The members of Postal Employees of Troy, NY Federal Credit Union (PETFCU) have unanimously approved a merger with CAP COM Federal Credit Union (CAP COM) at a special member meeting held on September 12, 2019.
PETFCU, the 89 year-old credit union located at 400 Broadway in Troy, NY, will discontinue operations at that location. The credit union’s 150+ members will join CAP COM’s membership of 133,000.
The merger of the two credit unions was driven by a dynamic regulatory environment that creates significant pressures on small financial institutions like PETFCU. Previous members of PETFCU will now be able to take advantage of the 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.
“At CAP COM, it’s our goal to provide each member with a wonderful experience,” noted David Jurczynski, CAP COM’s Executive Vice President and Chief Financial Officer. “We are thrilled to welcome members of PETFCU to CAP COM, so they can enjoy the genuine, excellent service for which we are known.”
“I believe this is a wonderful opportunity for our members to join a credit union like CAP COM, and gain access to such a wide range of services,” said Kevin Burke, Postal Employees of Troy, NY Federal Credit Union’s Board Chair. “CAP COM’s community involvement allows our members to see firsthand that they truly care about the people and families they serve.”