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Overview / Commentary
800-499-8401
P.O. Box 9742
Portland, ME 04104

Infinity Credit Union is headquartered in Portland and is the 3rd largest credit union in the state of Maine. It is also the 745th largest credit union in the nation. It was established in 1976 and as of December of 2013, it had grown to 64 employees and 14,143 members. Infinity Credit Union has a B+ health rating.

Field of Membership Restrictions

live, work, worship or attend school in Cumberland and York Counties, and in the City of Bangor, Maine. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Infinity Credit Union had $1.82 million in non-current loans and owned real-estate with $28.19 million in equity and loan loss allowances on hand to cover it. This gives Infinity Credit Union a Texas Ratio of 6.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Infinity Credit Union experienced no significant changes from 5.47% as of December 31, 2012 to 6.44% as of December 31, 2013, resulting in a negative change of 17.77%. This indicates that the balance sheet and financial strength for Infinity Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Infinity Credit Union has decreased its total deposits by -$1.03 million, resulting in -0.61% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Infinity Credit Union has shown is average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Infinity Credit Union has $266.51 million in assets with $28.19 million in equity, resulting in a capitalization level of 10.58%, which is above average.

Institution Statistics

Overall
NCUA #24173
Year Chartered1976
Employees64
Primary Regulator
Assets and Liabilities
Assets$266.51 million
Loans$162.74 million
Deposits$168.14 million
Equity Capital$26.95 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$1.23 million
Real Estate Owned$582,000
Historic Data - December 2012
Assets$271.97 million
Equity Capital$28.65 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$1.23 million
Real Estate Owned$370,000
Profit Margin - Quarterly
Net Interest Margin3.64%
Return on Assets0.19%
Return on Equity1.91%
Interest Income$9.09 million
Rates

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Infinity Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-Step Up CD
0.20%--IRA Savings Account
0.20%--Roth IRA Savings Account
0.20%--Education IRA Savings Account
0.20%--Roth Conversion IRA Savings Account
0.10%--Holiday Club Account
0.10%--Vacation Club Account
0.10%--Mortgage Club Account
0.10%--Tax Club Account
0.10%--Insurance Club Account
0.10%--All Purpose Club Account
0.08%$1k-Regular Share Savings Account

Infinity Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$250k-Premier Money Market Account
0.20%$250k-Premier IRA Money Market Account
0.20%$250k-Premier Roth IRA Money Market Account
0.20%$250k-Premier Education IRA Money Market Account
0.13%$50k-Money Market Account

Infinity Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.13%$50k-Prime Advantage Checking Account

Infinity Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.12%$95k$200k10 Year Jumbo Share Certificate
2.02%$500-10 Year Share Certificate
2.02%$95k$200k7 Year Jumbo Share Certificate
2.02%$200k-5 Year Super Jumbo Share Certificate
1.96%$500-7 Year Share Certificate
1.91%$95k$200k5 Year Jumbo Share Certificate
1.86%$500-5 Year Share Certificate
1.26%$200k-2 Year Super Jumbo Share Certificate
1.26%$200k-3 Year Super Jumbo Share Certificate
1.21%$95k$200k3 Year Jumbo Share Certificate
1.11%$500-3 Year Share Certificate
1.11%$95k$200k2 Year Jumbo Share Certificate
1.11%$200k-18 Month No Lose Super Jumbo CD
1.01%$500-2 Year Share Certificate
1.01%$95k$200k18 Month No Lose Jumbo CD
1.01%$200k-15 Month Super Jumbo Share Certificate
0.85%$95k$200k15 Month Jumbo Share Certificate
0.75%$500-18 Month No Lose CD
0.75%$200k-1 Year Super Jumbo Share Certificate
0.70%$95k$200k1 Year Jumbo Share Certificate
0.65%$500-15 Month Share Certificate
0.60%$500-1 Year Share Certificate
0.55%$200k-9 Month Super Jumbo Share Certificate
0.50%$200k-8 Month No Penalty Super Jumbo Share Certificate
0.45%$95k$200k9 Month Jumbo Share Certificate
0.40%$500-9 Month Share Certificate
0.40%$95k$200k6 Month Jumbo Share Certificate
0.40%$95k$200k8 Month No Penalty Jumbo Share Certificate
0.35%$500-6 Month Share Certificate
0.35%$500-8 Month No Penalty Share Certificate
0.35%$200k-5 Month No Penalty Super Jumbo Share Certificate
0.25%$500-5 Month No Penalty Share Certificate
0.25%$95k$200k5 Month No Penalty Jumbo Share Certificate
0.20%$500-3 Month Share Certificate

Infinity Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.02%--10 Year IRA Share Certificate (Traditional,CESA,Roth)
1.96%--7 Year IRA Share Certificate (Traditional,CESA,Roth)
1.86%--5 Year IRA Share Certificate (Traditional,CESA,Roth)
1.11%--3 Year IRA Share Certificate (Traditional,CESA,Roth)
0.75%--18 Month No Lose IRA CD (Traditional,CESA,Roth)
0.65%--15 Month IRA Share Certificate (Traditional,CESA,Roth)
0.40%--9 Month IRA Share Certificate (Traditional,CESA,Roth)
0.35%--8 Month No Penalty IRA Share Certificate (Traditional,CESA,Roth)
0.25%--5 Month No Penalty IRA Share Certificate (Traditional,CESA,Roth)
Locations


Infinity Credit Union Locations
Branch Office171 Port RdKennebunk, ME 04043
Branch Office1298 Alfred RdArundel, ME 04046
Branch Office202 Larrabee RdWestbrook, ME 04092
Branch Office4 Davis Farm RdPortland, ME 04103
Branch Office193 Broad StBangor, ME 04401