ALBANY, N.Y. — Two New York credit unions have merged. The 484-members of the $3.6-million Niagara Mohawk Power Corp. Troy Employees FCU, better known as NIMO FCU, have approved a merger into the $2.2-billion CAP COM Federal Credit Union.
For CAP COM, the combination marks its third merger in the past year, following Postal Employees of Troy Federal Credit and City Schenectady Employees FCU.
The former NIMO FCU branch at 235 Oakwood Avenue in Troy, N.Y., has been closed and members are being directed to use one of CAP COM’s 11 branches in the region, or access accounts electronically.
“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.”