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P.O. Box 87
Gorham, ME 04038

Casco Credit Union is headquartered in Gorham and is the 44th largest credit union in the state of Maine. It is also the 2,377th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 18 employees and 5,722 members. Casco Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Cumberland County, Maine. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Casco Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Casco Credit Union had $295,000 in non-current loans and owned real-estate with $5.1 million in equity and loan loss allowances on hand to cover it. This gives Casco Credit Union a Texas Ratio of 5.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Casco Credit Union decreased dramatically from 8.99% as of March 31, 2013 to 5.78% as of March 31, 2014, resulting in a positive change of 35.69%.This indicates that the balance sheet and financial strength for Casco Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Casco Credit Union has increased its total deposits by $3.58 million, resulting in 9.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Casco Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Casco Credit Union has $47.19 million in assets with $5.1 million in equity, resulting in a capitalization level of 10.81%, which is above average.

Institution Statistics

NCUA #9327
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$47.19 million
Loans$36.64 million
Deposits$40.39 million
Equity Capital$4.68 million
Loan Loss Allowance$422,000
Unbacked Noncurrent Loans$295,000
Real Estate Owned$0
Historic Data - March 2013
Assets$42.59 million
Equity Capital$4.33 million
Loan Loss Allowance$575,000
Unbacked Noncurrent Loans$295,000
Real Estate Owned$125,000
Profit Margin - Quarterly
Net Interest Margin1.23%
Return on Assets0.36%
Return on Equity3.67%
Interest Income$506,000
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Casco Credit Union Savings Account Rates

0.10%--Share Account
0.10%$500-Health Savings Account
0.10%--Club Account
0.10%--IRA Club
0.10%--Roth IRA Club

Casco Credit Union Money Market Rates

0.25%$25k-Money Market Account

Casco Credit Union CD Rates

1.51%$500-60 Month Share Certificate
1.01%$500-48 Month Share Certificate
0.75%$500-36 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.40%$500-18 Month Share Certificate
0.35%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate

Casco Credit Union IRA Rates

1.51%$500-60 Month IRA Certificate
1.01%$500-48 Month IRA Certificate
0.75%$500-36 Month IRA Certificate
0.60%$500-24 Month IRA Certificate
0.40%$500-18 Month IRA Certificate
0.35%$500-12 Month IRA Certificate

Casco Credit Union Locations
Branch Office375 Main StGorham, ME 04038-1309
Branch Office35 Cumberland StWestbrook, ME 04092-4305
Branch Office397 Ossipee TrlGorham, ME 04038-2133