Press

Infinity Federal Credit Union and Vibrant Credit Union call off merger

WESTBROOK, ME (September 25, 2019) — The proposed merger between Maine-based Infinity Federal Credit Union (FCU) and Illinois-based Vibrant Credit Union has been called off after months of due diligence.

“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.” said Elizabeth Hayes, Infinity FCU’s President/CEO.

“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.”

This announcement comes weeks after Infinity FCU’s groundbreaking to celebrate the construction of a new Scarborough branch, located at 35 Plaza Drive, just off Route 1 scheduled to open at the end of the year.

About Infinity Federal Credit Union

Guided by our vision to do banking differently to keep you a step ahead in life, Infinity FCU has been serving Cumberland and York counties and the city of Bangor since 1921. We are a not-for-profit cooperative committed to the enrichment of Maine communities through financial inclusion, community service, and our dedication to Banking With Heart™. To learn more about us, visit www.infinityfcu.com and follow us on social media @infinityfcu.