Youth Savings Programs
Monty Moose Youth Savings Program (for ages 2 through 12)
A fun way to teach our youngest members to save. A Monty Moose Youth Savers account can be opened with $1.00. Our youngest members will receive $2 Moose Bucks for their first deposit when they become eligible to participate in the program at age two. Moose Bucks may be used to purchase items at "Monty's Trading Post" located in each of the eight Down East Credit Union branches.
| Deposit Amount | Monty Moose Bucks Earned |
|---|---|
| $1.00 to $5.00 | earn $1 Moose Buck |
| $5.01 to $10.00 | earn $2 Moose Bucks |
| $10.01 to $15.00 | earn $3 Moose Bucks |
| $15.01 to $20.00 | earn $4 Moose Bucks |
| $20.01 to $50.00 | earn $5 Moose Bucks |
| $50.01 to $75.00 | earn $7 Moose Bucks |
| 75.01 to $99.99 | earn $10 Moose Bucks |
| Deposit over $100.00 | earn $15 Moose Bucks |
Cash Control Program (for ages 13 through 18)
This account is a youth's next step toward learning to manage their finances. For every deposit over $10, their name will be entered in our $50 quarterly drawing.
With a parent or guardian, a Cash Control member can open a checking account. Cash Control members can learn how to maintain a checking account and establish and manage credit. An ATM card can also be requested.
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 Bowdoinham.
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