SPRING 2014
Kids Will Have Fun Learning to Save with
Kirby Kangaroo®!
Ask your children about their goals and dreams for the future. They may have visions
of greatness, but they probably don’t know how to get from here to there. You can
help your child learn to develop good savings habits and reach their goals by opening an
INFINITY Federal Credit Union youth account. Once you open an account for your child,
he or she will be enrolled in our brand-new Kirby Kangaroo Club, a financial education
program designed especially for kids!
The Kirby Kangaroo Club helps children through age 12 learn important lessons about
money. Once enrolled in this innovative and fun program, children will receive rewards
for saving money at the credit union. They’ll also receive a quarterly newsletter, their own
savings passbook to record deposits and withdrawals, and access to the entertaining and
educational Kirby Kangaroo Club website. Best of all, they’ll learn how to save for their
goals and dreams.
Stop by any INFINITY office today and open up a Kirby Kangaroo account for your child – we’ll even contribute
the required $5 opening deposit! INFINITY Federal Credit Union and Kirby Kangaroo—helping kids achieve
their dreams.
CU Succeed®
Teens Financial Network
CU Succeed is an exciting program designed
especially for teens age 13 to 17, brought to
you by INFINITY FCU!
With CU Succeed®, teens can learn to manage
their money and get valuable information on
a wide variety of financial topics. Everything is covered—from balancing a
checkbook to funding a college education. Best of all, the program is fun,
and FREE! We’ll even contribute the $5 opening deposit!
To join CU Succeed® or to find out more, call or visit any INFINITY office.
Don’t wait—do it today!
Fee Schedule Change – Effective May 15, 2014
Loan Skip-a-Payment Fee……………$25.00
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President’s
Message
Go Mobile!
INFINITY members can access their accounts
almost anywhere with Mobile Banking. With our
free app for smart phones, you’ll be able to:
•Check account balances
•Review transaction history
•Transfer funds between accounts
•Make Person-2-Person transfers
•Pay bills electronically
If you’re looking for the utmost in banking convenience, don’t waste another second. Visit your
phone’s app store and download our free app today.
Notice of Annual
Meeting and
Board Elections
INFINITY’s Annual Meeting
will be held on Thursday,
May 8, 2014, at 6:00 p.m.,
at the Centurion Conference
Center, 202 Larrabee Road in
Westbrook, ME (adjacent to
INFINITY’s main office).
The Nominating Committee has received the necessary
paperwork from three candidates for the three seats
available on INFINITY’s Board of Directors. The
candidates are John Lander, Donald Nelson and Thomas
Little. Since there were no petitions received, according
to the Bylaws, there will be no need to send ballots for the
election process, and nominations will not be taken from
the floor at the Annual Meeting. The Secretary will cast
one ballot for each candidate listed above.
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On The Move?
Keep Us Posted.
Whether you’re headed to your second
home for the season, downsizing or seeking
space for your growing family, if you’re
on the move, please keep us posted. We
want to make sure important tax and other
account information finds its way to you,
so please advise us of any changes to your
mailing address.
There’s no need to close your account if you
are moving cross-town or cross-country.
You can take INFINITY with you! Your
INFINITY debit and credit cards are
accepted virtually everywhere and with
Shared Branching, e-Statements, Online
Banking and Bill Pay, and other electronic
services, we are always just a few clicks
away. So don’t leave us behind -- we’re your
financial partner for life, and we want to
stick with you. Just let us know how we
can stay in touch.
Individual Retirement
Account Withholding Notice
Payments from your IRA are subject to federal
income tax withholding, unless you elect no
withholding.
You may change your withholding election at any
time prior to your receipt of a payment. To change
your withholding election, complete the appropriate
form provided by your credit union.
Withholding from IRA payments, when combined
with other withholding, MAY relieve you from
payment of estimated income taxes. However, your
withholding election does not affect the amount of
income tax you pay.
You may incur penalties under the estimated
tax rules if your withholding and estimated tax
payments are insufficient.
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ATM Safety 101
Community Corner
Almost all credit union
members use an ATM at some
point during a typical week making deposits, withdrawing
cash, etc. By nature, credit
union ATM services are affordable and convenient
for members, leaving out pesky fees, and providing
expansive networks.
Casual Jeans Fridays – Food Pantry Donations
By donating $2 for the privilege, INFINITY staff can
wear jeans on Fridays, with the proceeds to benefit
local food banks. We are proud to announce we raised
a total of $1,101 for the 4th Quarter 2013, with $367
each being awarded to the following food banks:
Arundel Food Pantry, Manna, Inc. (Bangor), and
Project FEED (Portland).
However, with this convenience may also come a price
- ATMs can compromise your safety. Robbers often
see ATMs and their users as easy targets. But by being
vigilant and following some simple tips, you can beat
these bandits at their own game while enjoying the
perks of ATM usage.
The Electronic Funds Transfer Association (EFTA)
offers some valuable ATM safety tips:
•Always pay close attention to the ATM and your
surroundings.
•Be wary of people trying to “help” you with your
ATM transaction.
•Don’t use an ATM that appears unusual looking
or offers options that you are not familiar or
comfortable with.
•Don’t allow people to look over your shoulder as you
enter your PIN code.
•Do not re-enter your PIN if the ATM “eats” your
card - contact a credit union official immediately.
•Never write your PIN on the back of your card.
•Do your automated banking in a public, well-lighted
location.
•Never count cash at the machine or in public.
•When using a drive-up ATM, keep your engine
running, doors and windows locked, and leave
enough room between your car and others in the
drive-up line.
•Closely monitor your statements and balance immediately report any problems to the credit union.
INFINITY is pleased to contribute to the following
local organizations as part of its Community
Investment Program:
Amy Safford of Community Partners, Inc., accepting a check from Terry
Vetrano, Arundel Branch Manager.
Nancy Barrett, Portland Branch Manager, giving a donation to Claude
Rwaganje of Consumer Financial Literacy.
Check Your Credit Reports - It’s Free
Monitoring your credit history is one of the best ways to protect yourself from identity theft. Every year, you
can get one free credit report from each of the three national credit bureaus: Equifax, Experian and TransUnion.
You can request all three reports at once, or you can spread out your requests by ordering from a different
bureau every four months. By spreading the reports out, you can do your own no-cost-monitoring service.
To order your free credit reports, visit www.annualcreditreport.com, call 1-877-322-8228, or complete the
Annual Credit Report Request Form and mail it to: Annual Credit Report Request Service, P.O. Box 105281,
Atlanta, GA 30348-5281.
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Your Home Can
Be a Source of
Financing
Holiday Closings
Monday, April 21 Patriots Day
Monday, May 26 Memorial Day
Did you know that, for many
people, the best and lowestcost source of financing is,
literally, right under their own
feet in their own home? That’s
right, if you have a reasonable
percentage of equity in your
home, you can get a low-cost
Home Equity loan.
You can obtain the financing in
the form of a closed-end Home
Equity Loan for a specific
purchase or a Home Equity
Line of Credit to tap anytime
you need it. And in most
cases, the interest you pay on a home
equity loan is tax-deductible (consult
with a tax expert first before taking the
deduction).
We may be closed, but our
automated services are
always available:
• Online/Mobile Banking
• ATM/Debit Card
• Telephone Banking
• 24-7 Loan Applications
2013
As low as
3.25%
APR*
The loan process involves a few simple steps.
But depending on the amount of the loan
and the amount of equity in your home, the
loan can be available in a few days. Call, stop by, or apply online at
www.infinityfcu.com today to see if you qualify for a Home Equity loan.
*Home Equity Loan: Fixed rate for 5 years. Rate varies based on your credit qualifications and home’s
equity. Available for up to 80% of property’s value (in Maine only). Other rates and terms available
for up to 90% and for up to 20 years – ask us for details. $5,000 minimum. Closing costs may apply.
Estimated monthly payments: 5 years at 3.25% = $180.82 per $10,000.
Home Equity Line of Credit: Variable rate based on Prime Rate plus a margin; amount of margin ranges
from +0 to +3.50, depending on your home’s equity and credit history. Your rate will adjust quarterly
based on Prime Rate the first of the month prior to your change date. Available for up to 80% of property’s
value (in Maine only). Other rates available for up to 90%. Floor of 3.00%, maximum 18%. $5,000
minimum. Closing costs may apply.
For Sale
2012 Dodge Ram, 1500 Quad Cab ST, 13,620 miles.
2008 Kia Sorento, 117,280 miles, sold as is.
Office Hours and TDD Access
Monday through Friday
9:00 AM to 5:00 PM
Saturday 9:00 AM to Noon
(Lobby service in Westbrook,
Bangor, & Arundel)
Main Telephone: 854-6000
Toll Free: 1-800-499-8401
24-7 Loan Applications
Phone: 1-800-499-8401, option 4
Online: www.infinityfcu.com
FAX
Westbrook: 854-6054
Portland: 854-6074
Bangor: 945-4857
Arundel: 282-4927
Lending Department: 854-6064
Mailing Address
P.O. Box 9742
Portland, ME 04104-5060
Branches
202 Larrabee Road · Westbrook, Maine
854-6000
4 Davis Farm Road · Portland, Maine
854-6000
193 Broad Street · Suite 1 · Bangor, Maine
945-4284
1298 Alfred Road · Arundel, Maine
571-1753
http://www.infinityfcu.com
If interested, contact INFINITY’s Collection Dept. at (207) 854-6000,
ext. 1078.
All rates subject to change without notice.
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