Not-for-Profit Financial Cooperative Infinity Credit Union Puts Members First by Offering Best in Market Rates
Westbrook, Maine – March 2022 – Just when Mainers have grown weary of the ups and downs of the weather as well as the prices of gas, fuel oil, groceries, and other essentials, Infinity Credit Union is responding with some good news for its members. Infinity CU recently announced new “Best in Market Rates” for consumer loans (auto loans, motorcycle, RV & boat loans, equipment loans, energy loans, personal loans and more). And they are also offering higher deposit rates for their members.
Beyond offering new, great rates on consumer loans and deposits in the short term, Infinity CU will also be conducting weekly rate surveys to ensure that their rates remain among the best rates available in the local Maine marketplace moving forward.
Also, Infinity CU is not just offering new, lower rates to its members and potential members who have excellent credit histories; it is now also able to offer those with less-than-perfect credit history an extremely competitive interest rate. Mainers with fair or poor credit ratings have had limited loan options with interest rates as high as 17.99% APR, the maximum allowable in Maine. Now they will be eligible for an Auto Loan rate as low as (currently) 5.34% to 6.34%. That could mean the difference between someone being able to afford a car with a monthly payment, or not.
“Auto loans will now be accessible to so many more of our members and Mainers in the communities we serve,” said Russ Butts, a Branch Manager for Infinity Credit Union. “We can help get these folks into much better vehicles, lower their monthly payment, and even ensure they are fully protected with Mechanical Breakdown Protection and more.”
The new rates represent good news for all – the credit union, its members, future members, and its employees, who – until now – were not able to offer customers such a wide range of loan options and competitive rates.
Whether members of Infinity Credit Union and the communities it serves are looking to get pre-qualified to buy a new or used vehicle, or to refinance an existing Auto Loan with Infinity, they can be confident they are getting one of the best rates around.
(Note: Best in Market rates are based on a weekly market rate survey by www.Rate-Watch.com and www.BankRate.com).
About Infinity Credit Union
As Maine’s first not-for-profit financial cooperative, Infinity Credit Union is privileged to know generations of Mainers as members—never as numbers. Their mission: to do everything in our power, if not a bit differently, to continue keeping members a step ahead in life by serving their ever-evolving social, economic and cultural needs.
Today, Infinity Credit Union is proud to call over 19,000 of their fellow Mainers “members.” Serving a diverse mix of souls heralding from York and Cumberland counties to the bustling communities of Bangor—including those from distant shores and diverse backgrounds who’ve chosen to put down roots in the forests, towns and cities in between.