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Westbrook-based Infinity FCU inks merger with Illinois credit union

Infinity Federal Credit Union, which last fall announced it would merge with Illinois-based Deere Employees Credit Union, has completed the deal. No terms were disclosed. Members of both credit unions approved the merger, according to separate news releases this week. There will be no staff reductions in staff as a result of the merger, the releases said, and both financial cooperatives will retain their existing brands. To accommodate the merger, however, Infinity said it has transitioned to a state-chartered credit union and removed “Federal” from its name. Infinity President and CEO Elizabeth Hayes told Mainebiz Friday this was a technical change required under financial regulations because DECU is a state-chartered institution.

Luxe homes in rural Maine will ready buyers for a sustainable, or unsustainable, future

As eco-friendly luxury homes fetch hefty prices from affluent buyers, Washington County may soon lure ones preparing for Armageddon. A development group plans to break ground in late spring on the first of 50 sustainably designed homes that offer amenities like chef-grade kitchen appliances, housekeeping services, and shower filters that infuse water with vitamin C. Owners will also have access to a common lodge with a commercial kitchen and bar, a private beach and sauna, a meditation center, recreation facilities and more. Home prices will range to over $1 million. But the Merriwood Sustainable Community, on 1,000 acres along Howard Lake in Robbinston, is also intended to be a haven from COVID-19, the effects of climate change and doomsday in general.

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