During its history it has had departments in basketball, chess, Esports, football, skiing and swimming amongst others.
[6][7] ÍFL had originally defeated UMFB during the group stage of the playoffs and Gnúpverjar in the finals.
[8] However, ÍFL had used an illegal player and as an result of an official complaint, UMFB was awarded a 2–0 victory which meant they finished with the best record in their group and faced Gnúpverjar in the finals rematch.
[12][13] From 2006 to 2016, UMFB fielded a joint team with Boltafélag Ísafjarðar, called BÍ/Bolungarvík.
[18][19][20] UMFB fielded a joint team with Boltafélag Ísafjarðar periodically from 2006 under the name BÍ/Bolungarvík.