Empower Federal Credit Union

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A short history of Empower FCU

Since its inception in 1939 the Empower Federal Credit Union has been serving its members in the SYRACUSE, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by John Wakefield, the Empower FCU has grown its membership to over 169,370 with assets of more than $1,655,972,894. They have a main office and 25 branch offices. Please see the credit unions website or contact them by phone at (315) 477-2200 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SYRACUSE, NY.

General Information For Empower FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 3025
Address 1 MEMBER WAY 
State New York 
Zip-Code 13212
Phone Number (315) 477-2200
Fax Number () -
Email Address: none
CEO/President John Wakefield
Members 169,370 
Full-Time Employees 462 
Part-Time Employees
Number of Branch Offices 25 
Total Assets 1,655,972,894 
Website http://www.empowerfcu.com 

Compare Empower Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Syracuse Postal CU syracuse 5640 e taft rd 13220 (315) 458-5550 No 0.30
Crouse Hinds Employees CU crouse hinds employees federal cu 1201 wolf st 13221 (315) 477-5384 No 3.10
Edge CU main location 7545 Morgan Rd 13090 (315) 451-0105 No 4.15
Syracuse Cooperative CU Westcott Office 723 Westcott St 13210 (315) 471-1116 No 4.20
Syracuse Fire Department Employees CU Main Office 211 Wilkinson St 13204 (315) 471-4621 No 5.07

Empower Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Empower Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.24 1.99 2.49 3.50 3.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 177 34 51 72 27
Rank Among All New York Credit Unions 28 12 19 19 9

Empower Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.25 0.35 0.15
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 105 293 276
Rank Among All New York Credit Unions N/A 30 28 77 76
Empower Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.24045,36697,407,925
All Other Unsecured Loans/Lines of Credit 13.25033,30165,894,615
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.52084521,937,845
New Vehicle Loans 1.9906,668119,858,282
Used Vehicle Loans 2.49019,476216,701,658
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.5002,795295,260,975
Total Other Real Estate Loans/Lines of Credit 3.00010,750401,285,778
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 17.9906,72966,502,523
TOTAL LOANS & LEASES 125,9301,284,849,601

Empower Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 69468,883,89033838,574,344
    b. 15 Years or less 1,702110,101,97517317,883,824
    a. > 15 years 29896,431,6632216,785,696
    b. 15 Years or less 8518,078,64084,306,726
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 137,93000
Adjustable Rate > 1 yr 151,726,87700


Closed-End Fixed Rate 3,794109,901,16336315,636,023
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 6,956291,384,6154,43937,366,641
Open-End Fixed Rate 0000
TOTALS 13,545696,546,7535,343130,553,254


Interest Only & Payment Option 1st Mortgage Loans 161,3500
Interest Only & Payment Option Other RE/LOC Loans 906,011,863244,099
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Empower Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes