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Empower Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
3.60%
Our Rating
4.2  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.empowerfcu.com
315-477-2200
1 Member Way
Syracuse, NY 13212

Empower Federal Credit Union is headquartered in Syracuse and is the 10th largest credit union in the state of New York. It is also the 123rd largest credit union in the nation. It was established in 1939 and as of December of 2024, it had grown to 577 employees and 281,598 members at 25 locations. Empower Federal Credit Union's CD rates are 4X the national average, and it has an A health rating.

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.
See current membership details

Reviews (1)

Terrible Experience With Management

Posted by: |

Terrible response from management when there was fraud on my credit card. They were ignoring me and telling me essentially not to worry about it as if they were speaking to someone stupid would say "Oh, OK. I won't worry about it". Being patronizing and not showing me respect. Trying to get me to just let it blow over. That is so unprofessional.

5


Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #3025
Year Chartered1939
Employees577
Primary Regulator
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD11.65%
Annual Interest Income$197.9MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$3.84B$3.5B
LoansQ4 2024vs Q4 2023$3.07B$2.67B
DepositsQ4 2024vs Q4 2023$3.46B$3.15B
Equity CapitalQ4 2024vs Q4 2023$326.8MM$286.8MM
Loan Loss AllowanceQ4 2024vs Q4 2023$39.4MM$33.5MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$22.1MM$16.2MM
Real Estate OwnedQ4 2024vs Q4 2023$389K$375K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/21/2025
3.60%
Our Rating
4.2  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Empower Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$10k*-Health Savings Account (HSA)
OTHER TIERS: 1.00% → $0 - $2.5k | 1.05% → $2.5k - $5k | 1.10% → $5k - $10k
0.55%$0-Membership Share Savings
0.55%$0-Club Accounts
0.55%$0-Secondary Share Savings
0.55%$0-Business Membership Savings
0.55%$0-Business Secondary Share Savings

Empower Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.55%*$250k*-Premium Money Market
OTHER TIERS: 1.05% → $2.5k - $10k | 1.15% → $10k - $25k | 1.25% → $25k - $50k | 1.35% → $50k - $100k | 1.45% → $100k - $250k
1.55%*$250k*-Premium Money Market IRA
OTHER TIERS: 1.05% → $2.5k - $10k | 1.15% → $10k - $25k | 1.25% → $25k - $50k | 1.35% → $50k - $100k | 1.45% → $100k - $250k
1.55%*$250k*-Business Money Market Account
OTHER TIERS: 1.05% → $2.5k - $10k | 1.15% → $10k - $25k | 1.25% → $25k - $50k | 1.35% → $50k - $100k | 1.45% → $100k - $250k

Empower Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.55%*$100k*-15 Month Share Certificate
OTHER TIERS: 4.50% → $500 - $100k
4.55%*$100k*-Business 15 Month Share Certificate
OTHER TIERS: 4.50% → $500 - $100k
4.00%$500-9 Month Share Certificate Special - New Money
4.00%$500-Business 9 Month Share Certificate Special - New Money
3.80%*$100k*-24 Month Generation Wealth Builder Share Certificate Special
OTHER TIERS: 3.75% → $100 - $100k
3.80%*$100k*-24 Month Share Certificate Special
OTHER TIERS: 3.75% → $500 - $100k
3.80%*$100k*-Business 24 Month Share Certificate Special
OTHER TIERS: 3.75% → $500 - $100k
3.75%$500-3 Month Share Certificate-New Money
3.75%$500-Business 3 Month Share Certificate-New Money
3.35%$500-18 Month Share Certificate
3.35%$500-Business 18 Month Share Certificate
3.30%$500-12 Month Share Certificate
3.30%$100-12 Month Generation Wealth Builder Share Certificate
3.30%$500-Business 12 Month Share Certificate
3.25%$500-30 Month Share Certificate
3.25%$500-3 Year Share Certificate
3.25%$500-4 Year Share Certificate
3.25%$500-5 Year Share Certificate
3.25%$500-Business 30 Month Share Certificate
3.25%$500-Business 3 Year Share Certificate
3.25%$500-Business 4 Year Share Certificate
3.25%$500-Business 5 Year Share Certificate
3.05%$500-6 Month Share Certificate
3.05%$500-Business 6 Month Share Certificate
0.80%$500-10 Year Share Certificate
0.80%$500-Business 10 Year Share Certificate

Empower Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.55%*$100k*-15 Month IRA
OTHER TIERS: 4.50% → $500 - $100k
4.00%$500-9 Month IRA Special - New Money
3.80%*$100k*-24 Month IRA Special
OTHER TIERS: 3.75% → $500 - $100k
3.75%$500-3 Month IRA-New Money
3.35%$500-18 Month IRA
3.30%$500-12 Month IRA
3.25%$500-30 Month IRA
3.25%$500-3 Year IRA
3.25%$500-4 Year IRA
3.25%$500-5 Year IRA
3.05%$500-6 Month IRA
0.80%$500-10 Year IRA
0.55%$0-IRA Share Account
Locations

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