Empower Credit Union

515 Erie Boulevard West
Syracuse, NY 13218
315-477-2200
www.empowerfcu.com

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Empower Credit Union is headquartered in Syracuse and is the 13^st largest credit union in the state of New York. It is also the 168^th largest credit union in the nation. It was established in 1939 and as of December of 2012, it had grown to 352 employees and 116,383 members. Empower Credit Union's savings rates are 3X the national average, and it boasts a 5-star health rating.

2.25% APY 5- Year CD (Forum) - 9/21/2012

Empower FCU has a deal for anyone over 50 years old. Open a free checking account and have a direct deposit of a payroll or social security check and they will give you an extra .25% on any CD. You also get 2 free boxes of checks each yea

Competitive CD Rates at Empower Federal Credit Union in New York - 8/20/2012

Empower Credit Union is one of the few credit unions still offering 2% CDs and IRA CDs. However, you will need a large balance. The top rate is 2.05% APY for 5-, 7- and 10-year terms. This has a $100, ...

Empower Federal Credit Union Pays $2.5 Million Bonuses To Members (Forum) - 1/11/2012

From the Credit Union Times The Syracuse, N.Y.-based, $1 billion Empower Federal Credit Union paid active members a total of $2.5 million in bonus dividends and interest rebates on Dec. 31, the credit union announced. I reviewed other credit unions tha

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See Rates for: Checking | Savings | Money Market | CD | IRA

Empower Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.20%	-	-	Share Draft Checking Plus

Empower Credit Union Savings Account Rates

Apy	Min	Max	Product
1.50%	$10k	-	HSA Share Draft Checking
0.25%	-	-	Share Savings Account
0.25%	-	-	IRA Share Savings Account
0.25%	-	-	Health Savings Account (HSA)
0.25%	-	-	Generations - Dollar Dog Kids Club
0.25%	-	-	Generations - Teen Zone
0.25%	-	-	Generations - 50 Plus
0.25%	-	-	Roth IRA Share Savings Account
0.25%	-	-	Education IRA Share Savings Account
0.25%	-	-	Holiday Club Account
0.25%	-	-	Vacation Club Account
0.25%	-	-	Escrow Account
0.25%	-	-	Insurance Club Account
0.25%	-	-	Empower Club Account
0.25%	-	-	Business Share Savings Account

Empower Credit Union Money Market Rates

Apy	Min	Max	Product
0.50%	$250k	-	Premium Money Market
0.50%	$250k	-	Premium Money Market IRA
0.50%	$250k	-	Premium Money Market Roth IRA
0.50%	$250k	-	Premium Money Market Education IRA
0.50%	$250k	-	Business Money Market Account

Empower Credit Union CD Rates

Apy	Min	Max	Product
1.70%	$100k	-	5 Year Share Certificate
1.70%	$100k	-	7 Year Share Certificate
1.70%	$100k	-	10 Year Share Certificate
1.40%	$100k	-	4 Year Share Certificate
1.15%	$100k	-	3 Year Share Certificate
0.95%	$100k	-	30 Month Share Savings Certificate
0.85%	$100k	-	24 Month Share Certificate
0.85%	$100k	-	24 Month Generation Wealth Builder Share Certificate
0.85%	$100k	-	Business 24 Month Share Certificate
0.75%	$100k	-	18 Month Share Certificate
0.65%	$100k	-	12 Month Share Certificate
0.65%	$100k	-	12 Month Generation Wealth Builder Share Certificate
0.65%	$100k	-	Business 12 Month Share Certificate
0.50%	$100k	-	6 Month Share Certificate
0.50%	$100k	-	Business 6 Month Share Certificate
0.45%	$100k	-	3 Month Share Certificate
0.45%	$100k	-	Business 3 Month Share Certificate

Empower Credit Union IRA Rates

Apy	Min	Max	Product
1.70%	$100k	-	5 Year Share Savings Certificate IRA
1.70%	$100k	-	7 Year Share Savings Certificate IRA
1.70%	$100k	-	10 Year Share Savings Certificate IRA
1.70%	$100k	-	5 Year Share Savings Certificate Roth IRA
1.70%	$100k	-	7 Year Share Savings Certificate Roth IRA
1.70%	$100k	-	10 Year Share Savings Certificate Roth IRA
1.70%	$100k	-	5 Year Share Savings Certificate Education IRA
1.70%	$100k	-	7 Year Share Savings Certificate Education IRA
1.70%	$100k	-	10 Year Share Savings Certificate Education IRA
1.40%	$100k	-	4 Year Share Savings Certificate IRA
1.40%	$100k	-	4 Year Share Savings Certificate Roth IRA
1.40%	$100k	-	4 Year Share Savings Certificate Education IRA
1.15%	$100k	-	3 Year Share Savings Certificate IRA
1.15%	$100k	-	3 Year Share Savings Certificate Roth IRA
1.15%	$100k	-	3 Year Share Savings Certificate Education IRA
0.95%	$100k	-	30 Month Share Savings Certificate IRA
0.95%	$100k	-	30 Month Share Savings Certificate Roth IRA
0.95%	$100k	-	30 Month Share Savings Certificate Education IRA
0.85%	$100k	-	24 Month Share Savings Certificate IRA
0.85%	$100k	-	24 Month Share Savings Certificate Roth IRA
0.85%	$100k	-	24 Month Share Savings Certificate Education IRA
0.75%	$100k	-	18 Month Share Savings Certificate IRA
0.75%	$100k	-	18 Month Share Savings Certificate Roth IRA
0.75%	$100k	-	18 Month Share Savings Certificate Education IRA
0.65%	$100k	-	12 Month Share Savings Certificate IRA
0.65%	$100k	-	12 Month Share Savings Certificate Roth IRA
0.65%	$100k	-	12 Month Share Savings Certificate Education IRA
0.50%	$100k	-	6 Month Share Savings Certificate IRA
0.50%	$100k	-	6 Month Share Savings Certificate Roth IRA
0.50%	$100k	-	6 Month Share Savings Certificate Education IRA
0.45%	$100k	-	3 Month Share Savings Certificate IRA
0.45%	$100k	-	3 Month Share Savings Certificate Roth IRA
0.45%	$100k	-	3 Month Share Savings Certificate Education IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

EMPOWER
NCUA #	3025
BankRate Report	View
Year Chartered	1939
Employees	352
Primary Regulator
Assets and Liabilities
Assets	$1.13 billion
Loans	$827.63 million
Deposits	$1.01 billion
Equity Capital	$107.88 million
Loan Loss Allowance	$6.80 million
Unbacked Noncurrent Loans	$7.76 million
Real Estate Owned	$763,000
Historic Data - December 2011
Assets	$1.03 billion
Equity Capital	$95.41 million
Loan Loss Allowance	$5.51 million
Unbacked Noncurrent Loans	$7.65 million
Real Estate Owned	$941,000
Profit Margin - Quarterly
Net Interest Margin	4.71%
Return on Assets	1%
Return on Equity	10.43%
Interest Income	$47.13 million
Non-Interest Income	$26.80 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Empower Credit Union had $8.53 million in non-current loans and owned real-estate with $114.68 million in equity and loan loss allowances on hand to cover it. This gives Empower Credit Union a Texas Ratio of 7.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Empower Credit Union held steady from 8.51% as of December 31, 2011 to 7.44% as of December 31, 2012, resulting in a positive change of 12.63%.This indicates that the balance sheet and financial strength for Empower Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Empower Credit Union has increased its total deposits by $82.73 million, resulting in 8.9% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Empower Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Empower Credit Union has $1.13 billion in assets with $114.68 million in equity, resulting in a capitalization level of 10.16%, which is above average.