Member News Detail

CAP COM LAUNCES ANNUAL BIG BENEFIT RAFFLE

Posted Friday, March 6, 2020 in Happenings

 

 

CAP COM LAUNCES ANNUAL BIG BENEFIT RAFFLE

ALBANY – March 6, 2020 – CAP COM Federal Credit Union and its charitable giving arm, the CAP COM Cares Foundation, have announced the launch of the 2020 BIG Benefit Raffle.

 

Once a year, the credit union runs a two-month campaign offering a chance to win up to $10,000. Tickets, priced at $25 each, can be purchased by anyone. This year’s raffle will run through May 1st or when tickets sell out. A maximum of 5,000 raffle tickets will be sold.

 

The BIG Benefit Raffle will raise a grand total of $125,000 and the funds are distributed in three ways. $26,000 will be awarded to nine ticket winners for cash prizes between $1,000 and $10,000; $10,000 will go towards the CAP COM Cares Foundation Scholarship & Awards program; and the remaining $89,000 will be distributed year-round to CAP COM Cares Foundation’s local non-profit partners.

 

This year CAP COM is proud to grant 40 scholarships including two new scholarships for members who are attending trade schools and adults who are continuing their education. The categories include:

 

“We are thrilled to launch this year’s annual BIG Benefit Raffle in support of both our Scholarship and Awards program, as well as our Foundation partners,” said Chris McKenna, President and CEO, CAP COM. “We have always supported the strong belief that education is the foundation of a better future, so it’s our obligation to deliver this program. It will allow us to support hundreds of nonprofits in the Capital Region as well as students and educators who aspire to achieve great things.

 

The cash prize drawing will be held May 13 at CAP COM’s Financial Center, located at 4 Winners Circle, Albany. A separate scholarship breakfast for the scholarship and award winners will be held in June. The annual BIG Benefit Raffle is one of three large CAP COM Cares fundraisers held annually.

 

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 just a 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.

 

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