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The Vote Is In!

From Christopher McKenna, President/CEO

June 22, 2022

At the Special Meeting of the Members this evening, the result of the vote on the proposed merger with SEFCU was shared with members who attended.

The merger with SEFCU was approved by the majority of votes cast by CAP COM members. CU Ballot, the independent company appointed to administer the member vote, certified the result.

I would like to personally thank everyone who participated in the voting process over the past 45 days. It is hard to put into words how appreciative I am for your current and future membership in our credit union.

Whether you voted to approve this merger, or were against it, our commitment remains the same – to deliver the best experience we can for you, for many years to come.

CAP COM and SEFCU leadership started merger discussions more than a year ago because we saw an incredible opportunity to become better and stronger today, and for the future. We saw opportunities to enhance and empower our workforce, provide better products, services and technologies for our members, and greater opportunities to support our community partners through philanthropy and volunteering. By becoming one of the largest credit unions in New York State, we will now be able to provide even better benefits for you, our members, while continuing to provide the tremendous, personalized service that you have come to expect from CAP COM.

You’ve heard a lot about this potential merger over the last year, and we appreciate your patience and trust. For this merger to become a reality, we followed a lengthy regulatory approval process and did a thorough review of all aspects of our business. As we progressed through the process, we talked about greater access to branches, ATMs and video tellers, new technologies, and improved self-service options. Now that the merger is official, and we begin to move forward as a new credit union with a new name, we’ll start to share more specific member benefits, which we look forward to doing in the coming weeks. 

Over the coming months, CAP COM and SEFCU will be working diligently to ensure a smooth transition into one organization. For our members, it is business as usual at this time. You will continue to receive the great service and benefits that you are accustomed to having. 

Starting August 1, members can perform basic transactions at either credit union – for more information please visit www.capcomfcu.org/united. The changes and enhancements that we’re eager to share will be communicated well in advance to ensure a smooth transition, and as always, we are here to answer any questions you may have.

Serving you is our privilege. You can continue to count on us for support because our teams are here for you, just as we’ve always been.

Sincerely,

Christopher McKenna
President/CEO