CAP COM Congratulates 2019 and 2020 Adopted Nonprofits

From the desk of Kate Fruscione, Public Relations Strategist at CAP COM Federal Credit Union.

On behalf of CAP COM Federal Credit Union, the presenting sponsor of the Capital Region Chamber Women’s Business Council we’d like to congratulate The Epilepsy Foundation of Northeastern New York and The Food Pantries for the Capital District for being named the 2019 and 2020 Adopted Nonprofits!

We look forward to working with you and helping spread your mission across the Capital Region for the years to come.

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CAP COM Merges with Albany City Lodge Knights of Pythias Credit Union

The Boards of Directors of Albany City Lodge Knights of Pythias 540 (ACL) and CAP COM Federal Credit Union (CAP COM) have approved a resolution to merge the two credit unions, which became effective October 31, 2018.

ACL, the 52 year-old credit union located at 10 Russell Road in Albany, NY, has discontinued operations at that location. The credit union’s 200+ members will join CAP COM’s membership of 146,000.

The merger of the two credit unions was driven by a dynamic regulatory environment that creates significant pressures on small financial institutions like ACL. Previous members of ACL will now be able to take advantage of the full breadth of products and services CAP COM provides. In addition to its array of financial solutions, CAP COM offers multiple branches, a vast network of ATMs, educational resources, online and mobile technologies, and award-winning service tailored to members’ needs.

“It is our commitment to provide each member with a positive and memorable financial services experience,” noted David Jurczynski, CAP COM’s Executive Vice President and Chief Financial Officer. “CAP COM is delighted to welcome members of Albany City Lodge to the CAP COM family of members, so they can experience firsthand the warm, exceptional service for which we are known.”

“In order to thrive in today’s competitive environment, many credit unions look at mergers as a viable strategy,” said Jayson Schner, Albany City Lodge K of P 540 Federal Credit Union’s Board Chair and President. “A merger can open opportunities to offer better products and services to credit union members through increased operating efficiencies. This merger represents a joining of two financial institutions to benefit both memberships.”

CAP COM Opens Nominations for Military to Fly Home

From the desk of Kate Fruscione, Public Relations Strategist at CAP COM Federal Credit Union.

CAP COM Federal Credit Union, in partnership with Verizon, is “reuniting hearts” this Veterans Day with its Reunite Flight program. The program was founded to help active-duty military personnel travel to be with their families when it otherwise might not be financially possible. This program is a way for CAP COM to recognize and thank service members for all they do to protect and serve our country. Nominations open Tuesday September 11 and close Wednesday, October 31.

This is the program’s third year. With support from Verizon, CAP COM will award four people the round-trip airfare home to see their loved ones.

A 2016 recipient, Grady Ellis, of the Navy commented, “This means a lot, thank you CAP COM for your support of the U.S. military. Also thank you to the other men and women, that currently serve and have served our country. With this opportunity I look forward to being able to spend time with my family and friends.”

“The Reunite Flights program is a wonderful way to thank our service personnel with the gift of family,” noted Amanda Goyer, CAP COM Federal Credit Union’s Community Relations Manager. “CAP COM is built on the foundation of people helping people and strives to nurture the community in support of families.”

“Verizon is thrilled to partner with CAP COM on granting Reunite Flights,” said Chip Lawrence, CAP COM board member and Senior Manager at Verizon. “Recognizing our U.S. military is very important to us. Letting those personnel spend time with their families and friends is one of the most rewarding projects we participate in.”

Members of CAP COM can nominate active-duty members of the military they feel deserve a Reunite Flight by visiting www.capcomfcu.org/reunite. A committee consisting of representatives with military backgrounds will choose four recipients from those nominated. Recipients will receive free, round-trip airfare to visit their family over the next year. Nominations are open through October 31, 2018. Winners will be announced on Veterans Day, November 11, 2018.

CAP COM Launches Community Heroes Mortgage Program

From the desk of Kate Fruscione, Public Relations Strategist at CAP COM Federal Credit Union.

CAP COM Federal Credit Union introduced a new Community Heroes Mortgage Program in July. The program is a way for CAP COM to say “thank you”  to people who dedicate their lives to others’ well-being. Program participants receive cash and discount benefits when obtaining a mortgage through CAP COM’s mortgage division, Homeowners Advantage. Benefits are valued at more than $1,000.

Professionals and staff who work in the following fields are eligible to participate in the Community Heroes program:

  • Fire and Rescue (paid, volunteer)
  • Law Enforcement
  • Healthcare
  • S. Military (active-duty, reserves, veterans)
  • Education

Community Heroes incentives include a $500 cash deposit (post-closing), complimentary personal real estate attorney representation (estimated value: $500), and a discounted home inspector’s fee (participating provider). A Community Hero Advocate Team manages the home buyer’s mortgage needs.

“Giving back to the local community is one of the core principles of our credit union and the CAP COM Cares Foundation,” noted CAP COM Executive Vice President and Chief Lending Officer Chris McKenna. “That is why the lending team is excited about bringing the Community Heroes Mortgage Program to life. The work these local heroes perform every day often goes unnoticed. This program is CAP COM’s small way of acknowledging these cornerstones of our community.”

CAP COM’s efforts to make buying a home easy and affordable are continuous. For example, it recently debuted a no down-payment mortgage product to assist homebuyers with good credit who are low on cash.

For more information or to apply, visit: www.capcomfcu.org/hero

CAP COM Launches “Live Life, Give Local” Campaign and Cash Sweepstakes

From the desk of Kate Fruscione, Public Relations Strategist at CAP COM Federal Credit Union.

 

CAP COM Federal Credit Union and its charitable giving arm, the CAP COM Cares Foundation, have launched a summertime sweepstakes: Live Life, Give Local. The campaign seeks to rally Capital Region residents around giving back to the community while attracting new members to the credit union.

Five winners will receive $1,000 and donate another $1,000 to a local charity of their choice, courtesy of CAP COM. Anyone can enter Live Life, Give Local – by either by opening a new checking account for an automatic entry, or by entering online at www.capcomfcu.org/livelife. The campaign runs through August 31, 2018.

A culture of giving back to the community is the hallmark of CAP COM, its members, and employees. The Live Life, Give Local program engages people to expect great things from their financial institution.

“Put your money where your heart is,” are words to live by for Amanda Goyer, CAP COM Community Relations Manager. “When you bank with CAP COM, you’re doing more than giving your funds a place to live. You’re aligning with a financial institution that strengthens neighborhoods, and believes in the potential of you. ”

Live Life, Give Local winners will be asked to select a local, nonprofit, 501(c) (3) charitable organization to receive their donation. For official rules and ways to enter, visit www.capcomfcu.org/livelife.

CAP COM Awarded Over $75K in Scholarships & Awards

From the desk of Kate Fruscione, Public Relations Strategist at CAP COM Federal Credit Union.

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Pictured: The CAP COM Federal Credit Union 2018 Scholarship and Award honorees.

CAP COM Federal Credit Union has awarded its 2018 Scholarship and Awards. Each year CAP COM’s charitable giving arm, the CAP COM Cares Foundation, donates over $75,000 in scholarships and awards. Back by popular demand from 2017, CAP COM also recognized 3 teachers in addition to over 30 student honorees.

CAP COM takes pride in awarding a variety of scholarships based on eligibility and interests. The most popular, the $2,500 Memorial Scholarship was awarded to 24 high school seniors pursuing an undergraduate degree. The $2,000 Art Goedeke Memorial Scholarship, named after a long-time CAP COM FCU Board Member was awarded to a student studying computer science or information technology, which was a passion of Goedeke’s. The CAP COM Cares Foundation also acknowledged three educators and six students with the Making a Difference Award, which went to those individuals who go above and behind to help others in the community and their classrooms.

“CAP COM’s deep rooted belief in empowering our youth through education, and being part of their greatest achievements, while watching their dreams and goals come to life, is the highest honor for us all. We believe education is the foundation for a better future” said Paula A. Stopera, President/CEO, CAP COM.

Students applied for a scholarship by filling out applications and answering an essay question. This year’s Memorial Scholarship question, aimed to encourage the thought leaders of each educational institution stated, “Imagine you have the opportunity to walk in the shoes of a local or world leader. Which leader would you choose, and what impact would you like to have during the experience?”

The Scholarship Committee received upwards of 450 submissions this year. Winners were recognized and awarded at CAP COM’s Annual Scholarship & Award breakfast held this past June 20 at the Albany Marriott.