Infinity Federal Credit Union
Our records indicate that this credit union has been acquired by EMPEOPLE.
Headquarters
P.o. Box 9742
Portland, ME 04104
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2024 Overview
General Credit Union Information
Infinity is an NCUA insured institution located in Portland, ME. It was founded in 1976 and has approximately $336.32 millions in assets.
Who can join?
You qualify for membership at Infinity Federal Credit Union if you live, work, worship or attend school in Cumberland and York Counties, and in the City of Bangor, Maine. In addition, immediate family or household members of current Infinity members may also qualify for membership.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24173 |
| Date Established | 1976 |
| Assets | $336.32 million |
| Loans | $258.87 million |
| Deposits | $288.53 million |
| Capital | $34.16 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Cumberland and York Counties, and in the City of Bangor, Maine or immediate family of current members.
Deposit Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.10% | $25,000 | $29,999 |
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|
|
Premium Money Market Account
|
0.10% | $10,000 | $14,999 |
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|
|
Premium Money Market Account
|
0.10% | $25,000 | $34,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.05% | $1 | $499 | Learn More |
Loan Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Infinity
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.932% | 6.750% | 0.88 | $6,000 | $2,076 | Learn More |
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,885 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Infinity
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Branches
Below are Infinity branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
INFINITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Infinity Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Infinity. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Infinity | U.S. Average |
|---|---|
| 5.00% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Infinity had $1,592,190 in non-current loans and $158,033 in owned assets. To cover these potential losses it had $34,159,089 in net worth and $864,866 in loans loss reserves. That gives it a Texas Ratio of 5.00%.
Net Worth
| Infinity | U.S. Average |
|---|---|
| 10.15% | 13.62% |
Infinity FCU has a net worth of 10.15% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Infinity
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