorum Federal Credit Union, a small member-owned and tax-free cooperative; it has become a major lender to the vacation ownership interest business.