Down East Credit Union


Overview / Commentary
207-427-333
23 Third Ave
Baileyville, ME 04694

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.

Field of Membership Restrictions

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

Reviews (1)

Fairly Disapointed

Posted by: |

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
Employees87
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.13%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$261.2MM$255.8MM
LoansQ2 2023vs Q2 2022$220.0MM$202.9MM
DepositsQ2 2023vs Q2 2022$232.3MM$226.7MM
Equity CapitalQ2 2023vs Q2 2022$26.0MM$27.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$1.5MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.4MM$750.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates

Rates for Down East Credit Union are currently being reviewed.

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 Office254 North StCalais, ME 04619-1620
Branch Office460 Wilson St Ste 1Brewer, ME 04412-1417
Branch Office58 School StUnity, ME 04988
Branch Office94 Main StTopsham, ME 04086
Branch Office211 Main StMachias, ME 04654

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