The club was promoted from the second tier for the first and only time in 1996, competing in the 1997 Icelandic Premier League, where they finished 9th out of 10 and were instantly relegated.
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Ungmennafélagið Skallagrímur, known as UMF Skallagrímur or just Skallagrímur, is a multi-sports club from Borgarnes, Iceland.