While the merger between CAP COM and SEFCU and was approved by CAP COM members on June 22, the name of the new credit union remained a mystery. Until now.
Beginning Aug. 1, CAP COM and SEFCU will begin operating as divisions of Broadview Federal Credit Union, which will be the new name once operations are merged, the two credit unions have announced.
Also beginning Aug. 1, members can conduct basic transactions at branches of both credit unions.
The merger will create the largest financial institution in the Capital Region based on local deposits, and one of the top five credit unions in the state, according to the two credit unions. Broadview Federal Credit Union will also become one of the top 30 credit unions in the nation.
Broadview Federal Credit Union will be led by current SEFCU CEO/President Michael Castellana as CEO and current CAP COM President Christopher McKenna as President.