Empower Federal Credit Union


1 Member Way
Syracuse, NY 13212
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Notable Rates APY Vs.Others
Savings 0.55% 5.55% →
1-Year CD 3.85% 5.60% →
2-Year CD 4.60% 4.90% →
5-Year CD 3.15% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Empower is an NCUA insured institution located in Syracuse, NY. It was founded in 1939 and has approximately $3498.33 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 $3,498.33 million
Loans $2,665.72 million
Deposits $3,153.28 million
Capital $335.71 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 - April 23, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.55% $0 - Learn More
Money Market
1.05% $2,500 $9,999 Learn More
Money Market
1.15% $10,000 $24,999 Learn More
Money Market
1.25% $25,000 $49,999 Learn More
Money Market
1.35% $50,000 $99,999 Learn More
Money Market
1.45% $100,000 $249,999 Learn More
Money Market
1.55% $250,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
2.15% $500 - Learn More
12 Mo CD
3.85% $500 - Learn More
18 Mo CD
4.00% $500 - Learn More
24 Mo CD
4.60% $500 - Learn More
36 Mo CD
3.05% $500 - Learn More
48 Mo CD
3.10% $500 - Learn More
60 Mo CD
3.15% $500 - Learn More

Loan Rates - April 23, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.894% 6.750% 0.88 $4,746 $2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.463% 7.375% 0.88 $2,800 $2,211 Learn More
Neighbors Bank
NMLS ID: 491986
Learn More
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Empower
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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.

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Empower Locations

Climate Policy and Initiatives

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

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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
10.44% 6.97

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 December 31, 2023, Empower had $37,904,101 in non-current loans and $374,641 in owned assets. To cover these potential losses it had $335,709,879 in net worth and $31,103,525 in loans loss reserves. That gives it a Texas Ratio of 10.44%.

Net Worth
Empower U.S. Average
9.58% 13.62%

Empower FCU has a net worth of 9.58% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for Empower

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