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.

CAP COM partners with YWCA and announces winners for annual BIG Benefit Raffle

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

From the left: Paula Stopera, President and CEO, CAP COM Federal Credit Union, Paige Rueckert, Community and Youth Advocate, Bonnie Benson, YWCA, Ellen Randolph, YWCA, Jenifer Whiston, YWCA, Starletta Smith, YWCA, Virginia Marinello, YWCA, Daquetta Jones, YWCA, Amanda Goyer, Community Relations Manager, and Edward Gilligan, Chairman of CAP COM Federal Credit Union’s Board of Directors.

CAP COM Federal Credit Union and its charitable giving arm, the CAP COM Cares Foundation, has announced the eight lucky winners of the 2018 spring BIG Benefit Raffle. Twice a year the Credit Union runs a two month campaign where a maximum of 4,000 raffle tickets were sold. Tickets were open to both members and non-members of the Credit Union, and sold for $25 each.

The BIG Benefit Raffle raised a grand total of $100,000 and the funds were distributed in three ways.  $21,000 was awarded to eight community winners for large cash prizes. $10,000 was awarded to the 2018 beneficiary, YWCA of the Greater Capital Region, and the remaining $69,000 is being distributed to year-round foundation funding to CAP COM’s more than 100 community partners.

Picking YWCA-GCR as the 2018 beneficiary helped tell a story with members when they purchased their raffle tickets, while allowing CAP COM to share the great work of some of their community pillars and partners. The $10,000 will support YWCA-GCR’s Centennial Celebration Building Fund “100 Challenge” for their beautiful 100-year-old building to continue to be a source of support, hope and empowerment for women and families in our community.

The 2018 Spring BIG Benefit Raffle Winners are:

  • $10,000: David Koonz, Albany
  • $5,000: Sean Ritter, Ballston Lake
  • $1,000: John Gebhardt, Loudonville
  • $1,000: Ronald Bell Jr., Westerlo
  • $1,000: Bridget Daniels, Schenectady
  • $1,000: Sarah Merlik, Castleton
  • $1,000: Devan Patenaude, Latham
  • $1,000: Noreen Connor, East Greenbush

CAP COM Community Relations Manager, Amanda Goyer said, “We are thrilled to partner with the YWCA-GCR to help them continue to deliver crucial services that are life-changing for individuals in our Region. The YWCA’s programs create impact that last. They help women and children get back on their feet and stay on their feet so they can sustain a productive lifestyle. The longevity of the YWCA’s impact is so important, and one of the reasons why the CAP COM Cares Foundation feels so strongly about getting behind their mission.”

Top 5 Reasons Homebuyers Choose 100% Financing

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

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Are you currently house hunting, or thinking about buying a home soon? Line up your financing in advance, so your dream home becomes a reality.

If you have a good credit rating but need money for a down payment and closing costs, 100% financing may be worth a look.

Here are some of the top reasons homebuyers choose a 100% financing solution.

  1. Dramatically reduce the cash you need up front (down payment, closing costs).
  2. Close on your new home before selling your current home.
  3. Private mortgage insurance (PMI) costs may be lower than FHA loans.
  4. In a tight housing market, improve your chances of winning a bidding war.
  5. The money you would ordinarily need for a down payment can be used for renovations, or to pay down debt.

Let the team at Homeowners Advantage, a CAP COM subsidiary, be your personal home-buying advocate. We’re here to help you locate an affordable mortgage that matches your needs and budget.

Our 100% financing* solution is particularly appealing because it is a conventional loan (fixed- or adjustable-rate) without a location restriction or income threshold. 100% financing is just one of many mortgage solutions to consider.

Pre-qualify for your loan in as little as 15 minutes; this is your ticket to making an offer. Then, let us manage loan details and paperwork through to closing.

To get started, please contact us.

CAP COM to Award Over $75K in Scholarships & Awards

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

CAP COM Federal Credit Union has opened its 2018 Scholarship and Awards application and nomination period. 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 will also recognize 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 will be 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 will be awarded to a student studying computer science or information technology, which was a passion of Goedeke’s. The CAP COM Cares Foundation will also acknowledge three educators and six students with the Making a Difference Award to those 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 apply 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 states, “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 receives upwards of 300 submissions per year. Application and nomination forms are available at www.capcomfcu.org/community/scholarships . Deadline for submitting applications is May 1, and winners will be recognized and awarded at CAP COM’s Annual Scholarship & Award breakfast in June.

CAP COM to partner with YWCA of the Greater Capital Region for annual BIG Benefit Raffle

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CAP COM Federal Credit Union and its charitable giving arm, the CAP COM Cares Foundation, will be announcing the launch of the 2018 BIG Benefit Raffle. Twice a year the Credit Union runs a two month campaign where a maximum of 4,000 raffle tickets are sold. Tickets are open to both members and non-members of the Credit Union, and are sold for $25 each. This year’s Spring Raffle starts on March 1st and will run through May 2nd or when tickets sell out.

The BIG Benefit Raffle will raise a grand total of $100,000 and the funds are distributed in three ways.  $21,000 will be awarded to eight community winners for large cash prizes between $1,000 and $10,000. $10,000 will be awarded to the 2018 beneficiary, YWCA of the Greater Capital Region, and the remaining $69,000 will all be distributed to year-round foundation funding to CAP COM’s more than 100 community partners.

Picking YWCA-GCR as the 2018 beneficiary helps tell a story with members when they purchase their raffle tickets at branches, while allowing CAP COM to share the great work of some of their community pillars and partners. Sharing that impact story puts a tangible cause in front of the members. The $10,000 will support YWCA-GCR’s Centennial Celebration Building Fund “100 Challenge” for their beautiful nearly 100-year-old building to continue to be a source of support, hope and empowerment for women and families in our community.

Since 1883, YWCA of the Greater Capital Region has served women in the City of Troy and Greater Capital Region areas. For the past 100 years their building at 21 First Street in Troy, NY has been the start of positive change for thousands of local women and children. Programs offered in this building by YWCA-GCR are designed to help women prepare for school and employment through economic advancement programs. It provides affordable, safe and supportive transitional and permanent housing, food security services, homelessness prevention, and advocates for gender, justice and racial equity.  Today, they are one of the area’s largest providers, of affordable and supportive housing to more than 100 single women and women with children that would otherwise be homeless or living in substandard housing.

CAP COM Community Relations Manager, Amanda Goyer said, “We are thrilled to partner with the YWCA-GCR to help them continue to deliver crucial services that are life-changing for individuals in our Region. The YWCA’s programs create impact that last. They help women and children get back on their feet and stay on their feet so they can sustain a productive lifestyle. The longevity of the YWCA’s impact is so important, and one of the reasons why the CAP COM Cares Foundation feels so strongly about getting behind their mission.”

“We are proud and grateful for CAP COM selecting YWCA of the Greater Capital Region as the 2018 Spring Big Benefit Raffle Benefactor! The campaign will not only benefit YWCA-GCR but a plethora of Nonprofits across the Capital Region. This opportunity came at a perfect time as YWCA-GCR is celebrating the centennial celebration of our beautiful building in downtown Troy. The proceeds from the campaign will used for our Centennial Building Fund to reinvest in our beautiful building where women and children reside and the community is served”, stated Daquetta Jones, Executive Director, YWCA-GCR.

The cash prize drawing will be held May 16th at the CAP COM headquarters at 4 Winners Circle, Albany, at noon. The $10,000 check will also be awarded to YWCA-GCR at this time. The annual BIG Benefit Raffle is one of three large CAP COM fundraisers held annually.

CAP COM Donation Enhances MHANY’s Training Center

From the desk of Amanda Goyer.

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The CAP COM Cares Foundation, the charitable giving arm of CAP COM Federal Credit Union, has announced its partnership with the Mental Health Association in New York State, Inc. (MHANYS).

Specifically, the CAP COM Cares Foundation has helped MHANYS furnish their Capital Region Training Center located on the fourth floor of 194 Washington Avenue in downtown Albany.

MHANYS Training Room

Pictured: MHANYS new Capital Region Training Center in Albany.

By donating $10,000 to MHANYS, the new training facility was able was re-open for individuals and families as a unique space for mental health education. The renovated facility features increased square footage, state-of-the-art audiovisual capabilities, and improved seating and tables for 45 individuals. The enhanced video capabilities will allow trainers and trainees to be more accessible to the 26 MHANYS affiliates statewide.

Since the CAP COM Cares Foundation’s inception in 2003, more than $3.2 million has been donated to the local community.

CAP COM President/CEO Paula Stopera noted, “An organization like Amazon started in a small space with just a few people and look what it’s grown into. By helping MHANYS renovate their training room, it’s our dream that this community will become more educated on mental health awareness, one person at a time.”

CEO of the Mental Health Association in New York State, Glenn Liebman, offered his thanks to CAP COM. “We are very appreciative of the support of CAP COM in helping to fund MHANYS Capital Region Training Center. This Center is dedicated to providing training opportunities geared towards educating the community about mental health supports and resources and ending the stigma and misunderstandings surrounding mental health.”

The mission of MHANYS is to increase mental health literacy in the Capital region. They offer low-cost and free community educational opportunities focused on mental health and wellness to many in the area. To learn more visit: https://mhanys.org/.

Help Our Neighbors in Cohoes Rebuild

From the desk of Amanda Goyer

CAP COM Federal Credit Union’s charitable giving arm, CAP COM Cares Foundation has established a fund account for Cohoes Fire Victims in an effort to help raise funds for families and businesses impacted by the devastating fire on Remsen Street.

Donations can be made at any of CAP COM’s ten branch locations www.capcomfcu.org/locations or by mailing a check made payable to: CAP COM Cares Foundation 4 Winners Circle Albany, NY 12205 (MEMO: Cohoes Fire Victims)

The CAP COM Cares Foundation is working closely with the Cohoes Mayor’s Office, Cohoes Community Center and the Red Cross of Northeast NY to ensure funding is allocated to the appropriate parties where the need is most present.

Thank you for considering partnering with CAP COM to help our neighbors in Cohoes rebuild!