5-Star Empower Federal Credit Union Proves it Has What it Takes

Syracuse, NY - January 2023: BauerFinancial, Inc., the Nation’s Premier Credit Union and Bank Rating Firm, has once again awarded Empower Federal Credit Union its top (5-Star) rating. “It’s important to impress, this award is not granted; it is earned”, emphasizes Karen Dorway, president of BauerFinancial. “And, having earned 5-Stars for 40 (or more) consecutive quarters, Empower Federal Credit Union has earned an even higher designation as an ‘Exceptional Performance Credit Union’”.

Bauer rates every federally-insured credit union with the same strict standards, and is pleased to report that Empower Federal Credit Union continues to excel among its peers in areas of capital adequacy, loan quality and more. This marks the 41st consecutive quarter it has done so - since December 2012! Now that’s worth celebrating. Empower Federal Credit Union has certainly proven it has what it takes to carry it through 2023, whatever it may bring. 

“With the Federal Reserve raising interest rates at breakneck speed, it may be tough for some institutions to keep pace”, cautions Dorway. “But, with high capital cushions and an established track record, Empower Federal Credit Union is well-positioned to continue to thrive and be a source of strength for its membership.”

Empower Federal Credit Union was established in 1939 and has been a rock-solid partner for its members ever since. That’s 84 years of relationship-building and bond-strengthening. Everyone within its Field of Membership (FOM) should be proud to call Empower Federal Credit Union their credit union. 

Empower Federal Credit Union: “Committed to You.”

Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although; the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. Since 1983, BauerFinancial has relied upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings). BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.

 

What do you want out of life?

Empower Federal Credit Union welcomes employees of many companies, immediate family/household members of employees and retirees, as well as our outreach to underserved communities to enjoy personal and business banking solutions including auto loans, mortgages*, credit cards and more. Bank online, in any central NY branch, or call us at 315.477.2200.

* Home mortgages available in FL, PA, CT, NY and NC.

Empower Federal Credit Union rated 5-Stars by Bauer in 2023