Down East Credit Union

  • +1

A short history of Down East CU

Since its inception in 1941 the Down East Credit Union has been serving its members in the Baileyville, Maine area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by David Tozier, the Down East CU has grown its membership to over 19,996 with assets of more than $174,497,465. They have a main office and 8 branch offices. Please see the credit unions website or contact them by phone at (207) 427-3333 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Baileyville, ME.

General Information For Down East CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 68563
Address 23 Third Ave 
City Baileyville 
State Maine 
Zip-Code 04694
Phone Number (207) 427-3333
Fax Number (207) 427-3808
Email Address:
CEO/President David Tozier
Members 19,996 
Full-Time Employees 78 
Part-Time Employees
Number of Branch Offices
Total Assets 174,497,465 

Compare Down East Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)

Down East Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Down East Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.22 5.24 6.74 5.24 6.86
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 101 423 521 295 420
Rank Among All Maine Credit Unions 4 34 43 27 29

Down East Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.25 1.25 0.10
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 105 126 283
Rank Among All Maine Credit Unions 7 11 10 8 32
Down East Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.2202,0696,104,279
All Other Unsecured Loans/Lines of Credit 9.3101,6267,027,853
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.24053711,098,820
Used Vehicle Loans 6.7405,04561,092,582
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.24052329,204,579
Total Other Real Estate Loans/Lines of Credit 6.86055913,738
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.6402,97134,885,586
TOTAL LOANS & LEASES 12,826150,327,437

Down East Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 17915,127,234181,745,584
    b. 15 Years or less 2439,477,17214953,803
    a. > 15 years 71,162,17500
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 923,331,679125,000
Adjustable Rate > 1 yr 2106,31900


Closed-End Fixed Rate 23415,83100
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 32497,907357,500
Open-End Fixed Rate 0000
TOTALS 57830,118,317362,781,887


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 1189,2000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Down East Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes