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National Credit Union Service Organization

INFINITY FEDERAL CREDIT UNION

Dec, 31, 2020 — INFINITY FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, ME with 5 branch locations and about $341.93 million in total assets. Opened 45 years ago in 1976, INFINITY FEDERAL CREDIT UNION has about 18,286 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211288491
Name:INFINITY FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 9742
PORTLAND, ME 04104
Phone:(207) 854-6000
Fax:(207) 854-6054
Website:http://www.infinityfcu.com
Branches:5 branch locations
Members:18,286
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$341,925,902
CEO/Manager:Elizabeth Hayes
Chairperson:Samuel Novick

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 23,864,584
TOTAL INVESTMENTS 24,574,509
Loans Held for Sale 0
 
 Real Estate Loans 158,872,096
 Unsecured Loans 22,062,166
 Other Loans 44,923,012
 TOTAL LOANS 261,481,048
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -998,299
 Land And Building 10,654,328
 Other Fixed Assets 948,318
 NCUSIF Deposit 2,705,775
 All Other Assets 18,695,639
  TOTAL ASSETS 341,925,902
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 26,015,432
 Accounts Payable & Other Liabilities 2,299,345
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 54,323,983
 Regular shares 87,071,422
 All Other Shares & Deposits 138,048,343
  TOTAL SHARES & DEPOSITS 279,443,748
  TOTAL LIABILITIES 307,758,525
 Regular Reserve 2,360,952
 Other Reserves 888,037
 Undivided Earnings 30,918,388
  TOTAL EQUITY 34,167,377
  TOTAL LIABILITIES, SHARES, & EQUITY 341,925,902
INCOME & EXPENSE  
 Loan Income 12,612,934
 Investment Income 1,480,896
 Other Income 3,354,307
 Total Employee Compensation & Benefits 6,614,543
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,669,978
 Non-operating Income & (Expense) 877,113
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,235,253
 Cost of Funds 3,209,639
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 595,837
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