Empire Financial Federal Credit Union is a credit union serving Jamaica, Queens and the surrounding community. Empire Financial Federal Credit Union (formerly known as Queens Cluster FCU) was formed in 1976 by church elders from Calvary Baptist Church, Amity Baptist Church and Bethany Baptist Church – three local churches that saw the devastating impact of predatory lending on their congregations, with some church members even losing their homes to high interest rate mortgages.
Today, the credit union has grown to more than 200 members, expanding membership to nine local businesses and their employees, and offers a variety of financial services, including checking, savings and loans, as well as online and mobile banking. Empire Financial is unique in its ability to meet the needs of small businesses as well, with the credit union in 2015 becoming one of the first financial institutions of its size to gain Small Business Administration (SBA) approval to begin offering SBA loans to small business members. Over the last five years, the credit union has expanded its ability to serve small businesses, seeing growth in both quantity and size of SBA loans and other small business products provided to members, including lines of credit, debit cards and business loans.
About Our Products & Services
A deposit method in which money is electronically transferred directly into your account, replacing the need to deposit a physical check. Frequently used for employee paychecks and government benefits, direct deposit is convenient and often processed quicker than paper checks, giving you access to your money sooner.
An ideal account for day-to-day money management that lets you to access your money almost anywhere by writing a check, using a debit card to make a purchase or withdrawing cash from an ATM. Often supports direct deposits and there is usually no limit to how many withdrawals you can make in a month.
Certificate of Deposit
A type of savings account in which a credit union issues a certificate to a person depositing money for a specified length of time -- generally a three month to seven year investment commitment. CDs offer higher and fixed interest rates, but with a greater initial deposit and penalty for early withdrawal.
A loan lets you borrow money that you agree to pay back, with interest, at a later date. Typical credit union loans include personal loans, auto loans and mortgage loans. Credit union members often enjoy lower interest rates and may have an easier time getting approved for a loan than at a bank.
A service provided by a credit union that allows members the convenience of conducting financial transactions remotely using a mobile device such as a smartphone or tablet.
A secure and convenient way to electronically access your money, check your balance and complete banking transactions with a credit union via the Internet.
An account (called a share account at a credit union) that lets you earn interest on the money you deposit. Interest rates are low, but minimum deposit is small. Unlike investment accounts, savings accounts – and the money you keep in them – are federally insured up to $250,000.
Become a Member
Empire Financial Federal Credit Union membership is open to members of Calvary Baptist Church, Amity Baptist Church and Bethany Baptist Church and their families. Membership is also open to employees of small businesses that have done business with Empire Financial FCU (please contact credit union for details). Immediate family of current members are also eligible to join Empire Financial FCU.Apply Now
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.