Down East Credit Union

About Down East Credit Union

Down East Credit Union Location

Po Box 130
Baileyville, ME 04694

Phone: (207) 427-3333
Website: www.downeastcu.com
Routing/Transit Number: Not Available

Down East Credit Union Information

Down East Credit Union of Baileyville, ME is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 12540 members and assets of $79,522,663, as compared to the national average of $93 million dollars of assets per credit union. Down East Credit Union, first opened in 1941 and has been in operation since then. Additionally, Down East Credit Union has 55 full time employees and 7 part time employees, or 202.258064516 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Down East Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Down East Credit Union is a not-for-profit, cooperative, tax-exempt organization.