Dedicated to Deposits: Deals, Data, and Discussion

6.00% 6-Month CD Continues at Empower FCU in New York


Empower FCU continues to offer a 6.00% APY 6-month share certificate. It's scheduled to end on May 31st. I thought this was worth reminding folks before it's too late. I first reported on this in mid April. The minimum deposit is $500. It's available for both regular and IRA share certificates.

A reader mentioned being able to get 6.25% APY. There is a 0.25% CD rate bump provided for G-Smart members.

Field of membership includes those who live, work, worship or attend school in several New York cities including Buffalo, Fulton, Syracuse and Utica. See site for complete list. You can also be eligible to join via an company or an association (see pdf document). There are many societies and associations listed including the American Cancer Society and the Boy Scouts of America. Another one is The Society of Creative Anachronism, Inc. (on page 22). Membership is open to all and can be done online for a minimum cost of $20. A reader mentioned being eligible by joining the CNYPCUG for a cost of $35.

The credit union is federally insured by the NCUA (Charter # 3025). It has $309.5 million in assets and 32,499 members.

Related Pages: New York, CD rates

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Comment #1 by Anonymous posted on
All contact with this CU (email via "contact us," both 315 and 800 #s as posted on web) seem to require a member number. For example, recorded phone directions say to press "0" to reach an operator, yet upon doing so I'm prompted for my member #. Does anyone know how a non-member can inquire about joining? Thanks.

Comment #2 by Anonymous posted on
Not sure why you are encountering a problem, or what number you are dialing. Dial 1-800-462-5000 then, if all else fails, try for X5817. If you cannot get through to the person on that extension, leave a message requesting a callback. I am an Empower member, having joined a while back. But I never ran into your dilemma, even before joining. Good luck!

Comment #3 by Anonymous posted on
The number you indicated is one of the two I tried. Thanks to you, I was able to get through this morning to a live person or her voicemail, at least, using X5817. Hopefully, "Susan" will return my call.

Comment #4 by Anonymous posted on
I applied for Empower FCU's 6% 6month CD. I keep calling about my application status, but could not get an anwer, then one representative told me they were returning applications from people more than 25 miles from the credit union. Has anybody heard of this before. I joined an organization that qualifies me to join. This would mean they offering CDs to some member and not others. Can they do that????

Comment #5 by Banking Guy (anonymous) posted on
Banking Guy
That would seem very unfair since they don't list that requirement in their documentation.

I have heard about credit unions offering certain promotions only to specific members. But this is usually well documented.

You may want to complain to the CU management and/or the CU board members (which members vote on). Also, you can file a complaint with the NCUA. See this NCUA page.

Comment #6 by Anonymous posted on
I just got some update they return my application because I joined the Society of Creative Anachronism mentioned on the site and they say you must specifically join the Barony of Delftwood club of that society because it is 25 miles from the credit union. That club does not have an online application. Are there any other clubs that can be joined online and get a member letter right away??