Sep, 30, 2025 — DOWNEAST CREDIT UNION is a federally insured state chartered credit union headquartered in BAILEYVILLE, ME with 8 branch locations and about $308.79 million in total assets. Opened 85 years ago in 1941, DOWNEAST CREDIT UNION has about 24,511 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DOWNEAST CREDIT UNION |
|---|---|
| Address: (Main Office) | 23 Third Ave BAILEYVILLE, ME 04694 |
| Phone: | (207) 427-3333 |
| Fax: | (207) 512-1537 |
| Website: | https://www.downeastcu.com |
| Branches: | 8 branch locations |
| Members: | 24,511 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68563 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $308,786,001 |
| CEO/Manager: | Joseph Moses |
| Chairperson: | Mason Pottle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,747,122 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,467,221 |
| Unsecured Loans | 16,813,057 |
| Other Loans | 200,138,037 |
| TOTAL LOANS | 261,418,314 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,666,678 |
| Land And Building | 6,240,966 |
| Other Fixed Assets | 1,323,940 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,120,491 |
| All Other Assets | 76,102 |
| TOTAL ASSETS | 308,786,001 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,265,889 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,416,090 |
| Regular shares | 62,814,924 |
| All Other Shares & Deposits | 177,394,240 |
| TOTAL SHARES & DEPOSITS | 276,625,253 |
| TOTAL LIABILITIES | 279,891,142 |
| Regular Reserve | 0 |
| Other Reserves | 666,607 |
| Undivided Earnings | 28,228,252 |
| TOTAL EQUITY | 28,894,859 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 308,786,001 |
| INCOME & EXPENSE | |
| Loan Income | 11,848,552 |
| Investment Income | 603,409 |
| Other Income | 600,855 |
| Total Employee Compensation & Benefits | 6,441,695 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,088,696 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,000 |
| Cost of Funds | 4,596,575 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,539,299 |
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