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 |
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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 |
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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 |
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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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