Desco Credit Union

Desco Credit Union is headquartered in Portsmouth and is the 18^st largest credit union in the state of Ohio. It is also the 715^st largest credit union in the nation. It was established in 1963 and as of December of 2011, it had grown to 96 employees and 26,529 members. Desco Credit Union's savings rates are 46% higher than the national average, and it has a 4-star health rating.

Desco Credit Union Checking Account Rates

Desco Credit Union Savings Account Rates

Desco Credit Union CD Rates

Data for Q4 2011

Institution Statistics DESCO NCUA # 15882 BankRate Report View Year Chartered 1963 Employees 96 Primary Regulator Assets and Liabilities Assets $256.46 million Loans $145.78 million Deposits $228.62 million Equity Capital $21.03 million Loan Loss Allowance $1.40 million Unbacked Noncurrent Loans $2.53 million Historic Data - December 2010 Assets $242.95 million Equity Capital $19.26 million Loan Loss Allowance $1.39 million Unbacked Noncurrent Loans $1.42 million Real Estate Owned $80,000 Profit Margin - Quarterly Net Interest Margin 4.84% Return on Assets 0.64% Return on Equity 7.76% Interest Income $9.67 million Non-Interest Income $3.25 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Desco Credit Union had $2.53 million in non-current loans and owned real-estate with $22.43 million in equity and loan loss allowances on hand to cover it. This gives Desco Credit Union a Texas Ratio of 11.26% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Desco Credit Union held steady from 7.27% as of December 31, 2010 to 11.26% as of December 31, 2011, resulting in a negative change of 54.92%. This indicates that the balance sheet and financial strength for Desco Credit Union has held steady in recent periods. Deposit Growth In the past year, Desco Credit Union has increased its total deposits by $12.62 million, resulting in 5.84% 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 Desco Credit Union has shown is excellent. Capitalization 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. Desco Credit Union has $256.46 million in assets with $22.43 million in equity, resulting in a capitalization level of 8.74%, which is average.

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