Empower Credit Union
Headquarters
10635 W Greenfield Ave
West Allis, WI 53214
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2024 Overview
General Credit Union Information
Empower is an NCUA insured institution located in West Allis, WI. It was founded in 1997 and has approximately $91.32 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68317 |
| Date Established | 1997 |
| Assets | $91.32 million |
| Loans | $67.99 million |
| Deposits | $71.20 million |
| Capital | $18.25 million |
Field of Membership Restrictions
Empower Credit Union of Wisconsin is open to the residents and people maintaining employment within these eligible counties: Milwaukee, Waukesha, Washington, and Racine as well as the current and retired employees of the Wisconsin Energy Corporation and/or the other credit union affiliated employers that are listed on the credit union website, members of the International Brotherhood of Electrical Workers Union and the family members of these designated people.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.06% | $2,500 | $4,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.16% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.16% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: 491986 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Empower
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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:
Columbus,Ohio
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 |
|---|---|
| 9.21% | 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 $1,587,019 in non-current loans and $124,000 in owned assets. To cover these potential losses it had $18,251,315 in net worth and $325,897 in loans loss reserves. That gives it a Texas Ratio of 9.21%.
Net Worth
| Empower | U.S. Average |
|---|---|
| 19.99% | 13.62% |
Empower FCU has a net worth of 19.99% 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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