INFINITY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.infinityfcu.com for more information.
Dec, 31, 2023 — INFINITY FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, ME with 5 branch locations and about $336.32 million in total assets. Opened 48 years ago in 1976, INFINITY FEDERAL CREDIT UNION has about 18,389 members and employs 81 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INFINITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. BOX 9742 PORTLAND, ME 04104 |
| Phone: | (207) 854-6000 |
| Fax: | (207) 854-6054 |
| Website: | https://www.infinityfcu.com |
| Branches: | 5 branch locations |
| Members: | 18,389 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24173 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $336,323,060 |
| CEO/Manager: | Elizabeth Hayes |
| Chairperson: | Samuel Novick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,645,395 |
| TOTAL INVESTMENTS | 21,655,535 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 158,767,295 |
| Unsecured Loans | 18,318,749 |
| Other Loans | 45,808,241 |
| TOTAL LOANS | 258,870,472 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -864,866 |
| Land And Building | 10,558,479 |
| Other Fixed Assets | 957,096 |
| NCUSIF Deposit | 2,705,775 |
| All Other Assets | 19,795,174 |
| TOTAL ASSETS | 336,323,060 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 11,026,460 |
| Accounts Payable & Other Liabilities | 2,062,103 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 60,898,708 |
| Regular shares | 98,892,716 |
| All Other Shares & Deposits | 128,742,407 |
| TOTAL SHARES & DEPOSITS | 288,533,831 |
| TOTAL LIABILITIES | 301,622,394 |
| Regular Reserve | 2,360,952 |
| Other Reserves | 541,577 |
| Undivided Earnings | 31,798,137 |
| TOTAL EQUITY | 34,700,666 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 336,323,060 |
| INCOME & EXPENSE | |
| Loan Income | 3,008,685 |
| Investment Income | 246,389 |
| Other Income | 277,264 |
| Total Employee Compensation & Benefits | 1,700,020 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,934,805 |
| Non-operating Income & (Expense) | 405,100 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,000 |
| Cost of Funds | 408,161 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 879,749 |
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