Down East Credit Union
Down East Credit Union is a mid-sized, state-chartered credit union headquartered in Baileyville, ME. The credit union operates 8 branches in 1 state (Maine). It has $88.8 million in assets and roughly 15,600 members.
Products offered include: Sow & Grow CD, Shared CD, IRA CD, IRA Savings, Money Market and Share Savings.
Current Down East Credit Union Rates
| Name | Term | APY | Min Deposit | |
| Sow & Grow CD | 1 year | 0.50 % | $10 | |
| 2 years | 0.80 % | $10 | ||
| Shared CD | 6 months | 0.40 % | $500 | |
| 1 year | 0.50 % | $500 | ||
| 2 years | 0.80 % | $500 | ||
| 3 years | 1.20 % | $500 | ||
| 4 years | 1.40 % | $500 | ||
| 5 years | 1.80 % | $500 | ||
| IRA CD | 6 months | 0.40 % | $500 | |
| 1 year | 0.50 % | $500 | ||
| 2 years | 1.20 % | $500 | ||
| 3 years | 1.20 % | $500 | ||
| 4 years | 1.40 % | $500 | ||
| 5 years | 1.80 % | $500 |
Down East Credit Union Membership Eligibility
Membership at Down East Credit Union is open to those who live, work, worship or attend school in the following Maine counties: Washington, Waldo, Hancock, Penobscot, Lincoln, Kennebec, Sagadahoc, and Knox counties, as well as the towns of Brunswick and Harpswell in Cumberland County. Membership is also available to immediate family members of existing members, those living in the same household and organizations of such persons who all live within the field of membership.
About Down East Credit Union
Down East Credit Union began as St. Croix Federal Credit Union, founded in 1941 by the employees of St. Croix Pulp and Paper Company. In 1985, a community charter was granted to include the towns of Princeton, Baileyville, Baring, and Calais. Current President/CEO, David Tozier, assumed leadership of the credit union in 1995, with Mason Pottle acting as Chairman of the Board of Directors.
In 1996, the charter expanded to include all of Washington County, followed in 1999 with an expansion to include Waldo County. In 2004 our Field of Membership was expanded to include all who live, work, worship, attend school, or conduct business in Washington, Waldo, Hancock, or Penobscot counties.
In March of 2006, we changed our name to Down East Federal Credit Union. In November of 2006, we converted from a federally-chartered to a state-chartered credit union. This change allowed us to continue with our plans for growth and expansion, while keeping our federally insured status.
In 2007 a merger between Bowdoinham Federal Credit Union with offices in Bowdoinham and Richmond was presented to membership. With the approval of members of both credit unions, the merger was approved and official on July 30, 2007. Down East Credit Union currently serves over 15,000 members from eight locations.