September 23, 2019
A few weeks ago, we announced a proposed merger between Infinity Federal Credit Union (FCU) and Vibrant Credit Union out of Moline, Illinois. Last week, the decision was made to terminate the merger talks.
When we started down this path, a partnership between Vibrant and Infinity FCU seemed like a natural fit of culture and systems for many reasons. However, the merger process brought some important differences to light and it became evident that the integration was simply not a good fit. While combining resources with another credit union is at times an excellent strategy, Infinity FCU is in the fortunate position of being independently strong and able to be selective in choosing a merger partner.
The talks ended amicably, with both sides agreeing to work as collaborators rather than partners going forward. Infinity FCU continues to be a strong and financially sound organization and we are committed to achieving our vision for the future of doing what’s right for our members, our communities, and our employees.
Infinity FCU has exciting plans for the rest of 2019. We are in the process of launching enhancements to your online banking experience with Card Controls, Account-to-Account Transfers, and updates to the Personal Finance Manager. We will also be opening our new branch in Scarborough, located at 35 Plaza Drive just off Route 1, before the end of the year. Above all, we will continue to put our members’ needs first and keep you a step ahead in life.
If you have additional questions, please call us at 207-854-6000 or email [email protected].