Downeast Credit Union

Headquarters

Po Box 130, 23 Third Ave
Baileyville, ME 04694
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.50% →
1-Year CD 0.75% 4.65% →
2-Year CD 0.90% 4.25% →
5-Year CD 1.15% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Downeast is an NCUA insured institution located in Baileyville, ME. It was founded in 1941 and has approximately $291.25 millions in assets.

NCUA Insured Yes / State-Chartered
Charter Number # # 68563
Date Established 1941
Assets $291.25 million
Loans $240.72 million
Deposits $260.41 million
Capital $27.87 million
 

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.

Deposit Rates - December 24, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
0.95% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - December 24, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Downeast

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.734% 6.625% 0.75 $3,610 $2,049 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.977% 6.875% 0.88 $3,334 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.463% 7.375% 0.88 $2,800 $2,211 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
6.990 %
After Intro: 6.990 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR
7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info

Note to Downeast
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Downeast branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Downeast Locations around zip code 43085


BranchDistance Map View Lobby Hours

Topsham

743.30 A View Lobby Hours

Richmond

754.92 B View Lobby Hours

Unity

792.17 C View Lobby Hours

Belfast

802.51 D View Lobby Hours

Bangor

827.35 E View Lobby Hours

Machias

887.46 F View Lobby Hours

Main Office

900.93 G View Lobby Hours

Calais

907.48 H View Lobby Hours


Climate Policy and Initiatives

DOWNEAST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Downeast Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Downeast. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Downeast U.S. Average
5.25% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Downeast had $1,435,514 in non-current loans and $103,396 in owned assets. To cover these potential losses it had $27,867,925 in net worth and $1,470,621 in loans loss reserves. That gives it a Texas Ratio of 5.25%.

Net Worth
Downeast U.S. Average
9.52% 13.93%

Downeast FCU has a net worth of 9.52% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Downeast

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