Skip to main content
Enter search terms below…

Member News

CAP COM Launches Annual Big Benefit Raffle



CAP COM Federal Credit Union and its charitable giving arm, the CAP COM Cares Foundation, have announced the launch of the 2020 BIG Benefit Raffle. Once a year, the credit union runs a two-month campaign offering a chance to win up to $10,000. Tickets, priced at $25 each, can be purchased by anyone. This year’s raffle will run through May 1st or when tickets sell out. A maximum of 5,000 raffle tickets will be sold.  

The BIG Benefit Raffle will raise a grand total of $125,000 and the funds are distributed in three ways. $26,000 will be awarded to nine ticket winners for cash prizes between $1,000 and $10,000; $10,000 will go towards the CAP COM Cares Foundation Scholarship & Awards program; and the remaining $89,000 will be distributed year-round to CAP COM Cares Foundation’s local non-profit partners.

This year CAP COM is proud to grant 40 scholarships including two new scholarships for members who are attending trade schools and adults who are continuing their education. The categories include:

  • (20) $2,500 Legacy Scholarships in the names of Paula Stopera, Weidner “Ed” David & Ed Gilligan.
  • (4) $2,500 Trade Scholarships in the name of Tony Celeste for members who are attending a trade school.
  • (4) $2,500 Lifelong Learner Scholarships for members who are above the age of 26 who are going back to school.
  • (1) $2,500 Technology Scholarship in the name of Art Goedeke for members who are pursuing a degree in computer science or technology.
  • (2) $2,500 Shenendehowa Scholarships for high school seniors of Shen High School, based on CAP COM’s partnership with the district’s student run Branch.
  • (9) $1,000 Making a Difference Awards for both students and educators who are making a difference in their communities.

“We are thrilled to launch this year’s annual Big Benefit Raffle in support of both our Scholarship and Awards program, as well as our Foundation partners,” said Chris McKenna, President and CEO, CAP COM. “We have always supported the strong belief that education is the foundation of a better future, so it’s our obligation to deliver this program. It will allow us to support hundreds of nonprofits in the Capital Region as well as students and educators who aspire to achieve great things.

The cash prize drawing will be held May 13 at CAP COM’s Financial Center, located at 4 Winners Circle, Albany. A separate scholarship breakfast for the scholarship and award winners will be held in June. The annual BIG Benefit Raffle is one of three large CAP COM Cares fundraisers held annually.

Troy, N.Y. – Michael E. Ginsberg, Esq. and Rhiannon I. Spencer, Esq. of Pattison, Sampson, Ginsberg & Griffin, PLLC were successful recently in representing Rensselaer Polytechnic Institute against a suit brought by three former students who claimed their religious freedoms under the First Amendment and New York State Human Rights Law were…
Albany, N Y:  Stephanie L. Mumford, CPA, Geoffrey Mullen, CPA, and Mark Vena, CPA have recently been named Shareholders for Teal, Becker & Chiaramonte, CPAs, P.C. (TBC). The promotion for Mumford, Mullen, and Vena took place on April 1st.  Mumford joined in 1999, while Mullen joined in 2020, and Vena joined in 2012.    Mumford with a Bachelor…
Creating Positive Impact with Employees Giving Back to Local Communities Boston, MA - Berkshire Bank, a leading socially responsible community bank with office locations in New England and New York, will host Xtraordinary Day (X-Day) on Wednesday, June 8. All branches and offices across five states – MA, NY, VT, CT, and RI will close from 12pm -…
Jun
02
The Chamber's partner The Cybersecurity and Infrastructure Security Agency invites you to a security webinar. The webinar is intended to enhance awareness…
Webinar from 10 a.m. to 12 p.m.
Jun
16
Get connected, develop leads and build relationships at our one-of-a-kind, fast-paced networking event. This popular networking event features a…
Market, Develop, & Connect
Jun
21
We are in unprecedented times with an economy that is still very strong yet facing high inflation and rising interest rates. This has started to impact…
Lunch and Panel Discussion