Down East Credit Union

About Down East Credit Union

Our History

Original Baileyville office

(Updated May 2, 2016)

Down East Credit Union began as St. Croix Federal Credit Union, founded in 1941 by the employees of St. Croix Pulp and Paper Company. In 1985, a community charter was granted to include the towns of Princeton, Baileyville, Baring, and Calais. Current President/CEO, David Tozier, assumed leadership of the credit union in 1995, with Mason Pottle serving as Chairman of the Board of Directors.

In 1996, the charter expanded to include all of Washington County, followed in 1999 with an expansion to include Waldo County. In 2004 our Field of Membership was expanded to include all who live, work, worship, attend school, or conduct business in Washington, Waldo, Hancock, or Penobscot counties.

In March of 2006, we changed our name to Down East Federal Credit Union. In November of 2006, we converted from a federally-chartered to a state-chartered credit union, with a name change to Down East Credit Union. This change allowed us to continue with our plans for growth and expansion, while keeping our federally insured status. Also in 2006 we opened a branch in Bangor, built new offices in Machias and Unity and opened a branch in Calais.

In 2007 a merger between Bowdoinham Federal Credit Union with offices in Bowdoinham and Richmond was presented to membership. With the approval of members of both credit unions, the merger was approved and official on July 30, 2007.

In 2010 we built a new office in Topsham and moved the Bowdoinham Branch and the HUB of Down East Insurance Agency to the new location. We moved our Richmond office across the street to a brand new building in December 2011. 

During the winter of 2015 a new office in Calais was constructed to replace the credit union's leased space of 750 square feet; Calais members will now enjoy a full-service branch.

Down East Credit Union currently serves over 19,000 members from eight locations.

The Credit Union is the sole owner of three CUSO's (Credit Union Service Organizations). Consolidated Solutions, LLC, has partnerships with15 credit unions and over 100 vehicle/recreation dealerships, offering members the convenience of financing their vehicle purchase with Down East Credit Union without leaving the dealership. Down East Insurance Agency offers insurance for Home, Vehicles, Commercial, Workers Comp, Life and Disability with offices in Baileyville, Unity, Richmond and  Topsham.  Bay Financial, LLC, offering vehicle service and gauranteed auto protection contracts. 

DECU Board of Directors

  • Mason Pottle - Chairman
  • Bob Curtis - Vice Chairman
  • Joe Manza - Secretary
  • Jim Enman - Board member
  • Mike Whalen - Board member

Executive Management

  • David Tozier - President/CEO
  • Joseph Moses - Executive Vice President/CFO


  • VP Accounting – Jill Hamilton
  • VP Collections - Melissa Alexander
  • VP Compliance – Bert Beaulieu
  • VP Human Resources – Donna Cochran
  • VP Lending/Branch Operations – Tonia Lanier
  • VP Internal Audit – Bette Tomah
  • Manager Information Systems - Chris Sherrard

Down East Credit Union ~ 1-800-427-1223 ~

NCUA and Equal Housing Lender

Down East Credit Union is a Maine Credit Union Serving Washington, Waldo, Hancock, Penobscot, Lincoln,
Kennebec, Sagadahoc, and Knox Counties, and the towns of Brunswick and Harpswell in Cumberland County.
Branch offices are located in Baileyville, Machias, Belfast, Unity, Bangor, Calais, Richmond, and Topsham.

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