Empower Federal Credit Union


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

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD 0.50% 0.75% →
2-Year CD 0.60% 0.80% →
5-Year CD 0.85% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Empower is an NCUA insured institution located in Syracuse, NY. It was founded in 1939 and has approximately $2654.52 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 $2,654.52 million
Loans $1,812.31 million
Deposits $2,370.88 million
Capital $241.05 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 27, 2021

Your Current Location: Connecticut, CT 06828

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
60 Mo CD
0.85% $500 - Learn More
Variable IRA Rates APY MIN MAX
0.15% $1 - Learn MoreShow Less

Loan Rates - October 27, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
2.807% 2.750% 0.75 $1,855 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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



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:

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
2.43% 3.79

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 June 30, 2021, Empower had $6,386,714 in non-current loans and $214,706 in owned assets. To cover these potential losses it had $241,051,760 in net worth and $30,881,133 in loans loss reserves. That gives it a Texas Ratio of 2.43%.

Net Worth
Empower U.S. Average
9.08% 12.22%

Empower FCU has a net worth of 9.08% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Empower

Branches and Savings

What is Empower?

A federal credit union, registered with the NCUA under certificate #3025.
Learn more about credit unions here.

Is Empower FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Empower is insured by the NCUA.

Who can join Empower?

Please see Field of Membership information above for information on who is eligible to join.

What are Empower's share account and share certificate rates?

Empower's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Empower?

Empower has total capital of $241.05 million. Full information on Empower's financial position is located above.

Who owns Empower?

Credit Unions are owned by their members.

Where are Empower branches located?

See branch locations nearby.

Are Empower ATMs Open 24/7?

Do Empower ATMs accept cash deposits?

Can Empower customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Empower have a mobile app?

Does Empower have mobile deposit?

Does Empower have quick pay?

How can Empower transfer money to other banks or credit unions?

Does Empower report to credit bureaus?

Does Empower use Chexsystems?

Does Empower use Equifax?

What is Empower's toll free phone number?

What is Empower's ACH Routing Number?

What is Empower's SWIFT code?

Where can I find Empower's wire transfer form?

What is the Empower address for deposits?

What Products Does Empower Offer

Does Empower offer mortgages?

Compare mortgage rates here.

Does Empower offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Empower offer auto and RV loans?

Compare auto loan rates here.

Does Empower offer student loans or personal loans?

Compare personal loan rates here.

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