CASCO Federal Credit Union is headquartered in Gorham and is the 34th largest credit union in the state of Maine. It is also the 1,760th largest credit union in the nation. It was established in 1954 and as of September of 2022, it had grown to 20 employees and 9,223 members at 3 locations. CASCO Federal Credit Union has an A health rating.
Field of Membership Restrictions
Anyone who resides, attends school, worships or works in York or Cumberland counties are eligible for membership in CASCO Federal Credit Union.
See current membership details
Increased Transactions From 12 To 20 Per Month As Of September 1
And they did it without increasing the rate or bumping the $ cap. I can get the same rate on a number of in-state credit unions with only a 12 transaction requirement plus a higher rate on an online savings account with no cap so I'm dropping them like a bad habit.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9327 |
| Year Chartered | 1954 |
| Employees | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 5.91% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $108.5MM$100.1MM |
| Loans | Q3 2022vs Q3 2021 | $66.7MM$58.6MM |
| Deposits | Q3 2022vs Q3 2021 | $98.7MM$90.3MM |
| Equity Capital | Q3 2022vs Q3 2021 | $8.8MM$8.2MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $575.00K$647.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $152.00K$92.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |