5-Star Empower Federal Credit Union proves it has what it takes
SYRACUSE, NY (January 13, 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.
About Empower Federal Credit Union
Empower Federal Credit Union is a full-service financial institution that provides savings, loan, and transaction services to members in Central New York, and in eight counties in New York State. Main offices are in Central New York. As a credit union, Empower is a financial cooperative and is not-for-profit. For information about this release or credit union membership, contact Mary Wilson: 800.462,5000. Locations and other information can be found at www.empowerfcu.com.