Down East

23 Third Ave
Baileyville, ME 04694

Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 68563
Date Established 1941
Assets $179.09 million
Loans $153.42 million
Deposits $163.48 million
Capital $14.10 million

Down East is an NCUA insured institution located in Baileyville, ME. It was founded in 1941 and has approximately $179.09 millions in assets.

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

Your Current Location: Virginia, VA 20146

CD Rates (Share Certificate Rates) APY MIN MAX
Savings Rates (Share Account Rates) APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.00% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.10% $1 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.25% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.25% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $5 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for DOWN EAST

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.320% 4.250% 0.38 $2,190 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More

Note to DOWN EAST
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Branches

Below are Down East 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:
Ashburn,Virginia


Down East Locations

Financial Details

Down East Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Down East. 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
Down East U.S. Average
21.16% 7.77

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 September 30, 2017, Down East had $2,852,596 in non-current loans and $436,181 in owned assets. To cover these potential losses it had $14,101,822 in net worth and $1,441,476 in loans loss reserves. That gives it a Texas Ratio of 21.16%.

Net Worth
Down East U.S. Average
7.87% 13.15%

Down East FCU has a net worth of 7.87% versus the BestCashCow average of 13.15. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions On Down East

What is Down East?

A federal credit union, registered with the NCUA under certificate #68563.
Learn more about credit unions here.

Is Down East FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Down East?

Please see Field of Membership information above for information on who is eligible to join.

What are Down East's share account and share certificate rates?

Down East's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Down East?

Down East has total capital of $14.10 million. Full information on Down East's financial position is located above.

Who owns Down East?

Credit Unions are owned by their members.

Where are Down East branches located?

See branch locations nearby.

Are Down East ATMs Open 24/7?

Do Down East ATMs accept cash deposits?

Can Down East customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Down East have a mobile app?

Does Down East have mobile deposit?

Does Down East have quick pay?

How can Down East transfer money to other banks or credit unions?

Does Down East report to credit bureaus?

Does Down East use Chexsystems?

Does Down East use Equifax?

What is Down East's toll free phone number?

What is Down East's ACH Routing Number?

What is Down East's SWIFT code?

Where can I find Down East's wire transfer form?

What is the Down East address for deposits?

What Products Does Down East Offer

Does Down East offer mortgages?

Compare mortgage rates here.

Does Down East offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Down East offer auto and RV loans?

Compare auto loan rates here.

Does Down East offer student loans or personal loans?

Compare personal loan rates here.

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