Lenders › Empower Federal Credit Union › New York
Empower Federal Credit Union in New York
HMDA record for properties in New York, calendar year 2024. National record · New York overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In New York, Empower Federal Credit Union reported 4,086 applications and 2,889 originations for 2024, $340m in all.
Its denial rate in the state was 19.3%, below the New York rate of 25.4% across all lenders and compared with the lender's national rate of 19.2%.
The median rate spread on its New York originations was 0.1 percentage points (state median 0.3).
Applications in the state were down 6% on 2023.
Compared with the state and the lender's national record
| Measure | In New York | New York, all lenders | Empower Federal Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 19.3% | 25.4% | 19.2% | 24.3% |
| Median rate spread, pp | 0.1 | 0.3 | 0.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 2.6% | 15.0% | 2.6% | 15.6% |
| Average originated loan | $118k | $446k | $121k | $329k |
| Home purchase share | 27.2% | 55.3% | 27.5% | 57.0% |
| FHA-insured share | 0.0% | 7.4% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 2.4% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateNew York, all lenders
Loan purpose and loan type in New York
By purpose
Home purchase 27% (785)Home improvement 34% (996)Refinancing 7% (205)Cash-out refinancing 17% (487)Other purpose 14% (416)
By type
Conventional 100% (2,889)
Denial reasons as coded
Share of 703 denials in New York by first denial reason coded (outlined bar: all lenders in the state).
Counties in New York
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Onondaga County | 2,389 | 1,750 | $202m | 16.8% |
| Oswego County | 684 | 477 | $46m | 20.8% |
| Broome County | 203 | 142 | $11m | 19.9% |
| Cayuga County | 171 | 109 | $12m | 26.8% |
| Madison County | 133 | 94 | $10m | 19.3% |
| Erie County | 105 | 63 | $17m | 34.4% |
| Oneida County | 70 | 47 | $5.1m | 18.3% |
| Chemung County | 62 | 46 | $2.7m | 14.3% |
| Monroe County | 32 | 25 | $13m | 10.7% |
| Montgomery County | 31 | 20 | $2.2m | 19.2% |
| Ontario County | 25 | 16 | $2.4m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Empower Federal Credit Union originate in New York in 2024?
2,889 loans totalling $340m, from 4,086 applications reported for properties in New York.
What is Empower Federal Credit Union's denial rate in New York?
19.3% of decided applications in New York were denied, against 25.4% for all lenders in the state and 19.2% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which New York counties does Empower Federal Credit Union lend in most?
By originations: Onondaga County (1,750), Oswego County (477), Broome County (142), Cayuga County (109), Madison County (94).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in New York. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.