# CASCO
Gorham, ME · NCUA charter 9327 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/casco-9327

Who the members are: federal charter, community charter, organized 1954. 9,134 members of 300,000 potential (3.0% of the field); checking penetration 58% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $121.4M |
| Members | 9,134 (1.5% YoY) |
| Full-time staff | 22 |
| Net worth | $11.5M |
| Net worth ratio | 9.4% (p20 of band) |
| ROA (annualized) | 0.75% (p53 of band) |
| Total delinquency | 0.44% (p36 of band) |
| Net charge-offs (annualized) | 0.27% (p43 of band) |
| Loans / shares | 68% (p48 of band) |
| Cash / assets | 30.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.63% (p47 of band) |
| Operating expense / assets | 4.20% (p68 of band) |
| Vehicles % of loans | 30% (p37 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 64% |
| Third-party paper % of net worth | 125% (p74 of band) |
| Vehicle delinquency | 0.52% (p48 of band) |
| Vehicle NCO | 0.73% (p63 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 53% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 69% |
| Core shares % of member funds | 63% |
| Certificates % of member funds | 22% |
| Average share balance | $6,496 |
| Participations bought / yr | $1.9M |
| Participations sold / yr | $0 |
| Participations outstanding | $25.3M |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $13,494 |
| Loans granted, annualized | $23.5M |

## Participation posture (from the same filings)

Bought $1.9M and sold $0 in the latest annualized quarter; $25.3M outstanding purchased (221.0% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 7.1% year over year.

## Flags firing in the latest filing

- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 3 | thin capital, loans>95% of shares, leaning on borrowings |  |
| 2016-09 | 1 |  | loans>95% of shares, leaning on borrowings |
| 2016-12 | 2 | expense trap, 3rd-party paper>100% NW | thin capital |
| 2017-03 | 3 | thin capital |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 4 | loans>95% of shares |  |
| 2018-12 | 3 |  | thin capital |
| 2019-03 | 2 |  | loans>95% of shares |
| 2019-06 | 4 | delinquency 2x band, delinquency rising |  |
| 2019-09 | 1 |  | expense trap, delinquency 2x band, delinquency rising |
| 2019-12 | 2 | expense trap |  |
| 2020-03 | 1 |  | expense trap |
| 2020-06 | 4 | thin capital, net worth falling, margin squeeze |  |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 5 | net worth falling, expense trap |  |
| 2021-06 | 4 |  | net worth falling |
| 2021-09 | 3 |  | expense trap |
| 2021-12 | 3 |  |  |
| 2022-03 | 2 |  | margin squeeze |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | delinquency rising |  |
| 2023-03 | 2 |  | delinquency rising |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 3 | assets shrinking | thin capital |
| 2023-12 | 2 |  | delinquency rising |
| 2024-03 | 2 | delinquency rising | assets shrinking |
| 2024-06 | 1 |  | delinquency rising |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 2 | delinquency rising |  |
| 2025-12 | 1 |  | delinquency rising |
| 2026-03 | 2 | delinquency rising |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-08-13 [Casco Federal Credit Union Appoints New VP of Finance - The Gorham Times](https://news.google.com/rss/articles/CBMiigFBVV95cUxPZlotbkNZcG1rQXB2TkQxd3dFaHRyMVdtc1UtR3pOd0pFSTI5OE1PQnZzTHp6Tm9MM1RwdkV5YlgwLVBmNklxMzdDU2xiZEtKcXJGcjJ1Ym5xRDZkelV3ZWRac3FUTkJPRXVhWnpJek13S3FiOXE3MU1Ua2xVSE9XSDJGcUVOZlZWZ3c?oc=5) · The Gorham Times
- 2021-08-02 [Casco FCU senior executive will take over as president this fall - mainebiz.biz](https://news.google.com/rss/articles/CBMimgFBVV95cUxNbzZselEtaHZ5RGtTTjk4ZUhqTHBESHRFQWpkbDhMMmt3dUFHa0lncVJTQkE1NjRPbWZlZkJXZkhrenNySnBJNm9pTjdMY2sxOV9hRl9EYWtkbjNfS1czeDZNOXBkWkd5S20wc1Y0Qmt0WjdIbU9fTk9GMlZLdFliOENlUnQ2YUxMdXFLQ3hhTTRuZklCd0JVaUFn?oc=5) · mainebiz.biz
- 2025-04-08 [America's Best Regional Banks and Credit Unions 2025 - Maine - Newsweek Rankings](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOb0VzQlZYRkxOZzhJRVpRdTQteTk0bWg2TU1GNG81MktkNTU4TV8xcEVTVF85SHJMQ0M0NG11ekFXQ1NOamxwd2FNb0I1aW8xWEFKMGJhT3NLWUNuRklnelhtWkxPY00zOW5iZkdLdFJYT09nYWYtYzlXWDJKMjBnRWtfUkRQWTFMTE0w?oc=5) · Newsweek Rankings
- 2020-06-16 [Maine Founders - Bowdoin College](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBIMzdTS3JlRWdUTHhYR3JvdWdTM3JjMnFmSWpOQWNVLVdmYVBwcW1mOGxheVcxZlB6ZWpuNUhwSzNXZV9CZkVIVGIxMFBvUldTQmpBRVRiTEktYXlOcjJ5M09PemZ6Y2c?oc=5) · Bowdoin College
- 2024-06-20 [2 leaders at Maine Savings FCU take on new roles - mainebiz.biz](https://news.google.com/rss/articles/CBMihAFBVV95cUxNUEhDcFc2UlNGQ0tDbU5yemdCWFpZZEw4R2s0VjEzem1CVkpfa1ZaYnBic2dWNExCOUo2SlJVQkhVQW9OMFhZd1dUZlV5dWl4MXNlSjROS1Fwb1RzQV9JRUxpNWh5VDc0a05WRi1Cb1hfMDZSYkkwa3d1bFVPVTJwdjRyZkw?oc=5) · mainebiz.biz
- 2016-12-13 [Amber Nichole Caiazzo Obituary Dec 13, 2016 - Dolby, Blais & Segee](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE4xeGY4MTR1ZEJBbWtjWHc1aDJtZ2RzNExIOTc0cE9TVGFGeURySF9CRy1wR3kzVC1xU1F4RGZJaE9wVVNRMkJuY21lQnEzbTlta0RfaFVqTzBWdHY4RndtTlZFdWJZeWs?oc=5) · Dolby, Blais & Segee
- 2025-06-03 [Obituary: Kathleen “Katie” Lloyd O’Brien - pressherald.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxQNldBZ0RvaEZXZmxiZHhwTTIxbXhlRFhKOXZyZjdPczB3Q1hCUnJGeVI2WXR5S1dYQ2lhU0U4TElyZGxKeFYtc3dtRGpySmtWN2pyWUxfN1ZleFNMX0I2bU1sZTJHTW04Q2tzQ2MyTWNWMWJyT3dUa0QwUWlEbTZQcjA5cw?oc=5) · pressherald.com
- 2020-10-19 [New rankings: Best places to work in Maine - WMTW](https://news.google.com/rss/articles/CBMihgFBVV95cUxNS2JabDdDeTdiajB2Ykp5QWhDMlNoelRQbGhjek4yNFJ0eENKYVNIallwSG40UGRxS0VveVdVa3EwNHFxZVJMcG1Wa2dadzhEcXlHUC1CSGtWaWh0TmJPVkVvaXllOXJpbmhhX1l2ZTFmdGRvTkpiRUVxQmdjVG9Lck02aUozUQ?oc=5) · WMTW

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9327 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/47.json (key "9327", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=9327
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide