From Casco FCU

GORHAM – Martinique Allen, the current Vice President of Operations at Casco Federal Credit Union, will take over as the credit union’s president on Sept. 1.

James Stone, President and CEO since 2007, will stay on as CEO until his retirement at the end of June 2022, at which time Allen will assume the role as President and CEO.

Casco FCU is also promoting Nichole Frazier, current Vice President of Lending, to Executive Vice President and Chief Lending Officer.

Stone said of the changes, “Both Marti and Nicki are very proficient and experienced long-term employees who have proven their knowledge, leadership, and value to our organization and dedication to our members and staff. Their promotions are well deserved, and I know that the credit union will be in very capable hands for years to come.” 

Allen and Frazier are both life-long Maine residents.

Allen grew up in Hartland and attended Husson College, while Frazier grew up in Scarborough and attended the University of Southern Maine.

They have both helped propel Casco to be the successful credit union it is today growing, from $35 million in assets in 2010 to over $94 million today and serving 9,000 members.