Down East Credit Union is headquartered in Baileyville and is the 15th largest credit union in the state of Maine. It is also the 1,084th largest credit union in the nation. It was established in 1941 and as of June of 2023, it had grown to 87 employees and 22,064 members at 8 locations. Down East Credit Union has a B+ health rating.
Down East Credit Union open to those who live, work, worship, or attend school in the Maine counties of Hancock, Kennebec, Knox, Lincoln, Penobscot, Sagadahoc, Waldo, or 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
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.
|Return on Assets - YTD||0.41%|
|Return on Equity - YTD||4.13%|
|Annual Interest Income||$5.7MM|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$261.2MM$255.8MM|
|Loans||Q2 2023vs Q2 2022||$220.0MM$202.9MM|
|Deposits||Q2 2023vs Q2 2022||$232.3MM$226.7MM|
|Equity Capital||Q2 2023vs Q2 2022||$26.0MM$27.0MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$0$1.5MM|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$1.4MM$750.00K|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Rates for Down East Credit Union are currently being reviewed.
|Down East Credit Union Locations|
|Branch Office||92 Lincolnville Ave||Belfast, ME 04915|
|Branch Office||151 Main St||Richmond, ME 04357|
|Branch Office||23 Third Ave||Baileyville, ME 04694|
|Branch Office||254 North St||Calais, ME 04619-1620|
|Branch Office||460 Wilson St Ste 1||Brewer, ME 04412-1417|
|Branch Office||58 School St||Unity, ME 04988|
|Branch Office||94 Main St||Topsham, ME 04086|
|Branch Office||211 Main St||Machias, ME 04654|