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.
Name: | CASCO FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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