Sep, 30, 2025 — CASCO FEDERAL CREDIT UNION is a federal credit union headquartered in GORHAM, ME with 2 branch locations and about $119.25 million in total assets. Opened 72 years ago in 1954, CASCO FEDERAL CREDIT UNION has about 9,060 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CASCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 375 Main St GORHAM, ME 04038-1336 |
| Phone: | (207) 839-5588 |
| Fax: | (207) 839-5413 |
| Website: | https://www.cascofcu.com |
| Branches: | 2 branch locations |
| Members: | 9,060 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9327 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $119,247,502 |
| CEO/Manager: | Martinique Allen |
| Chairperson: | John W Zerillo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,429,197 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,350,500 |
| Unsecured Loans | 3,793,450 |
| Other Loans | 23,014,251 |
| TOTAL LOANS | 72,158,201 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -436,208 |
| Land And Building | 3,574,295 |
| Other Fixed Assets | 89,462 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 909,478 |
| All Other Assets | 0 |
| TOTAL ASSETS | 119,247,502 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 788,940 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,383,864 |
| Regular shares | 41,055,779 |
| All Other Shares & Deposits | 40,026,311 |
| TOTAL SHARES & DEPOSITS | 107,465,954 |
| TOTAL LIABILITIES | 108,254,894 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,992,608 |
| TOTAL EQUITY | 10,992,608 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 119,247,502 |
| INCOME & EXPENSE | |
| Loan Income | 3,129,531 |
| Investment Income | 907,852 |
| Other Income | 497,154 |
| Total Employee Compensation & Benefits | 1,721,731 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,809,367 |
| Non-operating Income & (Expense) | 5,855 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,015,767 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 598,070 |
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