Jun, 30, 2024 — CASCO FEDERAL CREDIT UNION is a federal credit union headquartered in GORHAM, ME with 3 branch locations and about $108.47 million in total assets. Opened 70 years ago in 1954, CASCO FEDERAL CREDIT UNION has about 9,223 members and employs 20 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) | 16 Mechanic St GORHAM, ME 04038 |
| Phone: | (207) 839-5588 |
| Fax: | (207) 839-5413 |
| Website: | https://www.cascofcu.com |
| Branches: | 3 branch locations |
| Members: | 9,223 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $108,465,956 |
| CEO/Manager: | Martinique Allen |
| Chairperson: | John W Zerillo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,040,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,747,135 |
| Unsecured Loans | 4,190,922 |
| Other Loans | 26,722,324 |
| TOTAL LOANS | 66,660,381 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -575,356 |
| Land And Building | 1,819,995 |
| Other Fixed Assets | 182,305 |
| NCUSIF Deposit | 848,582 |
| All Other Assets | 0 |
| TOTAL ASSETS | 108,465,956 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 939,441 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,517,056 |
| Regular shares | 49,761,482 |
| All Other Shares & Deposits | 18,451,464 |
| TOTAL SHARES & DEPOSITS | 98,730,002 |
| TOTAL LIABILITIES | 99,669,443 |
| Regular Reserve | 0 |
| Other Reserves | 819,433 |
| Undivided Earnings | 7,977,080 |
| TOTAL EQUITY | 8,796,513 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 108,465,956 |
| INCOME & EXPENSE | |
| Loan Income | 2,221,451 |
| Investment Income | 252,844 |
| Other Income | 542,286 |
| Total Employee Compensation & Benefits | 1,400,524 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,549,208 |
| Non-operating Income & (Expense) | 5,850 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 196,919 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 389,930 |
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