At Empower, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to providing a strong foundation for your financial needs, ensuring that you can trust us with your savings and loans. With a
net worth of $365,681,043, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of 971 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$917,404,875 in share certificates and
$623,512,499 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$409,669,858, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$317,235,978 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our robust lending capacity is highlighted by
$31,778 in used auto loans and total loans and leases amounting to
$2,972,132,037, supporting members' financial goals across various sectors. Our operational efficiency is reflected in our
net income of $29,971,164, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
579 full-time employees and
2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Total Share Accounts stand at an impressive
548,791, showing a strong and growing member base that trusts us with their finances. Our Net Shares available for lending and investments are at
$10,138,458, further strengthening our ability to serve you. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing or planning for the future, Empower is your trusted partner. Visit us at
1 Member Way Syracuse NY 13212 or call
315-477-2200 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov based on the latest results.
