March 05, 2019

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CAP COM Cares Foundation To Award $80,000 In Scholarships

CAP COM Federal Credit Union has opened its 2019 Scholarship & Awards application and nomination period. Each year, CAP COM’s charitable giving arm, the CAP COM Cares Foundation, donates nearly $80,000 in scholarships and awards. CAP COM will recognize educators 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 Legacy Scholarship, will be awarded to 25 high school seniors pursuing an undergraduate degree. The Legacy Scholarships honor Weidner "Ed" Davis, who was a founding father of CAP COM; Tony Celeste, who is remembered with this tribute from his family; and Paula Stopera, longstanding President/CEO of CAP COM. 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. 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 beyond to help others in the community and classroom.

"With the rising cost of college tuition and budget cuts that schools face, it's our privilege to lift our community by offering financial assistance in the form of scholarships and awards for those who display drive and passion toward their educational endeavors. We are thrilled to not only honor our students, but also educators who make such a tremendous, positive impact in the lives of others!" said Paula A. Stopera, President/CEO of CAP COM FCU and Chair of CAP COM Cares Foundation’s Board of Directors.

Application and nomination forms are available at www.capcomfcu.org/scholarships. The deadline for submitting applications is May 1, and winners will be recognized and awarded at CAP COM’s Annual Scholarship & Award breakfast in June.

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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 $5 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. Tax ID # 54-2071140.

CAP COM Federal Credit Union is a member-owned financial institution based in New York’s Capital Region with more than $2 billion in assets and 12 full-service branch locations, as well as a limited service branch at the City Hall in Schenectady, NY. An additional branch will open Summer of 2021 in Glenville. The credit union is member-driven and focused on superior service, convenient products and competitive rates that help members save money and make life little 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. Equal Housing Lender.