Empower Federal Credit Union
Headquarters
Po Box 11127
Syracuse, NY 13218
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2024 Overview
General Credit Union Information
Empower is an NCUA insured institution located in Syracuse, NY. It was founded in 1939 and has approximately $3661.36 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 | $3,661.36 million |
| Loans | $2,852.21 million |
| Deposits | $3,297.29 million |
| Capital | $356.70 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 - November 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.55% | $0 | - |
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|
|
Money Market
|
1.05% | $2,500 | $9,999 |
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|
|
Money Market
|
1.15% | $10,000 | $24,999 |
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|
|
Money Market
|
1.25% | $25,000 | $49,999 |
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|
|
Money Market
|
1.35% | $50,000 | $99,999 |
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|
|
Money Market
|
1.45% | $100,000 | $249,999 |
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|
|
Money Market
|
1.55% | $250,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
3.05% | $500 | - |
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|
| 12 Mo CD
|
3.30% | $500 | - |
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|
| 18 Mo CD
|
3.35% | $500 | - |
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|
| 24 Mo CD
|
3.85% | $500 | - |
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|
| 36 Mo CD
|
3.80% | $500 | - |
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|
| 48 Mo CD
|
3.80% | $500 | - |
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|
| 60 Mo CD
|
3.90% | $500 | - |
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|
Loan Rates - November 23, 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: 1835285 |
6.391% | 6.250% | 1.00 | $4,800 | $1,971 | Learn More |
NMLS ID: 1025894 |
6.956% | 6.875% | 0.63 | $2,642 | $2,103 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
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:
Columbus,Ohio
Empower Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 304.22 | A | View Lobby Hours | |
| 359.53 | B | View Lobby Hours | |
| 398.82 | C | View Lobby Hours | |
| 400.06 | D | View Lobby Hours | |
| 400.90 | E | View Lobby Hours | |
| 402.95 | F | View Lobby Hours | |
| 403.67 | G | View Lobby Hours | |
| 416.78 | H | View Lobby Hours | |
| 416.92 | I | View Lobby Hours | |
| 418.21 | J | View Lobby Hours | |
| 419.19 | K | View Lobby Hours | |
| 420.53 | L | View Lobby Hours | |
| 420.81 | M | View Lobby Hours | |
| 421.19 | N | View Lobby Hours | |
| 421.55 | O | View Lobby Hours | |
| 421.79 | P | View Lobby Hours | |
| 423.07 | Q | View Lobby Hours | |
| 426.44 | R | View Lobby Hours | |
| 463.49 | S | View Lobby Hours | |
| 490.11 | T | View Lobby Hours | |
| 497.51 | U | View Lobby Hours |
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 |
|---|---|
| 4.45% | 5.83 |
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, 2024, Empower had $16,905,450 in non-current loans and $361,094 in owned assets. To cover these potential losses it had $356,697,101 in net worth and $31,103,525 in loans loss reserves. That gives it a Texas Ratio of 4.45%.
Net Worth
| Empower | U.S. Average |
|---|---|
| 9.73% | 13.93% |
Empower FCU has a net worth of 9.73% versus the BestCashCow average of 13.93. 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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