Empower Federal Credit Union


Overview / Commentary
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 122nd largest credit union in the nation. It was established in 1939 and as of September of 2024, it had grown to 579 employees and 277,374 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.



Health

Health Grade Components

Overall
NCUA #3025
Year Chartered1939
Employees579
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD12.24%
Annual Interest Income$144.7MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$3.76B$3.24B
LoansQ3 2024vs Q3 2023$2.97B$2.54B
DepositsQ3 2024vs Q3 2023$3.39B$2.93B
Equity CapitalQ3 2024vs Q3 2023$326.5MM$262.6MM
Loan Loss AllowanceQ3 2024vs Q3 2023$36.5MM$35.6MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$18MM$16.6MM
Real Estate OwnedQ3 2024vs Q3 2023$246K$513K
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Empower Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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-IRA Share Account
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
5.10%$500-Business 9 Month Share Certificate
5.10%$500-9 Month Share Certificate
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
4.10%$500-3 Month Share Certificate-New Money
4.10%$500-Business 3 Month Share Certificate-New Money
4.05%*$100k*-30 Month Share Certificate
OTHER TIERS: 3.95% $500 - $100k
4.05%*$100k*-Business 30 Month Share Certificate
OTHER TIERS: 3.95% $500 - $100k
3.90%$500-5 Year Share Certificate
3.90%*$100k*-24 Month Generation Wealth Builder Share Certificate Special
OTHER TIERS: 3.85% $100 - $100k
3.90%$500-Business 5 Year Share Certificate
3.90%*$100k*-24 Month Share Certificate Special
OTHER TIERS: 3.85% $500 - $100k
3.90%*$100k*-Business 24 Month Share Certificate Special
OTHER TIERS: 3.85% $500 - $100k
3.80%$500-3 Year Share Certificate
3.80%$500-4 Year Share Certificate
3.80%$500-Business 3 Year Share Certificate
3.80%$500-Business 4 Year Share Certificate
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
3.05%$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
5.10%$500-9 Month IRA
4.55%*$100k*-15 Month IRA
OTHER TIERS: 4.50% $500 - $100k
4.10%$500-3 Month IRA-New Money
4.05%*$100k*-30 Month IRA
OTHER TIERS: 3.95% $500 - $100k
3.90%$500-5 Year IRA
3.90%*$100k*-24 Month IRA Special
OTHER TIERS: 3.85% $500 - $100k
3.80%$500-3 Year IRA
3.80%$500-4 Year IRA
3.35%$500-18 Month IRA
3.30%$500-12 Month IRA
3.05%$500-6 Month IRA
0.80%$500-10 Year IRA
Locations

Availability

Syracuse Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.