WESTBROOK, ME (August 27, 2020) — Infinity Federal Credit Union (FCU) was named the second-place recipient of the state Louise Herring Philosophy-in-Action Member Service Award and the first-place recipient of the stateDora Maxwell Social Responsibility Community Service Award.
The Louise Herring Philosophy-in-Action Member Service Award honors credit unions for internal programs that benefit membership. Infinity FCU received the award for savings its members $8,995,135 on loans and raising its members’ FICO credit scores by an average of 35 points through its credit score education program in 2019. This is the credit union’s fourth consecutive year receiving the state Louise Herring Award.
Dora Maxwell Social Responsibility Community Service Awardhonorscredit unions for programs that strengthen the structure of a community. Infinity FCU received the award for its Supporting Immigrant Tenants (SIT) Program in partnership with ProsperityME, which provides interest-free notes to help asylum seekers secure their first apartments. Since its inception in 2018, the program has helped 32 asylum-seeking families obtain housing. Infinity FCU has pledged a rolling $100,000 for the on-going administration of the program, guaranteed by a fund from ProsperityME. This is the credit union’s second consecutive year receiving the first-place state Louise Herring Award.
“At Infinity FCU, we make supporting our community a top priority.” says President/CEO, Elizabeth Hayes, “Partnering with ProsperityME and assisting individuals who are seeking asylum to secure their first home is a privilege. The SIT program gives Infinity FCU the opportunity to make a meaningful difference in the lives of people at a time when they need us most.”
The Awards were presented by the Maine Credit Union League. First-place state winners will compete in the national awards competition, coordinated by the Credit Union National Association, in the fall.
Elizabeth Hayes, Infinity Federal Credit Union (FCU) President and CEO, shown with the second-place Louise Herring Philosophy-in-Action Member Service Award and the first-place Dora Maxwell Social Responsibility Community Service Award.
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.
Ashley Wainwright
(207) 854-6000 x1038
ashley.wainwright@infinityfcu.com
