Credit union
Empower Federal Credit Union
Syracuse, New York, Onondaga County, NY
$4.3B in total assets and 310,884 members, the 113th largest of 4,298 US credit unions and 10th of 268 headquartered in New York.
- NCUA charter
- 3025
- Charter
- Federal
- Chartered
- 1939
- NCUA insured since
- 1971
- Field of membership
- Multiple common bond - primarily communications and utilities
- Low-income designation
- Yes
- Website
- http://www.empowerfcu.com
At a glance
Compared with 20 federally insured credit unions in New York with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $4.3B | 70% | $2.4B | |
| Loans | $3.6B | 80% | $1.5B | |
| Deposits (shares) | $3.9B | 70% | $2.1B | |
| Members | 310,884 | 80% | 113,644 | |
| Return on assets | 0.81% | 60% | 0.73% | |
| Net interest income to assets | 3.72% | 75% | 3.14% | |
| Efficiency ratio | 66.6% | 30% | 70.3% | |
| Net worth ratio | 9.67% | 25% | 10.34% | |
| Loans to shares | 92% | 75% | 84% | |
| Cost of deposits | 2.27% | 80% | 1.88% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 11.0% a year over 10 years and 10.3% a year over the last 5, including 1 merger in the last 10 years. Membership grew 7.5% a year over 5 years, to 310,884.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Oct 2021 | Horizons Federal Credit Union Credit union, Binghamton, NY | $141M |
| Jan 2016 | Focal Point Federal Credit Union Credit union, Syracuse, NY | $46M |
| Jan 2013 | Cayuga County School Employees Federal Credit Union Credit union, Auburn, NY | $5M |
| Jan 2011 | Providers Federal Credit Union Credit union, Syracuse, NY | $9M |
Where they operate
26 branches in 10 counties.
1 of 26 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Onondaga County, NY | 12 | 7.2% | 3 of 35 |
| Broome County, NY | 3 | 4.5% | 6 of 14 |
| Oswego County, NY | 3 | 7.9% | 8 of 10 |
| Erie County, NY | 2 | 0.7% | 19 of 70 |
| Cayuga County, NY | 1 | 3.8% | 9 of 15 |
| Chemung County, NY | 1 | 4.0% | 7 of 11 |
| Madison County, NY | 1 | 4.3% | 6 of 10 |
| Montgomery County, NY | 1 | 6.2% | 4 of 9 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 25 | |
| 2017 | 24 | −1 |
| 2018 | 25 | +1 |
| 2019 | 25 | 0 |
| 2020 | 26 | +1 |
| 2021 | 30 | +4 |
| 2022 | 29 | −1 |
| 2023 | 29 | 0 |
| 2024 | 25 | −4 |
| 2025 | 25 | 0 |
| Jun 2026 | 26 | +1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 1.05% | 0.84% |
| Net worth ratio | 9.67% | 10.34% |
| Loans to shares | 92% | 84% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in New York
Most branches in Onondaga County, NY
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.