Get Rewarded!
At Downeast Credit Union and Insurance, we want to reward you for your Loyalty.
That is why Loyal Members can enjoy perks like rate discounts on loans, no closing costs on HELOCs, no-fee VISA balance transfers and more!
Read below to learn more about these perks and how you can qualify.
Loyal Members can enjoy amazing perks!
MORTGAGES
Get 0.50% OFF your qualifying rate!1
Plus, take advantage of a no-fee, no refinance Rate Reduction if rates go down in the first 5 years of your mortgage.
HELOCS
No closing costs & 1.00% OFF!2
HELOCs can be a fast and convenient way to get the money you need when you need it. Borrow now - or later - without having to reapply!
AUTO & RECREATIONAL LOANS
Earn 0.50% OFF!3
Plus, you'll receive $250 OFF a Vehicle Service Contract to ensure years of protected driving.
PERSONAL LOANS
Enjoy 0.50% OFF your next Personal Loan.4
You've got your reasons, and we've got your personal loan!
CREDIT CARDS
0% Balance Transfer special6
Plus, the DECU VISA Credit Card special of 0% APR on Balance Transfers for 12-months can save you even more money!
INSURANCE
Enjoy a 5% discount and save on your policies!
Whether you need to protect your home, auto, toys or even life, Downeast Insurance will find the right coverage at the right price.
Open your account today:
How Can I Qualify?
To qualify for our Loyalty Discounts, Members must maintain a Downeast checking account with at least $1,000 each month in direct deposits and 10 debit card transactions per month. Earn perks as early as your first day of membership!
Membership at Downeast Credit Union is open to those who live, work, worship or attend school in the following Maine counties: Hancock, Kennebec, Knox, Lincoln, Penobscot, Sagadahoc, Waldo and Washington, as well as the towns of Brunswick and Harpswell in Cumberland County. Membership is also available to immediate family members of existing members, those living in the same household and organizations of such persons who all live within the field of membership.
For any additional questions about qualifications, you can contact our Account Experts by calling 207.454.9008.
Contact Us
Main Line: 1.800.427.1223
Account Experts: 1.207.454.9008
Lending Experts: 1.207.454.9006
Real Estate Team: 1.207.454.9007
Audio Response Line: 1.207.427.3720
Read what our Members are saying
"Keep doing what you are doing. Being local and answering local is a key differentiator for your credit union. Don't ever lose that aspect of your organization."
"Great to work with. Frankly, they completed everything faster than I had expected."
"The whole process was excellent and Jason was very helpful. I don't think this process could have gone any smoother or better."
"Our experience with our house mortgage went so smoothly and was done in a timely fashion. We could not have been happier with the process."
- Mortgage loyalty discount of 0.50% offered on new loans after 1/9/24. To qualify for loyalty discount, members must maintain a checking account with at least $1,000/month in direct deposits and 10 debit card transactions/month for the life of the loan. Members sign an addendum to reduce the interest rate based on qualifications; if at any time the qualifications are not met the rate will revert back to the qualifying rate. 2) For mortgages opened after 2/28/24, members may apply for a one-time, no-fee mortgage loan Rate Reduction within 5 years of the mortgage opening date, after which the 0.50% loyalty discount becomes void. All loans subject to credit approval; rates are based on credit worthiness. Terms and closing costs may vary. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. The Credit Union makes loans without regard to race, religion, or other discriminatory factors. Downeast Credit Union NMLS ID# is 531655.
- HELOC Terms and closing costs may vary. As of 12/19/24, the variable APR (Annual Percentage Rate) for home equity lines of credit ranges from 7.50% to 11.50%. This interest rate is subject to change with the Wall Street Journal Prime Rate but will not be less than 4.00% or exceed 18.00%APR. Payment is 1.5% of outstanding balance for example a $20,000 HELOC would cost $300 per month. Upon application, some members may be required to place a $200 deposit on hold in their savings account that may go toward any services requested during the application process; funds will be released back to the member if they are eligible for the no-closing cost HELOC option. Draw period is up to 6-years but will be reviewed at 3 years with a soft credit pull to qualify for an additional 3-year term. Property Insurance is required. Consult your tax advisor regarding the deductibility of interest. Some additional restrictions may apply. Loyalty Discounts: to qualify, member must have an active DECU checking account with at least $1,000/month in direct deposits and 10 debit card transactions/month at the time of the HELOC closing. 1) The Credit Union pays closing costs on home equity lines of credit for Loyal Members up to $100,000 on primary residence and must be stick-built homes only; mobile and double-wide homes do not qualify. The Credit Union will not pay any fees associated with surveys or any curative title work that may be required in order to perfect a lien, nor will the Credit Union pay the costs of a full appraisal if required; all such fees and costs are the client’s responsibility. Fees associated with opening a DECU home equity line of credit generally range from $0-$1,056. 2) Qualifying Loyal Members may receive a 1.00%APR Rate Reduction off their current qualifying rate. Loyalty rate reductions are dependent on your continued eligibility over the life of the loan. Offer good as of 12/19/24 for a limited time and may end at any time.
- Auto & Recreational Loans - To qualify for 0.50% off your next automobile, personal or recreational loan, member must have an active DECU checking account with at least $1,000/month in direct deposits and 10 debit card transactions/month at the time of the loan closing. *APR=Annual Percentage Rate. APRs and loan approval are based on collateral type, payment method, creditworthiness and ability to repay. Not all applicants will qualify for the lowest rate. The rate you receive on your loan will be the rate in effect at the time of loan disbursal. Rates effective as of 02/26/2025. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Other restrictions including vehicle and mileage limitations may apply. Payment example: a 60-month, fixed-rate Auto Loan for $20,000 would have a monthly payment of $386.59 at an annual percentage rate (APR) of 5.99%. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
- Personal Loans - To qualify for 0.50% off your next automobile, personal or recreational loan, member must have an active DECU checking account with at least $1,000/month in direct deposits and 10 debit card transactions/month at the time of the loan closing. *APR=Annual Percentage Rate. APRs and loan approval are based on collateral type, payment method, creditworthiness and ability to repay. Not all applicants will qualify for the lowest rate. The rate you receive on your loan will be the rate in effect at the time of loan disbursal. Rates effective as of 02/26/2025. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.
- Vehicle Service Contract To qualify for $250 off a Vehicle Service Contract, member must have an active DECU checking account with at least $1,000/month in direct deposits and 10 debit card transactions/month at the time of the loan closing. *The Credit Union has contracted with Century Automotive Service Corporation and CU Certified to make these service available as a convenience to our Members. Century Automotive Service Corporation, CU Certified and any manufacturer’s warranties are not services of the Credit Union; and are not obligations of or guaranteed by the Credit Union. Credit Union makes no representations as to the services of any provider or any vehicles purchased. Programs may vary by dealer/lender/state. Please refer to your GAP Addendum or VSC for details of the terms, conditions, limitations, and exclusions that apply to this program. Maximum eligibility limits apply.
- Credit Card rates are based on an evaluation of applicant credit. Your actual Annual Percentage Rate (APR) will be disclosed at the time of credit approval. Not all applicants will qualify for the lowest rate. 0%APR promotion on balance transfers for 12 billing cycles; after which the APR will revert to the rate you qualify for and are paying on your Downeast Credit Union VISA® Credit Card purchases. Cash Advances accrue a finance charge from the date made. The minimum monthly payment is $20 or 2% of the outstanding balance whichever is greater. Qualifications based upon credit worthiness and our underwriting guidelines. Rates are non-variable and range from 11.90%APR up to 17.90%APR as of October 25, 2023. Current DECU VISA® balances are not eligible. **There is a 4% Balance Transfer Fee; Loyal Members may qualify for a 0% Balance Transfer Fee if they have a DECU checking with at least $1,000/month in direct deposits and 10 debit card transactions/month. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. Ask for current rates, terms and conditions.
