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LATHAM, N.Y. – CAP COM Financial Services LLC recently ranked sixth in the nation out of more than 350 financial institutions for its mutual fund production during the third quarter of 2003. CAP COM, the wholly-owned subsidiary of $350 million Capital Communications Federal Credit Union, received the high mark from Linsco/Private Ledger Financial Services, the nation’s largest independent broker dealer, said John Shartrand, CAP COM Financial’s chief investment officer. Jim Faranda, a financial advisor, was also ranked eighth by LPL Financial. Over the last three years, CAP COM has produced $20 million “in new money on the advisory side,” Shartrand said. Nearly 90% comes from outside sources, mostly through retirement venues. “This achievement is even more outstanding when you consider that CAP COM Financial Services often competes against much larger firms,” said Dennis Halpin, president/CEO of Capital Communications FCU. CAP COM manages more than $135 million in investments through LPL Financial.

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