DECU CEO David Tozier Retires

David Tozier (left) has retired as the CEO of Down East Credit Union after 23 years. Current President Joe Moses (right) will be taking on his duties as CEO/President. (Submitted photo)

By Lura Jackson

Since 1995, Down East Credit Union has been helmed by CEO David Tozier. In that time, the credit union has expanded from serving Baileyville, Calais, Baring, and Princeton to being a statewide operation with eight locations and 20,000 members. Now, with 23 years of successful leadership under his belt, Tozier is retiring from the position. Down East Credit Union’s current president, Joe Moses, will be assuming the joint position of CEO/President moving forward. We caught up with Tozier to share in reflections over the past two decades and to see what lays in store for him and DECU.

How would you describe your time with DECU, from a personal standpoint?

It has been great on the personal side. My wife, Esther, and our three sons moved here from Central Maine in August of 1995, and soon thereafter moved to reside on Crawford Lake. Because of Down East Credit Union, we were able to make many lifelong friends and raise our sons here, and we are now blessed with grandchildren.

From a business standpoint, why do you think Down East Credit Union has been successful?

It has been successful because of the commitment from the Board of Directors.  The employees always worked to do what is right for individual members, keeping their best interest in mind.

My priority was always to treat the members like we all would like to be treated… in good and bad financial times. Everyone has financial trials and tribulations throughout their lives. Yes, there are many big ‘wow’ moments out there, but there are just as many simple things that mean just as much to that individual – such as helping someone balance their checkbook, for example.

What challenges and opportunities do you see in the future for Down East Credit Union?

There will always be challenges and opportunities ahead – actually too many to list – but the management team, along with the new President/CEO, Joe Moses, will continue on the current path of success. In my time at DECU, I always hired the person, and the training could come later. The DECU team consists of dedicated, skilled employees who put the needs of our members first. They aren’t afraid to learn new skills or technologies to implement change and meet our members’ needs. 

What will you be doing next?

Over the last few years, Esther has been in the process of starting her own business. Maybe it’s time I supported her in her business, because I know she did it for me for well over 23 years!  Her business is Wild Child Botanicals, LLC, Herbal products for health and wellbeing ( Wild Child Botanicals, LLC, is a very small herbal company in the heart of Washington County, Maine. Our herbalist has had several years of training and is constantly seeking out new botanical information for your benefit.

Is there anything else you’d like to include?


I would like to say ‘Thank You’ to the Board of Directors, staff, management team and members for a great career. I will miss the credit union and all of our members for the rest of my life.