# Empower Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/empower-federal-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Empower Federal Credit Union is a credit union, headquartered in Syracuse, NY, serving borrowers across 7 states, with 895 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 13% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 13% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300YKTME1U7Z0UN20
- **Headquarters:** Syracuse, NY
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** CT, FL, NC, NY, PA, SC, TN
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 87/100
- Rating: ●●●●● (5/5)

### Pull Through: Exceptional 🤩
- Score: 87/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.193%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $0
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 895
- **Dollar Volume:** $162 million
- **Applications Received:** 1,118
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $180,855
- **Average Borrower Income:** $103,199
- **Average Property Value:** $248,106

## Safe Rate Awards 🏆

- 💎 **Conventional Diamond Champion** (84%)
- 💎 **Refinance Diamond Champion** (84%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 79/100 | 885 | +0.193% | $0 | Strong 😀 |
| Jumbo | 40/100 | 10 | - | - | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 676 loans, Score: 78/100 (Strong)
- Refinance: 209 loans, Score: 78/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 76/100 | 683 | $133M | +0.342% | Strong 😀 |
| Refinance | 77/100 | 212 | $29M | +0.148% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 873 | 0.77% | 87/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Syracuse, NY | NY | 710 | 100/100 |
| Non |  | 63 | 44/100 |
| Binghamton, NY | NY | 32 | 62/100 |
| Utica | NY | 20 | 54/100 |
| Elmira, NY | NY | 15 | 52/100 |
| Buffalo | NY | 13 | 43/100 |

## Where This Lender Ranks

Empower Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in New York
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders)
- 🥇 **#1** in New York Credit Unions
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in New York for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥇 **#1** in Syracuse, NY
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders)
- 🥇 **#1** in Syracuse, NY Credit Unions
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Syracuse, NY for Conventional Loans
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Syracuse, NY for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥇 **#1** in Binghamton, NY for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/binghamton-ny/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in New York for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥈 **#2** in Utica Credit Unions
  - [View Full Rankings](https://saferate.com/utica/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in Utica for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/utica/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥉 **#3** in Binghamton, NY
  - [View Full Rankings](https://saferate.com/binghamton-ny/best-mortgage-lenders)
- 🥉 **#3** in Elmira, NY for Conventional Loans
  - [View Full Rankings](https://saferate.com/elmira-ny/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in Elmira, NY for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/elmira-ny/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in New York for Conventional Loans
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Binghamton, NY for Conventional Loans
  - [View Full Rankings](https://saferate.com/binghamton-ny/best-mortgage-lenders/conventional-loans)
- 🏆 **#6** in Utica
  - [View Full Rankings](https://saferate.com/utica/best-mortgage-lenders)
- 🏆 **#9** in Utica for Conventional Loans
  - [View Full Rankings](https://saferate.com/utica/best-mortgage-lenders/conventional-loans)
- 🏆 **#13** in New York for Jumbo Loans
  - [View Full Rankings](https://saferate.com/new-york-state/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does Empower Federal Credit Union offer?

Empower Federal Credit Union offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Empower Federal Credit Union offer mortgages?

Empower Federal Credit Union offers mortgages in 7 states: CT, FL, NC, NY, PA, SC, TN.

### How competitive are Empower Federal Credit Union's mortgage rates?

Empower Federal Credit Union has a pricing score of 87/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.193% above market average.

### What type of lender is Empower Federal Credit Union?

Empower Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Syracuse, NY.

### What is Empower Federal Credit Union's loan approval success rate?

Empower Federal Credit Union has a pull-through score of 87/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/empower-federal-credit-union

### How to Cite

> "Empower Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/empower-federal-credit-union

---

**[View Interactive Profile →](https://saferate.com/lenders/empower-federal-credit-union)**