Jun, 30, 2024 — EMPOWER FEDERAL CREDIT UNION is a federal credit union headquartered in SYRACUSE, NY with 28 branch locations and about $3.04 billion in total assets. Opened 86 years ago in 1939, EMPOWER FEDERAL CREDIT UNION has about 247,131 members and employs 625 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EMPOWER FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Member Way SYRACUSE, NY 13212 |
Phone: | (315) 477-2200 |
Fax: | |
Website: | https://www.empowerfcu.com |
Branches: | 28 branch locations |
Members: | 247,131 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3025 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,040,144,235 |
CEO/Manager: | Brenda Carhart |
Chairperson: | Patrick Piscitelli |
ASSETS: | $ Amount |
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Cash & Equivalents | 119,738,745 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 723,030 |
Real Estate Loans | 1,308,779,195 |
Unsecured Loans | 204,591,582 |
Other Loans | 830,666,228 |
TOTAL LOANS | 2,344,183,080 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,881,636 |
Land And Building | 31,792,683 |
Other Fixed Assets | 9,238,943 |
NCUSIF Deposit | 23,513,844 |
All Other Assets | 332,092 |
TOTAL ASSETS | 3,040,144,235 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 100,000,000 |
Accounts Payable & Other Liabilities | 40,068,993 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 529,529,629 |
Regular shares | 903,878,324 |
All Other Shares & Deposits | 1,221,984,060 |
TOTAL SHARES & DEPOSITS | 2,655,392,013 |
TOTAL LIABILITIES | 2,795,461,006 |
Regular Reserve | 0 |
Other Reserves | -43,442,710 |
Undivided Earnings | 288,125,939 |
TOTAL EQUITY | 244,683,229 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,040,144,235 |
INCOME & EXPENSE | |
Loan Income | 72,960,796 |
Investment Income | 6,528,748 |
Other Income | 14,634,669 |
Total Employee Compensation & Benefits | 39,063,744 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 41,814,023 |
Non-operating Income & (Expense) | -633,018 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,852,072 |
Cost of Funds | 7,729,465 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 27,131,515 |
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