Empower Federal Credit Union

Headquarters

1 Member Way
Syracuse, NY 13212
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 3.50% →
1-Year CD 0.50% 3.70% →
2-Year CD 0.60% 3.80% →
5-Year CD 0.85% 4.25% →
30-Year Mortgage N.A. 6.20% →
15-Year Mortgage N.A. 5.66% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Empower is an NCUA insured institution located in Syracuse, NY. It was founded in 1939 and has approximately $2926.95 millions in assets.

Who can join?

You can if...

You are employed by/or retired from any of their member groups.

You are a member of/or employed by any of our eligible associations or organizations.

You are an immediate family (spouse, child, sibling, parent, grandparent, grandchild, stepparents, stepchildren, stepsiblings and adoptive relationships) or household member (Persons living in the same residence and maintain a single economic unit. Includes any person who is a permanent member of and helps maintain the physical and or financial maintenance of the household.) of a current Empower Federal Credit Union member.

You live, work, worship, or attend school in an area included in one of Empower's neighbor areas: City of Buffalo, City of Binghamton, City of Syracuse, Town of Geddes, City of Utica, Oswego County, Town of Cheektowaga, Town of Union, designated areas of Liverpool, Montgomery County, Village of New York Mills, City of Elmira (except census tract #5, West Elmira, and Big Flats), Village of Elmira Heights, and Village of Horseheads.

NCUA Insured Yes / Federally Chartered
Charter Number # # 3025
Date Established 1939
Assets $2,926.95 million
Loans $2,018.27 million
Deposits $2,621.91 million
Capital $280.34 million
 

Field of Membership Restrictions

Membership in Empower Federal Credit Union is open to those who live, work, worship, or attend school in the following areas: (1) the Cities of Buffalo, Binghamton, Syracuse, and Utica; (2) the towns of Geddes, Cheektowaga, and Union; (3) Oswego County; (4) designated areas of Liverpool, Montgomery County, Village of New York Mills, City of Elmira (except census tract #5, West Elmira, and Big Flats), Village of Elmira Heights, Nedrow, and Village of Horseheads. Membership is also open to employees and members of over 300 Select Employee Groups.

Deposit Rates - October 6, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.35% $2,500 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $500 - Learn More
12 Mo CD
0.50% $500 - Learn More
18 Mo CD
0.55% $500 - Learn More
24 Mo CD
0.60% $500 - Learn More
36 Mo CD
0.70% $500 - Learn More
48 Mo CD
0.80% $500 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 - Learn MoreShow Less

Loan Rates - October 6, 2022

Your Current Location: California, CA 92111

There are currently no loan rates available for EMPOWER

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
7.010% 6.875% 0.88 $3,438 $1,643 Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
6.349% 6.250% 0.63 $2,618 $1,540 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.113% 6.990% 0.75 $3,125 $1,662 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
5.740 %
After Intro: 7.000 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to EMPOWER
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Empower branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


Empower Locations



Climate Initiatives

EMPOWER is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Empower Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Empower. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Empower U.S. Average
5.92% 4.75

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2022, Empower had $17,930,068 in non-current loans and $536,057 in owned assets. To cover these potential losses it had $280,342,488 in net worth and $31,646,157 in loans loss reserves. That gives it a Texas Ratio of 5.92%.

Net Worth
Empower U.S. Average
9.58% 12.28%

Empower FCU has a net worth of 9.58% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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