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07/27/2010
Hudson Valley Community College Foundation Receives $100,000 Gift in Support of Nursing Program; Classroom Named in Honor of CAP COM Photo Available

CONTACT: Deborah Renfrew (518) 629-7180, d.renfrew@hvcc.edu
FOR RELEASE: Tuesday, July 27, 2010

Paula Stopera, President and CEO of CAP COM Federal Credit Union and Chair of the CAP COM Cares Foundation, proudly shows the sign dedicating a patient care laboratory at Hudson Valley to CAP COM.  She is joined by John Shartrand, Chief Investment Officer for Financial Services at CAP COM (to her left).  The two are flanked by Drew Matonak, President of Hudson Valley, and Sarah Boggess, President of Hudson Valley's Foundation.
Paula Stopera, President and CEO of CAP COM Federal Credit Union and Chair of the CAP COM Cares Foundation, proudly shows the sign dedicating a patient care laboratory at Hudson Valley to CAP COM. She is joined by John Shartrand, Chief Investment Officer for Financial Services at CAP COM (to her left). The two are flanked by Drew Matonak, President of Hudson Valley, and Sarah Boggess, President of Hudson Valley's Foundation.
The Hudson Valley Community College nursing program will get a much-needed boost with a gift of $100,000 from the CAP COM Cares Foundation, a charitable foundation operated by CAP COM Federal Credit Union.

"On behalf of CAP COM Federal Credit Union, we are very appreciative and honored to have this patient care laboratory named in our honor. Hudson Valley provides one of the most critical elements for the success of our region and we are very proud to be a strong advocate and partner of the college," said Paula Stopera, President and CEO of CAP COM Federal Credit Union (CAP COM) and Chair of the CAP COM Cares Foundation, and herself a graduate of Hudson Valley's Liberal Arts program.

A patient care laboratory in the Fitzgibbons Health Technologies Center will be named in honor of the credit union for its support of the nursing program and the college's allied health students.

CAP COM has been a leadership donor to the Hudson Valley Community College Foundation for years, and has donated a total of $109,000 to the Foundation since 2004. Within three years, CAP COM's total contribution to our Foundation will exceed $170,000.

"The credit union and its foundation have been very supportive of the college, and their support is worthy of a naming opportunity on campus," said Sarah Boggess, president of the Hudson Valley Community College Foundation. "CAP COM is an integral part of the Capital Region community, and has become a very special friend to the college and its charitable foundation."

The college and its Foundation honored CAP COM today for one particular commitment – a five-year commitment totaling $100,000. This commitment was made as part of the Hudson Valley Community College Foundation's "Promise of Our Region" campaign. One of the initiatives of that campaign was to raise funds to support the college's nursing program and other health care programs. Of the $100,000 commitment, $85,000 is supporting the expansion of the college's nursing program and $15,000 is going toward a scholarship for students in the college's Allied Health programs.

"It is the college's core mission to meet the workforce needs of employers in the Capital Region. As a result, the college has partnered with many area businesses and community organizations. Working together, we continuously identify the evolving needs of this community and its workforce," said Hudson Valley Community College President Andrew Matonak. "The nursing program has a reputation of excellence and will now move further toward meeting the ever-increasing demand for highly qualified and skilled nurses."

Hudson Valley graduates approximately 60 registered nurses each year from its fully enrolled nursing program. It boasts a ten-year average pass rate on the professional licensure exam of 94 percent, compared to New York State's average pass rate of 85 percent and the national pass rate of 86 percent. The nursing program was started in 1964 and has since graduated more than 2,500 students. Most pursue careers with health care providers in the Capital Region. There continues to be a critical shortage of nurses throughout the United States and, according to the American Association of Colleges of Nursing, this shortage is expected to intensify with the aging of baby boomers and their subsequent need for more health care.

Hudson Valley relies on external funding for the continued expansion of its nursing program in an effort to provide highly qualified nurses for the Capital Region and for the upgrading and purchase of new medical instructional equipment. The college expanded its nursing program in 2008 with assistance from a federal grant, and private donors -- including Albany Medical Center, CDPHP and CAP COM -- have since committed funds to allow the expanded program to stay in place.

CAP COM Federal Credit Union, with nine branches and more than 500 participating companies in the Capital Region offering membership as a free employee benefit to their staff, recognizes the critical need for quality nursing staff in the medical community. The Hudson Valley Community College Foundation is a not-for-profit charitable organization that was formed in 1983 to philanthropically support the college's mission. Gifts from alumni, corporations and friends are used to enhance programs, facilities and scholarship opportunities. The Foundation's "Promise of Our Region" campaign was launched in May 2008 with a goal of $10 million. More than $7 million has been raised.

Founded in 1953, Hudson Valley Community College offers more than 70 associate's degree and certificate programs in four schools: Business; Engineering and Industrial Technologies; Health Sciences; and Liberal Arts and Sciences; and workforce and academic preparation programs offered through the Educational Opportunity Center. One of 30 community colleges in the State University of New York system, it has an enrollment of more than 13,500 students, and it is known as a leader in distance learning initiatives and worker retraining. Hudson Valley has more than 65,000 alumni.