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Empire One Credit Union

Overview
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Empire One Credit Union is a federal credit union based in West Seneca, New York. It has been opened since 1935, for 85 years.

With around $75,520,000 in assets, Empire One Credit Union is considered to be a large credit union. It has 3 branches and 2 ATM locations.

About
Address 3020 Orchard Park Road
West Seneca, New York 14224
Website http://www.empireonefcu.org
Phone (716) 854-2458
Fax (716) 854-3613
CEO Kelly Seiser
President of the Board Charlie Clark
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
7,045 members
Membership type: Community credit union
Above average number of members
522:1
Credit union member to staff ratio
522 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$75,517,112
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.30%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
Empire One Credit Union Branch Locations

Empire One Credit Union: Branch 020
3020 Orchard Park Road
West Seneca, New York 14224
ATM Available
Empire One Credit Union: Branch 010
1155 William Street
Buffalo, New York 14206
No ATM
Empire One Credit Union: Vital Records
1155 William Street
Buffalo, New York 14206
ATM Available
Members
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7,045 members
Membership type: Community credit union
Above average number of members

With 7,045 members, the Empire One Credit Union is considered to be a large credit union. It is larger than 64% of credit unions.

Fees
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$37
Average fee per member
The average fee per member at the Empire One Credit Union is $37, which is comparable to most credit unions. This rate is lower than 59% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Empire One Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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522:1
Credit union member to staff ratio
522 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
14 staff members
FTE (full-time equivalent)
31% of employees are part-time
11 full-time, 5 part-time

Empire One Credit Union has 11 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 69% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Empire One Credit Union has around 522 members per staff, a high ratio compared to other credit unions.

Assets
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$75,517,112
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$10,224
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 51% of credit unions.

Empire One Credit Union holds a total of $43,770,000 in loans and leases, which is about $10,224 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Empire One Credit Union pays 0.10%.

Loan rates
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9.30%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.39%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.82%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.00%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.41%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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