Empower Federal Credit Union® announces $4.5 million ‘giveback’ bonus dividend & interest rebate
SYRACUSE, NY (December 28, 2021) — Empower Federal Credit Union announces another ‘giveback’ to our members for 2021. This year, the credit union is paying $4.5 million in ‘giveback’ bonus dividends and interest rebates to reward Empower members.
Lori Verzillo, Senior Vice President/ Chief Retail Officer, “As we continue to navigate through these difficult times, we are pleased to announce the Board of Directors approved a $4,500,000 member giveback to our member-owners. Over the past 14 years, Empower FCU has given back $44,000,000 to our member-owners. We thank all our many members who take advantage of the products and services we offer; and for all your patience and perseverance during these difficult times.” The amount each member receives represents a percentage of savings account dividends earned and a rebate on loan interest paid throughout the year.
Members in good standing will see the bonus dividends and interest rebates, excluding student loans, posted on December 31, 2021.
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.
