CAP COM Announces Merger With Niagara Mohawk Power Corp. Troy Employees Federal Credit Union (NIMO)

ALBANY, NY — November 2, 2020 — The members of the Niagara Mohawk Power Corp. Troy Employees Federal Credit Union (NIMO) approved a merger with CAP COM Federal Credit Union (CAP COM) at a recent virtual member meeting.

This is CAP COM’s third merger in the past year, following Postal Employees of Troy Federal Credit and City Schenectady Employees Federal Credit Union.

Former NIMO FCU members are now CAP COM Federal Credit Union members; the NIMO branch at 235 Oakwood Avenue in Troy closed Friday, October 30. NIMO FCU members have access to CAP COM’s award-winning service delivered by financial experts, digital banking tools, and comprehensive financial solutions at CAP COM’s 11 branches across the Capital Region.

Former NIMO FCU members join CAP COM’s portfolio of more than 140,000-strong membership and portfolio with $2 billion in assets.

“This is a great opportunity for the NIMO FCU members to join the CAP COM family of companies for instant access to all the great services we provide,” said Chris McKenna, CAP COM’s President and CEO. “Our ‘Bank Where You Matter Most’ service philosophy enables us to be present and alert to the needs of each member. New members can look forward to experiencing firsthand how much we truly care about them, their families, and the communities we serve.”

“We are happy to merge with CAP COM Federal Credit Union and receive the membership benefits that the CAP COM family of companies have to offer,” stated Terry Fisher, Niagara Mohawk Power Corp. Troy Employees Federal Credit Union, former CEO. “This blending with CAP COM will benefit both our members enormously now and well into the future.”