Down East Credit Union

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 member@downeastcu.com 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.

Compare Down East Credit Union To Other Local Credit Unions

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Down East Credit Union Financial Performance Charts

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	8.220	2,069	6,104,279
All Other Unsecured Loans/Lines of Credit	9.310	1,626	7,027,853
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	5.240	537	11,098,820
Used Vehicle Loans	6.740	5,045	61,092,582
Total 1st Mortgage Real Estate Loans/Lines of Credit	5.240	523	29,204,579
Total Other Real Estate Loans/Lines of Credit	6.860	55	913,738
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	5.640	2,971	34,885,586
TOTAL LOANS & LEASES		12,826	150,327,437

Down East Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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	179	15,127,234	18	1,745,584
b. 15 Years or less	243	9,477,172	14	953,803
Balloon/Hybrid
a. > 15 years	7	1,162,175	0	0
b. 15 Years or less	0	0	0	0
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	92	3,331,679	1	25,000
Adjustable Rate > 1 yr	2	106,319	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	23	415,831	0	0
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	32	497,907	3	57,500
Open-End Fixed Rate	0	0	0	0
TOTALS	578	30,118,317	36	2,781,887

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	1	189,200		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

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