Downeast Credit Union Machias ME | Affordable Auto Loans & ATM Services

Introduction

Welcome to Downeast, your trusted partner in financial well-being since 1941. Located at 211 Main St, Machias, ME 04654, we are proud to serve our community with a commitment that goes beyond just banking. With a total membership of 22,994 and total assets reaching an impressive $289,364,810, we understand the importance of building strong relationships with our members. At Downeast, we're more than just numbers. Our dedicated team of 87 employees, led by CEO Joseph Moses and Board President Mason Pottle, is here to provide personalized service tailored to your unique needs. Whether you're looking for checking accounts, auto loans, or business banking services, we have solutions designed to help you succeed. While you can visit us at our branch for friendly assistance, official correspondence should be sent to our mailing address: PO Box 189, Machias, ME 4654. We encourage you to reach out via phone at 207-255-0172 or explore our offerings online at Downeast Credit Union. With total loans and leases amounting to 16,915 and deposits totaling $9,694,867, we are committed to ensuring your financial future is secure. Our net worth stands strong at $28,134,222, reflecting our stability and dedication to serving you. Join us today and experience the difference that a community-focused credit union can make in your financial journey!

Branch History & Mission

At Downeast, we are proud of our rich history and unwavering commitment to the community in Machias, Maine. Since opening our doors in 1941, we have grown from a small credit union into a vital financial resource for nearly 23,000 members. Our journey began with a simple mission: to provide accessible and affordable financial services to the people of Washington County. Over the years, we have continually evolved to meet the changing needs of our members while remaining true to our core values. Located at 211 Main St, Machias, ME 04654, our branch has become a familiar landmark for locals. We are easily accessible and offer convenient services that include an ATM, drive-thru banking, and shared service center options for those who need them. While members can visit us at this address, official correspondence should be sent to PO Box 189, Machias, ME 4654. Our mission extends beyond just providing financial products; we aim to empower our community through education and support. We offer personal banking services like checking and savings accounts, auto loans, mortgages, and credit cards with rewards. Additionally, we proudly provide business banking solutions to help local entrepreneurs thrive. As we strive for excellence in service delivery, we also embrace digital advancements like online and mobile banking, ensuring our members can manage their finances conveniently. Downeast is more than just a credit union; it's a partner in building a stronger community. Our outreach initiatives focus on supporting local events and programs that enhance the lives of our members and neighbors. We understand that when our community thrives, so do we. This approach reflects in our total assets of over $289 million, highlighting the trust and support we've built over decades. As we look toward the future, we're excited about continuing to serve Machias and surrounding areas with integrity and compassion. Our dedicated team is here to assist you during our operating hours from 9:00 a.m. to 4:00 p.m., Monday through Friday. We invite you to join us at Downeast Credit Union where you'll not only find exceptional financial services but also a welcoming community committed to your success. Experience the difference today! For any inquiries or assistance, feel free to call us at 207-255-0172 or visit us online at www.downeastcu.com.

Branch Location & Accessibility

Welcome to Downeast, your friendly neighborhood credit union located at 211 Main St in beautiful Machias, Maine. Nestled in the heart of Washington County, our branch is easy to find and even easier to access. Just a short walk from local landmarks, including the scenic Machias River and nearby shopping options, you'll feel right at home when you visit us. At Downeast, we understand that convenience matters. That's why we offer plenty of parking for our members, along with features that ensure everyone can enjoy our services. Our branch is ADA-compliant, featuring ramps and accessible entrances for those who need them. We're here to serve you with open arms from 9:00 a.m. to 4:00 p.m., Monday through Friday. Whether you're looking to open a new account, inquire about auto loans, or just need some financial advice, our dedicated team is ready to assist you every step of the way. If you can't make it during regular hours, don't worry! We also have an ATM available for your convenience, along with drive-thru banking for quick deposits and withdrawals. While members can visit us at 211 Main St for all their banking needs, please note that official correspondence should be sent to PO Box 189 in Machias. This ensures that any important documents reach us promptly and securely. If you're part of another credit union, take advantage of our shared service center options! We believe in making banking accessible to everyone in the community. Got questions? Feel free to call us at 207-255-0172. We invite you to stop by Downeast today let's make your banking experience as smooth as possible!

Member Eligibility

At Downeast, we believe that becoming a member means joining a community that genuinely cares about your financial well-being. If you're looking to unlock a world of benefits, membership is open to anyone who lives, works, or worships in our service area. This includes residents of Washington County and those employed by local businesses. We welcome you to explore the advantages of being part of our cooperative, from competitive loan rates to personalized service tailored just for you. Getting started is easy! You can find detailed eligibility criteria by visiting our website at https://www.downeastcu.com/membership/. Once you're ready to take the next step, opening an account is straightforward just head over to https://app.loanspq.com/apply.aspx?lenderref=downeast071019&list=vlccplhest. If you have any questions or need assistance along the way, feel free to call us at (207) 255-0172. We're excited to welcome you to Downeast, located at 211 Main St Machias Me 04654, where your financial journey truly matters!

Business Banking & Commercial Services

Merchant Services Made Easy

In addition to loans, we offer merchant services that simplify payment processing for your business. Imagine being able to accept payments seamlessly, whether online or in-person, allowing you to focus on what you do best growing your business. Our services help streamline operations and enhance customer satisfaction. Located at 211 Main St Machias Me 04654 in Machias, ME, we're here for you from 9:00 a.m. to 4:00 p.m., Monday through Friday. Let's work together to create a path for your business's financial success! Reach us at (207) 255-0172 for more information.

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. While we currently have no member or non-member commercial loans on the books, we know how crucial financing is for success. We are dedicated to providing flexible options tailored to your needs when the time is right.

Comprehensive List Of Services

Accessibility and Support

Our branch provides essential services through our basic drive-thru banking for quick deposits and withdrawals. We also support shared branch transactions for partner credit union members, allowing them to conduct deposits and withdrawals easily. If you need assistance or have questions about any of our offerings, don't hesitate to reach out at (207) 255-0172. Our team is here to help! At Downeast, we understand that financial needs vary from person to person and business to business. That's why we're committed to offering personalized service that fits your lifestyle. Ready to explore what we can do for you? Visit us at 211 Main St Machias Me 04654, call us at (207) 255-0172, or check out our website at Machias today! We look forward to being part of your financial journey!

Business Banking Solutions

For local entrepreneurs and businesses, we offer robust Business Banking services. From Merchant Services that help streamline transactions to tailored Business Loans, we support the growth of your business every step of the way.

Digital Convenience at Your Fingertips

In today's fast-paced world, convenience is key. Our Online & Mobile Banking platforms allow you to manage your accounts anytime, anywhere. Whether you're checking balances, transferring money, or paying bills, our digital tools are designed for ease of use. You can also enjoy features like ATM & Cash Withdrawal Services, ensuring you have access to cash when you need it most.

Personal Banking Made Simple

We offer various Personal Banking options, including checking and savings accounts designed to help you save for the future while enjoying easy access to your funds. Need a new vehicle? Our Auto Loans & Vehicle Financing make it simple to get on the road with competitive rates and flexible terms. For those looking to purchase a home, our Mortgage Loans & Refinancing services can guide you through the process, making home ownership more attainable than ever. If you're facing unexpected expenses or want to consolidate debt, our Personal Loans & Debt Consolidation options provide financial relief without the hassle. Plus, our Credit Cards with Rewards give you an opportunity to earn while you spend, offering cash back or points towards travel and other perks.

Digital & Online Banking

Convenient Online Services

Our 24/7 online banking services allow you to access your accounts anytime, anywhere. Whether you want to check your balance, pay bills, or transfer funds, everything is at your fingertips. Plus, with our electronic signature authorization feature, signing documents online is simple and hassle-free.

Eco-Friendly E-Statements

We also provide e-statements for all members who prefer going paperless. This not only helps save trees but also gives you instant access to your financial records without cluttering your mailbox. At Downeast, we prioritize security and ease of use in all our digital banking features. Enjoy real-time account management and take control of your financial life with confidence! Visit us today at https://www.downeastcu.com/ to learn more about how our digital services can benefit you.

Mobile Banking Made Easy

Stay connected with our mobile application, which lets you manage your finances on the go. You can easily make person-to-person transfers with just a few taps on your phone. Need to make purchases? Our mobile payments feature ensures you're always ready for transactions, whether you're shopping in-store or online.

Financial Strength

A Growing Community

As of now, we have a total of 42,317 share accounts, showcasing a strong and growing member base that trusts us with their finances. Our net shares available for lending and investments stand at $219,089, reinforcing our commitment to supporting your financial journey. 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 211 Main St Machias Me 04654 or call (207) 255-0172 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

With $26,078,853 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with $6,734 in used auto loans and $243,969,098 in total loans and leases. Our operational efficiency is reflected in our $499,730, which enables 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 who are always ready to serve you with a knowledgeable, committed team.

Member-Centric Savings

Your savings are secured through $79,895,844 in share certificates and $41,270,802 in money market shares, which offer stable and rewarding growth opportunities. We pride ourselves on prioritizing our members; with non-member deposits at $24,560,000, we ensure our resources focus on benefiting you through better loan rates, lower fees, and exclusive perks.

Our Financial Health

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. This robust net worth ratio of $967 demonstrates our solid capital foundation. It ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Additional Information

Our team at Downeast is here to help you navigate these options and find the right fit for your financial situation. If you're interested in learning more about eligibility or want to explore refinancing options, please don't hesitate to reach out. You can contact us at (207) 255-0172, or visit us at our branch located at 211 Main St Machias Me 04654 in Machias, ME. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Whether it's securing a loan for a vehicle or stepping into your new home, we are dedicated to making your lending experience straightforward and supportive. Let us help you achieve your dreams today!

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 offer flexible terms and competitive rates to make financing your vehicle as easy as possible.

Business Financing

For business owners, while we currently don't have outstanding commercial loans available, we're dedicated to supporting local businesses through other services such as merchant banking solutions. We recognize the importance of capital for growth and expansion, so keep an eye out for future offerings!

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 also have refinancing options available, allowing you to adjust your loan terms as needed for better financial management.

Unsecured Credit Cards

Managing day-to-day expenses can be challenging. That's why we also offer flexible terms on unsecured credit card loans, with a total of $9,401,101 in loans helping members manage their finances effectively. Our credit cards come with rewards and no hidden fees, ensuring you can spend smartly without worry.

Loan Aggregator

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Downeast