Bigger, brighter, and always better.
For ourselves and our loved ones.
Whether it’s the family home, brand-new car, or a vacation, we’ll help you get there.
From better rates to personalized service, we give you greater control over your future.
New membership is open to anyone who lives or works within the following counties: Milwaukee, Waukesha, Washington, and Racine. Membership is also open to employees, retirees, and family members of WEC Energy Group and their subsidiaries and affiliates and members of the International Brotherhood of Electrical Workers Union in Wisconsin and Michigan.
Family members are defined as spouses, children, grandchildren, parents, and grandparents of the above households.
Our financial institution was originally incorporated as the “Employees Mutual Savings Building and Loan Association” (EMSBLA) on April 12, 1914. The institution was organized by the executives to serve employees and retirees of the Milwaukee Electric Railway and Light Company, later known as Wisconsin Electric Power Company for “the purpose of promoting thrift among its members and to encourage homeownership”. Over the years the charter has been expanded, but still maintains the relationship with WEC Energy Group and its affiliates and subsidiaries.
In November of 1997, the board voted to change the institution to a credit union as “EMSBLA Credit Union”. The catalyst for this change was the savings and loan was still an uninsured institution, so the board decided that rather than obtaining an insured status as a savings and loan, the credit union charter was a better fit reflecting the mutual charter and volunteer board of directors. In October of 2007 the name of the credit union was changed to “Empower Credit Union.” In October of 2011 the credit union built its headquarters in West Allis, while still maintaining a branch in the We Energies headquarters in downtown Milwaukee.
2001
Expanded family members to include “immediate family” to the Field of Membership (FOM.)
2004
FOM was expanded to include grandchildren, parents, children, grandparents, and similar domestic relationships of members.
2011
FOM was expanded to include members of the Wisconsin and Michigan chapters of the International Brotherhood of Electrical Workers (IBEW).
2012
FOM was expanded to a geographic charter as described: “individuals who live or work within a five-mile radius of an Empower Credit Union location.
2014
FOM was expanded to include all individuals who live or work in Milwaukee, Waukesha, Washington, and Racine counties.
*APY is Annual Percentage Yield. Minimum deposit to open a Money Market or Money Market Plus is $5,000. Minimum balance to earn advertised rate is $250,000 in Money Market Plus. Rates are tiered based on balances and are subject to change at any time. ** Best rate claim based on survey of money market rates at credit unions with a Milwaukee location as of 8/25/2023. Federally insured by the NCUA. Empower Credit Union is an Equal Housing Lender. Empower Credit Union is a full-service financial institution serving Milwaukee, Waukesha, Washington, and Racine counties.
