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CAP COM FCU Donates $50,000 to Regional Food Bank, Continues Additional Community Relief Efforts

Monday, 06 April 2020 04:00

CAP COM Federal Credit Union and its charitable giving arm, the CAP COM Cares Foundation, have announced a $50,000 donation to the Regional Food Bank of Northeastern NY. This support has been provided to help alleviate hunger needs in the Capital Region in the wake of Coronavirus. The Regional Food Bank heavily depends on funds to meet the growing demand to feed children, seniors, and families. Across 23 Capital Region counties, the organization is receiving an unprecedented number of requests for assistance in the midst of the COVID-19 crisis. CAP COM’s $50,000 gift to the Regional Food Bank is in addition to the $450,000 slated for donation by the CAP COM Cares Foundation to hundreds of community organizations this year.

“We’re thankful we can direct assistance to Capital Region communities impacted by Coronavirus and keep delivering on our mission to serve,” said Chris McKenna, President and CEO, CAP COM. “We know that children out of school, seniors, the unemployed, and so many others face food insecurity as a result of COVID-19 – and we’re committed to help. Families already on a limited budget are facing even more challenging circumstances. The Capital Region is fortunate to have organizations like the Regional Food Bank alleviating hunger on a grand scale and preventing food waste.”

“CAP COM has been a wonderful friend and supporter of the Regional Food Bank for many years,“ stated Mark Quandt, Executive Director, Regional Food Bank of Northeastern New York. “Now that the need for emergency food assistance is greater than anything we have ever experienced, CAP COM has responded with major funding to help us meet those needs. Their donation will enable us to feed thousands of people who are struggling at this difficult time – children missing school meals, parents out of work, and seniors who can’t safely leave their homes.  We are deeply grateful for CAP COM’s generous support.”

In addition to the donation to the Food Bank, CAP COM is vowing to support many community partners and nonprofits immediately by participating in fundraising “non-events” throughout the year. Needs are at an all-time high right now, so CAP COM plans to allocate nearly $35,000 in the next few months to partners most in need.

“As much as we love celebrating the great work of our non-profit partners at their beautiful events – we’re looking forward to having our funds go directly to those same organizations in a more immediate and direct way,” stated Susan Fogarty, Chief Relationship Officer, CAP COM. “We are grateful for the opportunity to give back to so many partners in need during these uncertain times.”

Part of CAP COM’s allocated $35,000 will go towards the American Red Cross Eastern New York Region. In lieu of their Fire and Ice Gala, CAP COM was able to send over their sponsorship dollars and “secure their table” for the non-event fundraiser.

"As we continue to fulfill our lifesaving mission in the face of the coronavirus pandemic, we are extremely grateful to CAP COM for their ongoing support," said Kevin Coffey, Chief Development Officer for the American Red Cross Eastern New York Region. "Right now, we are particularly focused on maintaining a sufficient supply of blood to help patients in need, and continuing to provide critical relief services to people affected by disasters big and small. Sustained financial support from our local partners helps to ensure that these essential services remain available when they are needed most." 

CAP COM continues to provide assistance to the credit union’s employees, members, and community partners. To learn more about CAP COM’s relief programs, please visit www.capcomfcu.org/assist.

 

CAP COM Cares Foundation was established by CAP COM Federal Credit Union in 2003 to nurture the community by supporting health and wellness programs; financial literacy and education initiatives; and causes that assist underprivileged families. Since inception, the Foundation has donated over $4 million and over 35,000 volunteer hours to hundreds of organizations in the Capital Region. The CAP COM Cares Foundation is a 501(c)(3) charitable organization.
CAP COM Federal Credit Union is a member-owned financial institution based in the New York’s Capital Region with more than $1.9 billion in assets and 11 branch locations. The credit union is member-driven and focused on superior service, convenient products and competitive rates that help members save money and make life easier. CAP COM offers all the products and services you’d find at a typical financial institution. Visit www.capcomfcu.org to find out more. Federally insured by the National Credit Union Administration.