Downeast 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, Belfast, Brewer, Calais, Machias, Richmond, Topsham and Unity. Must meet membership eligibility requirements. $5 minimum opening share deposit to become a member and $20 minimum to open a checking account.
*Bonus/Account Information: Offer available to members in good standing. You can receive only one new checking account opening related bonus every two years from the last bonus enrollment date and only one bonus per account. Bonus offer is good for one-time use. To receive the bonus: 1) Open a new DECU checking account (subject to approval); 2) Enroll in eStatements; and 3) Have your direct deposits totaling at least $500/month made into this account within 60 calendar days of the checking account opening date. After you have completed all the above requirements and the qualifying direct deposits have posted to your account, DECU will deposit the bonus into your new account within 60 days. To receive this bonus, the enrolled account must not be closed, negative or restricted at the time of payout. No minimum balance required to earn bonus; only $20 required to open a checking and $5 to open a share savings to become a member. Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Account Closing: If the checking account is closed by the customer or DECU within six months after coupon enrollment, we will deduct the bonus amount at closing. Simple Checking does not pay an annual percentage yield; Secure Checking earns a 0.05% annual percentage yield and may change at any time. Fees could reduce the earnings on these accounts.
^There is a $6.95 Monthly Service Fee for Secure Checking. Other miscellaneous fees apply.
**Overdraft Protection and Courtesy Pay: Overdraft Protection is optional. You must opt in to benefit. DECU’s Overdraft Protection Program honors your overdrafts on your checking account when you don’t have enough money in your Account to cover a transaction, provided you have enough money in your Share Savings or linked Account. To do so, we transfer funds from your regular savings or linked account to your DECU Checking Account to cover your overdrafts. Courtesy Pay is a discretionary "courtesy" service. To be eligible for Courtesy Pay, members must be in good standing and have a DECU Checking Account that has been open for at least 90-days. Courtesy Pay may pay Checks, Bill Payments, ATM/Debit Transactions and ACH electronic items that would not have cleared otherwise due to insufficient funds, up to an approved limit. Courtesy Pay fees are $0 for transactions $15 and under and then just $15 per item over $15. Items will not be paid if: member account is more than $400 in the negative, Overdraft(s) presented “in-person” and/or “over-the-counter,” items covered by other pre-arranged overdraft plans supported by a written agreement between the credit union and the member, or Items covered by pre-arranged overdraft transfers from linked deposit accounts. The full amount of the Overdraft balance will be due within 30 days from the date of the occurrence at which time Courtesy Pay privileges will be suspended and possibly terminated. Trust, custodial and other fiduciary accounts are not eligible. See the DECU Membership Agreement and Disclosures for details and the Fee Schedule for a list of fees. Credit Union terms and conditions subject to change without notice.
See www.downeastcu.com/privacy-notice/documents-disclosures/ for more information.
Federally Insured by NCUA.