Is CAP COM and SEFCU merging?

Is CAP COM and SEFCU merging?

The SEFCU and CAP COM boards of directors approved a merger of the region’s two largest credit unions on July 28. SEFCU’s Castellana will be CEO of the merged credit union and CAP COM CEO Chris McKenna will be president. The entity will get a new name and have around 1,400 employees.

Does SEFCU use Zelle?

Option 3: Use Venmo or Zelle® to send money Instantly transfer funds to anyone with a Venmo account using money you have linked to your SEFCU Checking account or Debit Mastercard®. Move money from Venmo to your account in as little as one business day or use Zelle to transfer money to your student.

Did CAP COM buy SEFCU?

Two major credit unions in the Capital Region are merging. Leaders at SEFCU and CAP COM unanimously approved a merger to create a new $8 billion credit union. The new credit union will have a new name that reflects the histories and values of both organizations.

How big is SEFCU credit union in New York?

SEFCU is headquartered in Albany and is the 7 th largest credit union in the state of New York. It is also the 55 th largest credit union in the nation. It was established in 1934 and as of March of 2021, it had grown to 912 employees and 361,533 members at 47 locations. SEFCU has an A health rating.

Is there a class action lawsuit against SEFCU?

A proposed class action lawsuit has been filed against SEFCU over the federal credit union’s alleged practice of assessing improper overdraft fees on checking account transactions.

Is there a merger between SEFCU and Cap com?

SEFCU and CAP COM Boards of Directors unanimously approve merger to create new $8 billion credit union. Read the full press release here. Skip the branch line.

Why did SEFCU hit me with overdraft fees?

More specifically, the suit says it’s SEFCU’s policy to hit customers with overdraft fees “based on an artificial and hypothetical internal calculation” by which the credit union deducts holds placed on pending debit transactions or deposits.