Featured Savings Rates
Featured Accounts

Down East Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.25%Money MarketMoney Market Account
1.00%6-month CD5 Month Share Certificate Special
1.00%6-month IRA5 Month IRA Certificate Special

Overview / Commentary
800-427-1223
23 Third Ave
Baileyville, ME 04694

Down East Credit Union is headquartered in Baileyville and is the 19th largest credit union in the state of Maine. It is also the 1,206th largest credit union in the nation. It was established in 1941 and as of March of 2016, it had grown to 71 employees and 19,123 members at 8 locations. Down East Credit Union's money market rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Down East Credit Union of Maine is open to the residents, registered students, church members, and people maintaining employment in these Maine Counties: Hancock, Kennebec, Knox, Lincoln, Penobscot, Sagadahoc, Waldo and Washington along with the Cumberland County towns of Brunswick and Harpswell. Membership eligibility is also extended to include the family members of current credit union members.
See current membership details

Related Posts

View all posts from:


Reviews (1)

Fairly Disapointed

Posted by: Anonymous | Jan 23, 2012

First let me say, this is in regards to the Branch in Richmond, Maine. We haven't had any experiences at any other branches. Both my husband and I have checking accounts and I have a college savings type account for my child too. There new building was just resurrecting. Extremely inconvenient that the bank and it's employees didn't conduct the actual move on the weekend instead of during the week. They closed down for business, which was extremely inconvenient. Their hours are limited. Staying open only until 4. It seems they don't go out of their way to make banking any more convenient. They moved their ATM machine, to the inside. Accessible only to card holders after hours. I have a debit card with them, and it still doesn't open the door. The tellers inside are ALWAYS grumpy. NEVER a smile or a kind word. When I try to use their "convenient" shared branching service, I just get a lot of guff. It's like they are put out by doing it. Lastly, we called about getting a loan to buy some land, we never got a call back as promised, and had to call back ourselves a week later. Really disappointed with this local bank. They are physical convenient, but all the hassle and bad attitudes make us not want to bank there. As far as the ATM, I have heard from lots of townspeople that this is really inconvenient. They will end up losing business to the other local banks in town for this.



Health
B

Health Grade Components

Overall
NCUA #68563
Year Chartered1941
Employees71
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD8.26%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$150.3MM$131.9MM
LoansQ1 2016vs Q1 2015$126.9MM$112.9MM
DepositsQ1 2016vs Q1 2015$134.4MM$113.2MM
Equity CapitalQ1 2016vs Q1 2015$11.7MM$10.5MM
Loan Loss AllowanceQ1 2016vs Q1 2015$1.2MM$960.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$1.8MM$1.8MM
Real Estate OwnedQ1 2016vs Q1 2015$433.00K$456.00K
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Down East Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Down East Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--IRA Savings Account
0.10%--Educational IRA Savings Account
0.10%--Roth IRA Savings Account
0.05%--Share Savings Account
0.05%--Club Account

Down East Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$100k*-Money Market Account
OTHER TIERS: 0.50% $2,500 - $50k | 0.75% $50k - $100k
0.10%$25k-Money Management

Down East Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2,500-Commercial Share Draft Account
0.05%--North Account - All Points Checking
0.03%--South Account - All Points Checking
0.02%--East Account - All Points Checking

Down East Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$500-5 Year Share Certificate
1.00%$500-4 Year Share Certificate
1.00%$500-5 Month Share Certificate Special
0.60%$500-3 Year Share Certificate
0.40%$500-2 Year Share Certificate
0.40%--2 Year Sow & Grow Share Certificate
0.15%$500-1 Year Share Certificate
0.15%--1 Year Sow & Grow Share Certificate
0.10%$500-6 Month Share Certificate

Down East Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$500-5 Year IRA Certificate
1.00%$500-4 Year IRA Certificate
1.00%$500-5 Month IRA Certificate Special
0.60%$500-3 Year IRA Certificate
0.40%$500-2 Year IRA Certificate
0.15%$500-1 Year IRA Certificate
0.10%$500-6 Month IRA Certificate
Locations


Down East Credit Union Locations
Branch Office92 Lincolnville AveBelfast, ME 04915
Branch Office151 Main StRichmond, ME 04357
Branch Office23 Third AveBaileyville, ME 04694
Branch Office295 North St Ste 2Calais, ME 04619
Branch Office24 Springer Dr Ste 111Bangor, ME 04401
Branch Office58 School StUnity, ME 04988
Branch Office94 Main StTopsham, ME 04086
Branch Office211 Main StMachias, ME 04654