To Our Valued Empower FCU Members,

With Silicon Valley Bank and Signature Bank making news over the last few days, I want to assure you that Empower Federal Credit Union and your deposits are safe and secure.

Your deposits with Empower FCU are federally insured by the National Credit Union Administration (NCUA) and the National Credit Union Share Insurance Fund (NCUSIF) to at least $250,000. You may have additional share insurance coverage depending on how your deposits are structured. New York credit union members have never lost a penny of insured savings at a federally insured credit union, and financial regulators routinely examine us to ensure proper management and financial soundness. 

This is a good time also to emphasize that Empower FCU has once again earned the 2023 5-star rating from Bauer Financial Inc., a highly respected organization that completes an independent analysis of banks and credit unions nationwide. In addition to achieving this 5-star rating for 40 consecutive quarters, Empower FCU has earned an even more prestigious designation as an “Exceptional Performance Credit Union.” This distinction is not easily earned, and we are very proud of this accomplishment.

Empower FCU has been serving our community since 1939, and we will be here to support you long into the future.
Ryan McIntyre