In midst of merger, Infinity Federal Credit Union breaks ground on fifth branch
Courtesy / Infinity FCU
A rendering of the planned Infinity FCU branch off Route 1 in Scarborough.
Less than two weeks after announcing its merger with an Illinois credit union, Westbrook-based Infinity Federal Credit Union is adding a fifth branch, off U.S. Route 1 in Scarborough.
Construction of the 3,000-square-foot building at 35 Plaza Drive is expected to cost $2.9 million, according to a news release Monday. Work will probably be complete by winter.
Great Falls Construction of Gorham is the general contractor, with engineering services from South Portland-based Sebago Technics and a Massachusetts firm, SMMA, serving as architects.
The branch will add to Infinity locations in Westbrook, Portland, Arundel and Bangor. The full-service Scarborough site will include two drive-up lanes, a 24-hour ATM, a coffee bar and a “distinctly Maine look and feel” of exposed wood and stone, according to the release.
Infinity will host a groundbreaking ceremony at the site Wednesday at noon.
News of the expansion comes after Infinity on Aug. 1 said it is merging with Vibrant Credit Union of Moline, Ill. The combined entity will represent nearly 70,000 members and more than $1 billion in assets, the companies said.
The merged entity will have 17 branches in Illinois, Iowa, Indiana and Maine, with headquarters in Moline and contact centers in Reno, Nev., and Westbrook. The business will employ nearly 300, with more than two-thirds of that workforce current Vibrant workers.
Matt McCombs, president and CEO of Vibrant, will serve in the same role following the merger. Infinity President and CEO Elizabeth Hayes, honored as a Mainebiz Woman to Watch in 2017, will become executive vice president.
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