Empower FCU Pays $2.5 Million Bonus
Member rewards were based on savings account dividends earned and loan interest paid throughout 2011, the CU said.
President/CEO John D. Wakefield said Empower FCU enjoyed a prosperous 2011 with a significant increase in assets, loans and net income.
“Despite a challenging economy, 2011 was a strong year for Empower, so we are paying our members a give-back dividend and interest rebate,” Wakefield said. “It’s a way of sharing Empower’s success with its member-owners, and a way to thank them for their membership.”
Empower FCU serves more than 105,000 members in Central New York and eight counties in New York State.