EMPOWER FEDERAL CREDIT UNION
SYRACUSE, NY | Onondaga County
Mission-Driven Bank or Credit Union
Overview
EMPOWER FEDERAL CREDIT UNION
15-0547278
1 MEMBER WAY
SYRACUSE, NY 13212
Onondaga County
SYRACUSE, NY 13212
Onondaga County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Mission-Driven Bank or Credit Union
Nonprofit location
- This nonprofit is not located in any CRA geographies.
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
-
Not reported
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
-
Not reported
CRA Alignment
CRA Category
Mission-Driven Bank or Credit Union
Bank or credit union that has been certified by the U.S. Treasury as a Community Development Financial Institution.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Date Certified
4/13/2017
Native American CDFI
N
Financial Institution Type
Credit Union
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
Year | Amount | Program | Awardee Name |
2017 | $776,500 | CDFI Financial Assistance | Empower Federal Credit Union |
2020 | $557,000 | CDFI Financial Assistance | Empower Federal Credit Union |
2021 | $1,826,265 | CDFI Rapid Response Program (COVID-19) | Empower Federal Credit Union |
Includes CDFI Fund awards granted between January 2013 and December 2023
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
-
Revenue
-
Assets
-
Not reported by IRS.
The income, revenue, and assets information was not included on this nonprofit's most recent tax filing or the nonprofit has not yet filed its first tax return.
IRS Business Master File Details
As of August 2024
Exempt Ruling Date
2020-01
Deductibility Status
Not reported
Last Tax Filing
2001
Organization Type
Not reported
Organization Tax Filing Status
990 - Government 501(c)(1)
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Not reported
Basis for Foundation/Public Charity Status
All organizations except 501(c)(3)
IRS Publication 78 Details
As of August 2024
Verified in Publication 78
No
Deductibility Limitation
Not reported
Organization Description
Not reported
IRS Form 990 Returns
Through August 2023
No IRS 990 returns are available for this nonprofit.
Nonprofit Location
Physical Address
1 MEMBER WAY
SYRACUSE, NY 13212
Onondaga County
SYRACUSE, NY 13212
Onondaga County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
45060
MSA/MD
36
State
067
County
0138.00
Tract
Middle
Income Level
Core-Based Statistical Area
45060 - Syracuse, NY
Combined Statistical Area
532 - Syracuse-Auburn, NY
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
12.08%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
Census Tract | County | |
---|---|---|
0138.00 | Onondaga County | |
Population | ||
Total Population | 2,169 | 472,637 |
Total Households | 844 | 192,785 |
Income | ||
Median Income* | $73,879 | $71,479 |
Median Family Income (2024 FFIEC est.) | $94,800 | $94,800 |
Tract Income Percentage | 92.61% | N/A |
Below Poverty Level | 5.6% | 13.9% |
Unemployment Level | 4.4% | 5.6% |
Housing | ||
Total Housing Units | 904 | 211,312 |
Total Owner-Occupied Units | 76.0% | 65.3% |
Total Renter-Occupied Units | 17.4% | 34.7% |
Total Vacant Units | 6.6% | 7.9% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
Management
Not reported
Total Voting Members
in Governing Body
in Governing Body
Not reported
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Not reported by nonprofit.
Principal Officer
Not reported by nonprofit.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is not available as the nonprofit did not e-file their tax return. As such, the hyphens (“-“) in this section indicate that the information was not available.
PDFs of this nonprofit's tax filings are included in the IRS Summary section above, when available from the IRS.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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