Credit Unions Near Me
National Credit Union Service Organization

CASCO FEDERAL CREDIT UNION

Dec, 31, 2023 — CASCO FEDERAL CREDIT UNION is a federal credit union headquartered in GORHAM, ME with 3 branch locations and about $101.30 million in total assets. Opened 70 years ago in 1954, CASCO FEDERAL CREDIT UNION has about 9,089 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211287816
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:9,089
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$101,300,948
CEO/Manager:Martinique Allen
Chairperson:John W Zerillo

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,167,613
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 39,503,079
 Unsecured Loans 4,209,878
 Other Loans 24,933,791
 TOTAL LOANS 68,646,747
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -518,167
 Land And Building 1,830,864
 Other Fixed Assets 125,151
 NCUSIF Deposit 872,135
 All Other Assets 0
  TOTAL ASSETS 101,300,948
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 843,714
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,337,222
 Regular shares 40,578,103
 All Other Shares & Deposits 25,894,838
  TOTAL SHARES & DEPOSITS 90,810,163
  TOTAL LIABILITIES 91,653,877
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 9,647,071
  TOTAL EQUITY 9,647,071
  TOTAL LIABILITIES, SHARES, & EQUITY 101,300,948
INCOME & EXPENSE  
 Loan Income 3,380,883
 Investment Income 648,164
 Other Income 731,438
 Total Employee Compensation & Benefits 1,958,999
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,143,889
 Non-operating Income & (Expense) 7,649
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 109,073
 Cost of Funds 550,386
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 640,114
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