Downeast Credit Union Baileyville ME | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Downeast, your trusted credit union located at 23 Third Ave, Baileyville, ME 04694. Established in 1941, we have been a cornerstone of the community for over eight decades, proudly serving our 22,994 members with dedication and care. Our commitment to providing exceptional financial services is reflected in our impressive total assets of $289,364,810 and total deposits of $9,694,867. At Downeast, we believe in empowering our members through personalized banking solutions tailored to meet your unique needs. Whether you're looking for auto loans or mortgages, our team is here to help you navigate your financial journey with confidence. We currently manage a portfolio of 16,915 loans and leases, ensuring that we support our members in achieving their goals. While members can visit us at our branch location, official correspondence should be sent to PO Box 130, Baileyville, ME 4694. With a dedicated staff of 87 employees, led by CEO Joseph Moses and Board President Mason Pottle, we strive to create a welcoming environment where everyone feels valued. Our financial strength is evident not only in our assets but also in our net worth of $28,134,222 and cash in hand amounting to $4,167,319. We take pride in being a stable institution that prioritizes the well-being of its members. We invite you to explore what Downeast has to offer visit us today or give us a call at 207-427-3333 during our operating hours from 9:00 a.m. to 4:00 p.m., Monday through Friday. Your financial success is our mission! For more information about our services, please check out our website at downeastcu.com.

Branch History & Mission

At Downeast, we take pride in our rich history and unwavering commitment to the community. Founded in 1941, our branch has grown from humble beginnings into a trusted financial partner for nearly 23,000 members in Baileyville, Maine. Located at 23 Third Ave, right in the heart of the city, we're not just a credit union; we're a cornerstone of our community. Over the years, Downeast has achieved remarkable milestones that reflect our dedication to serving our members. With total assets exceeding $289 million, we have expanded our offerings to include personal banking, auto loans, mortgages, and business banking services. This growth is a testament to our focus on providing quality financial solutions tailored to meet the needs of our diverse membership. Our mission is simple yet profound: to empower our members by offering affordable financial services while actively supporting community initiatives. We believe that when our members thrive, so does the entire community. Our commitment extends beyond just banking; we are dedicated to making a positive impact through various outreach programs and partnerships that foster local development and support those in need. While members can visit us at 23 Third Ave, official correspondence should be sent to PO Box 130, Baileyville, ME 4694. Our operating hours are convenient for you Monday through Friday from 9:00 a.m. to 4:00 p.m. making it easy for you to connect with us when you need assistance. At Downeast, we understand the importance of accessibility. That's why we offer ATM services and drive-thru banking options for quick transactions. Additionally, our shared service center allows members of partner credit unions to access essential services seamlessly. As we continue to embrace digital advancements like online banking and mobile payments, we remain committed to ensuring all facilities comply with ADA standards. Our goal is to create an inclusive environment where everyone can access their financial resources comfortably. Join us at Downeast and become part of a vibrant community that values support, growth, and shared success. Experience firsthand how we can help you achieve your financial goals while making a difference in Baileyville and beyond. We look forward to welcoming you! For more information or to get started today, call us at 207-427-3333 or visit our website at Downeast.

Branch Location & Accessibility

Call to Action

While members can visit us at 23 Third Ave, official correspondence should be sent to PO Box 130, Baileyville, ME 4694. If you have any questions or would like more information about our services, don't hesitate to give us a call at 207-427-3333. We look forward to welcoming you to Downeast!

Nearby Landmarks and Accessibility

Situated close to local favorites like the Baileyville Town Park, our branch is easily accessible for all members. We have ample parking available so you can visit us without any hassle. Our building is ADA compliant, featuring ramps and accessible entrances to ensure everyone can get the service they need comfortably.

Operating Hours and Services

At Downeast, we understand that your time is valuable. That's why we're open from 9:00 a.m. to 4:00 p.m., Monday through Friday. Whether you need to open an account, apply for a loan, or just ask a question, our team is ready to assist you during these hours. We also offer drive-thru banking for quick and easy transactions without leaving your vehicle. And if you're looking for ATM access, you're in luck our branch provides ATM services for your convenience.

Member Eligibility

Becoming a member of Downeast is like joining a warm, welcoming family that truly cares about your financial well-being. If you live, work, worship, or attend school in the local community, you're likely eligible to join us! We believe in providing opportunities for everyone, so even if you don't meet those criteria but have a close connection to someone who does, you might still qualify. Membership opens doors to a variety of benefits, including competitive rates on loans and savings accounts, personalized service, and access to our community-focused programs. Ready to take the next step? Opening an account with us is easy! Simply visit our website at https://app.loanspq.com/apply.aspx?lenderref=downeast071019&list=vlccplhest for more details on how to start your membership journey. If you have any questions or need assistance, feel free to give us a call at (207) 427-3333. For full eligibility details, check out our dedicated page at https://www.downeastcu.com/membership/. Join us at Downeast, located at 23 Third Ave Baileyville Me 04694, and experience the difference that a supportive credit union can make in your financial life!

Business Banking & Commercial Services

Business Loans That Fuel Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. Additionally, we support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services Made Easy

Imagine a bustling local café that needs a simple way to accept payments. Our merchant services streamline transactions, making it easy for customers to pay while you focus on delivering great service. From card processing to point-of-sale systems, we equip businesses like yours with the tools needed to thrive. Visit us at 23 Third Ave Baileyville Me 04694 in Baileyville, ME, or call us at (207) 427-3333 to learn how our business banking and commercial services can elevate your operations today!

Comprehensive List Of Services

Business Banking Services

For our business members, we offer comprehensive business banking solutions, including merchant services and business loans. We understand the challenges small businesses face, and we're dedicated to providing support that helps you thrive.

Convenient Digital Banking Features

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking options, allowing you to check balances, transfer funds, pay bills, and even make person-to-person payments from wherever you are. Plus, with access to an ATM network for cash withdrawals, managing your money has never been easier.

Credit Cards with Rewards

Managing credit wisely is essential for building a strong financial future. Our credit cards with rewards allow you to earn points on purchases while enjoying benefits tailored just for you. This means more value every time you swipe!

Drive-Thru and Shared Branch Services

Need quick access without stepping inside? Our drive-thru banking allows for easy deposits and withdrawals while you're on the go. For members of partner credit unions, we also offer shared branch transactions, making it simple to manage your accounts no matter where you are. At Downeast, located at 23 Third Ave Baileyville Me 04694, we're dedicated to serving our community with personalized service and expert guidance. If you're interested in exploring any of these services or have questions about how we can assist you further, please don't hesitate to call us at (207) 427-3333. Join us today at Main Office where your financial well-being is our top priority!

Home Financing Options

Thinking about buying a home? Our mortgage loans and refinancing services make it simple for you to navigate the home buying process or lower your current mortgage payments. We're here to guide you through each step, ensuring that you have all the information needed to make informed decisions. If you're facing unexpected expenses or simply want to consolidate existing debt, our personal loans and debt consolidation options can provide relief and simplify your financial life.

Personal Banking Solutions

We understand that managing personal finances can sometimes feel overwhelming. That's why we offer checking and savings accounts designed to help you save and spend wisely. Imagine having a straightforward checking account where you can easily access your funds for everyday purchases, coupled with a savings account that earns interest over time. For those looking to purchase a vehicle, our auto loans and vehicle financing options are here to help you get behind the wheel of your dream car. We offer competitive rates and flexible terms that fit within your budget.

Digital & Online Banking

Key Features

One of the highlights of our digital offerings is the availability of e-statements. Opting for electronic statements not only helps you stay organized but also reduces paper clutter, making it an eco-friendly choice. Plus, with our electronic signature authorization, signing documents has never been easier or more secure. If you're always on the go, our mobile application allows you to bank right from your smartphone. You can easily make mobile payments and enjoy person-to-person transfers with just a few taps. Whether splitting a bill with friends or sending money to family, our services make transactions simple and quick.

Security and Accessibility

At Downeast, we prioritize your security. Our digital banking features come equipped with robust security measures to protect your personal information. From secure logins to transaction alerts, you can have peace of mind knowing that your data is well-guarded. Overall, our digital and online banking services are tailored to fit your lifestyle. With accessibility at the forefront, managing your finances has never been more convenient. Experience the ease of banking digitally with us today!

Financial Strength

At Downeast, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to maintaining a solid financial foundation that supports your needs now and in the future. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $28,134,222, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $967 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $79,895,844 in share certificates and $41,270,802 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $24,560,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our commitment to growth is reflected in our $26,078,853 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $6,734 in used auto loans and $243,969,098 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our operational efficiency shines through with a reported $499,730, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 86 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $219,089. Total Share and Deposit Accounts: 42,317, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Downeast is your trusted partner. Visit us at 23 Third Ave Baileyville Me 04694 or call (207) 427-3333 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $128,988,149 in used vehicle loans and $33,918,821 in new vehicle loans already helping members get on the road. We provide flexible terms and can assist with refinancing options if you're looking to lower your monthly payments or pay off your current loan more quickly.

Credit Lines

If you're interested in having a line of credit for unexpected expenses or projects, our credit lines are available as well. With a total amount of $25,396,820, we ensure that you have access to funds when you need them. Our branch at 23 Third Ave Baileyville Me 04694, located in Baileyville, ME, is ready to assist you. You can reach us at (207) 427-3333 during our operating hours from 9:00 a.m. to 4:00 p.m., Monday through Friday. We invite you to explore our lending options further by visiting our website. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step towards financial freedom!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $1,851,727, make buying or refinancing simple. We offer competitive rates and personalized service to help you navigate the home-buying process.

Unsecured Credit Card Loans

For those looking for additional financial flexibility, we also offer unsecured credit card loans. With a total of $9,401,101 in loans helping members manage their finances effectively, our credit cards come with various benefits tailored to fit your lifestyle.

Loan Aggregator

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Downeast