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On the heels of its recent merger with the Illinois-based Vibrant Credit Union, Infinity Federal Credit Union is preparing for a future outside of Maine, beginning with a new branch right in its own backyard.
On August 14, Infinity FCU will host a groundbreaking ceremony to celebrate the construction of a new Scarborough branch, located at 35 Plaza Drive. The groundbreaking will begin at 12 pm with remarks from Infinity FCU representatives.
Expected to cost $2.9 million, the full-service branch will include two drive-up lanes, a 24-hour ATM and the latest in technological amenities.
“Opening branches is one of the many ways to show our commitment to our communities in Maine,” said Elizabeth Hayes, President and CEO of Infinity FCU. “In fact, integrating Infinity FCU with Vibrant will allow us to bring out-of-state resources to fuel our expansion and growth in Maine.”
According to Hayes, the new branch will feature a “distinctly Maine look and feel,” with exposed wood and stone, a coffee bar, comfortable seating and artistic lighting—all with a rustic, outdoorsy ambiance.
The branch will be Infinity FCU’s fifth, growing a network that includes locations in Westbrook, Portland, Bangor and Arundel.
In a statement released last week, Infinity FCU announced its intent to merge with Vibrant, subject to member and regulatory approval. The resulting entity will represent nearly 70,000 members and over $1 billion in assets across 17 branches throughout the U.S., with Maine serving as East Coast hub.