Empower Federal Credit Union® announces $4.5 million ‘giveback’ bonus dividend & interest rebate
SYRACUSE, NY (December 27, 2022) — Empower Federal Credit Union announces another ‘giveback’ to our members for 2022. All Empower members in good standing will receive a portion of this $4.5 million-dollar Giveback and the amount will be automatically credited to members’ primary membership share account (unless otherwise noted) by January 1st. Giveback represents a percentage of savings dividends earned1 and a rebate on loan interest paid2 for 2022, as well as Refer a Friend and MasterCard® Giveback Rewards.
Lori Verzillo, Senior Vice President/Chief Retail Officer, “We are pleased to announce the Board of Directors approved a $4,500,000 member giveback to our member-owners. Over the past 15 years, Empower FCU has given back $48,500,000 to our member-owners. The strong financial year was thanks to our members-owners who take advantage of the products and services we offer.”
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.
