Skip to main content
Enter search terms below…

Member News

CAP COM Announces Merger with City of Schenectady Employees Federal Credit Union



The members of the City of Schenectady Employees Federal Credit Union (CSEFCU) approved a merger with CAP COM Federal Credit Union (CAP COM) at a special member meeting previously held. This is CAP COM’s second merger of 2019, following Postal Employees of Troy Federal Credit Union earlier this year.

CSEFCU is located at 105 Jay Street, in City Hall, Schenectady, NY and will reopen at 9 a.m., on December 4, as CAP COM Federal Credit Union. This location will have limited services, however it will include ATM withdrawals, deposits, payments, transfers, check withdrawals & wires, loan guidance and opening new accounts. CSEFCU members will have access to CAP COM’s full portfolio of banking products and services at CAP COM’s additional 11 branches across the Capital Region.

CSEFCU’s members will join CAP COM’s portfolio of 133,000 members and $1.9 billion in assets. 

“I believe this is a wonderful opportunity for the CSEFCU members to join CAP COM, and gain access to the services we provide including multiple branch locations, a vast network of ATM’s, educational resources, online and mobile technology and award-winning service tailored to our members’ needs,” said Chris McKenna, CAP COM’s, President and CEO. “Our CAP COM Cares Foundation and the work we do in the community will allow our newest members to see firsthand that we truly care about the families and communities we serve.”

“In order to succeed in today’s economic atmosphere, many credit unions look at mergers as a practical approach,” said Sean Solomon, City Schenectady Employees Federal Credit Union’s, Chairman of the Board of Directors. “This union with CAP COM will uncover opportunities to offer improved products and services to our members. This merger will benefit both CAP COM members and CSEFCU members.”

BST & Co. CPAs, LLP, one of the Capital Region’s leading financial and management consulting firms, will welcome business professionals to learn about the benefits of outsourced accounting during a webinar on Wednesday, August 12 at 11:30 a.m. During the 30-minute webinar, BST & Co. Partner Kristen Berdar will discuss how outsourced…
Passport For Good was recently awarded a statewide contract through Erie 1 BOCES to provide college and career readiness support to school districts throughout New York state. This 3-year cross-state contract for the New York State Contract Instructional Technology Contract Consortium allows Western New York Regional Information Center (WNYRIC), a…
 CAP COM Federal Credit Union has hired Carin Urban as the credit union’s Vice President of Member Services, overseeing CAP COM’s 11 branches, as well as its Member Contact Center. Urban will develop and lead programs to strengthen member experience and service delivery. She brings more than 25 years of retail banking management experience to the…
Aug
17
Join us for a day of clubs, carts & connections at The Country Club of Troy! Start practicing your swing!  The Chamber's 2020 Annual Golf Classic will…
Tee Times Available Between 8:00 a.m. - 12:30 p.m.
Sep
17
2020 Award Recipients To Be Announced Soon! An evening honoring outstanding examples of philanthropic giving and citizenship. For more than 25 years, the …
5:30 p.m. Networking & Cocktail Reception; 6:30 p.m. Awards Ceremony & Dinner
Sep
24
Take advantage of this webinar Quick Learn presented by MicroKnowledge, aimed at providing tips and tricks on how to WOW your audience without distracting…
Noon - 1 p.m.