COLONIE, N.Y. – CAP COM FCU on Tuesday night received final approval to build a new three-story, 118,400-square-foot office here.

The city planning board approved the $1-billion credit union’s site plan for the new headquarters, a mile away from its current offices.

CAP COM says it needs a new headquarters to consolidate its administrative staff and accommodate growth.

CAP COM initially wanted to build on land owned by a local car dealer in nearby Latham, but that deal was called off a year ago.


Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.