CASCO Federal Credit Union is headquartered in Gorham and is the 35th largest credit union in the state of Maine. It is also the 1,727th largest credit union in the nation. It was established in 1954 and as of March of 2025, it had grown to 23 employees and 9,003 members at 2 locations. CASCO Federal Credit Union's money market rates are 7X the national average, and it has an A health rating.
Membership in Casco Federal Credit Union is open to those who live, work, worship, or attend school in the Maine counties of Cumberland or York. Spouses, children, and parents of membership-eligible persons also qualify for membership.
See current membership details
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.
Overall | |
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NCUA # | 9327 |
Year Chartered | 1954 |
Employees | 23 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.69% |
Return on Equity - YTD | 7.24% |
Annual Interest Income | $1.3MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $113.1MM$104.8MM |
Loans | Q1 2025vs Q1 2024 | $69.9MM$68.4MM |
Deposits | Q1 2025vs Q1 2024 | $101.6MM$94.3MM |
Equity Capital | Q1 2025vs Q1 2024 | $10.6MM$9.9MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $480K$517K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $95K$256K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not CASCO Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $0 | - | Share Account | |
0.10% | $500 | - | Health Savings Account | |
0.10% | $0 | - | Club Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.04%* | $75k* | - | Money Market | ||
OTHER TIERS: 1.51% → $2k - $25k | 2.27% → $25k - $75k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.00%* | $0 | $25k | Platinum Rewards Checking | ||
OTHER TIERS: 0.25% → $25k+ |
CASCO Federal Credit Union Locations | ||
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Branch Office | 375 Main St | Gorham, ME 04038-1336 |
Branch Office | 393 Ossipee Trl | Gorham, ME 04038-2133 |